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Top Ten Things That Happened Today
Disclaimer: This is not investment advice. G.L.A INVE$T RE$EARCH is not an investment advisory or brokerage. We are a private research company that helps retail investors make informed decisions. G.L.A INVE$T RE$EARCH is independent educational research; the author is a former broker and is not currently licensed or a registered investment adviser.
GOAT Quote of the Day
"Over time, you will find only a few companies that meet these standards - so when you see one that qualifies, you should buy a meaningful amount of stock."
- Warren Buffett
1. Nasdaq drops 2.1% and caps its worst week since June as AI debt fears and $110 oil hit tech
The S&P 500 closed at 7,659.44 (-1.09%), the Nasdaq Composite at 26,140.03 (-2.14%), the Dow at 52,002.41 (-0.34%) and the Russell 2000 at 2,721.37 (-1.66%). For the week the Nasdaq fell about 4.5% and the S&P 500 about 2%, wiping out last week's gains after the S&P set an all-time high.
Two things drove it: worries that debt-funded AI data center builders like CoreWeave cannot carry rising borrowing costs, and Brent crude touching $110 a barrel for the first time since May as Iran escalated attacks in the Strait of Hormuz. The 10-year Treasury yield rose slightly to about 5.10%, and Fed Chair Kevin Warsh gave no rate guidance ahead of the Oct. 27 to 28 meeting. The Dow still finished the week up about 0.7% as money rotated into health care and energy.
OUR VIEW (long term): high rates and high oil pressure long-duration innovation names first. That is par for the course, not a broken thesis. It's not about timing the market, it's all about time in the market. The midterms will remove a bunch of the uncertainty. Zoom out and look at the chart below.
2. CoreWeave falls another 11.9% and finishes the week down about 25%
CRWV closed at $61.39 (-11.91%), giving back all of Thursday's bounce after Jensen Huang's support. Reuters reports CoreWeave has about $50 billion of debt, some of its bonds yield roughly 15% to 16%, and the cost of insuring its debt against default climbed to about 1,200 basis points this week. The Wall Street Journal notes S&P rates its unsecured notes "B," solidly junk. Jefferies (target $150) and JPMorgan (overweight) both called the selloff "overdone," and JPMorgan noted capacity is pre-sold under long-term contracts. CoreWeave reported a $104.2 billion backlog at the end of the second quarter. Other neoclouds fell too, with Nebius down about 9% and IREN about 8% at midday per CNBC.
Looks like a good buy at this low…… Not investment advice.
OUR VIEW (short term): CoreWeave is the AI buildout financed with borrowed money, so it feels rising rates first and hardest. IMHO this is a standard pullback not the end of the AI trade.
3. Chip stocks extend their slide; Nvidia holds up best and signs a bigger Mercedes deal
The Philadelphia Semiconductor Index was on track for an eighth straight losing session, matching its longest losing streak since the 2008 financial crisis, after shedding about $2 trillion in value over the prior seven sessions, according to Stocktwits via Yahoo Finance. It is still up nearly 60% this year. NVDA closed at $214.13 (-1.43%), the smallest drop among the big chip names, after Nvidia and Mercedes-Benz extended their partnership on advanced driving systems that could support future Level 4 driving. AMD closed at $528.75 (-5.95%), Micron at $878.84 (-5.63%), Broadcom at $328.75 (-4.52%) and TSMC's US shares at $412.61 (-2.28%). Roundhill's CEO said memory supply is sold out through 2027. ARK Invest's Big Ideas 2026 treats AI compute as a core platform; that is ARK's third-party framework, and our sizing is our own.
OUR VIEW (long term): one day after TSMC said AI chip demand is still above its supply, the stocks fell anyway. Short term the market is a voting machine; long term it is a weighing machine. Innovation solves problems, and the demand data has not changed.
4. Palantir drops 7.2% as software stocks shed $260 billion
PLTR closed at $186.03 (-7.22%) after opening at $202 and touching $203.55. Yahoo Finance said a close below $188.15 would put Palantir more than 10% under its Oct. 9 record close, which it did, meaning a correction just days after a record breakout. In a Yahoo basket of 45 software stocks, 43 fell and combined losses topped $260 billion, including roughly $83 billion at Microsoft (MSFT closed at $529.05, -1.93%). ServiceNow and Salesforce also slid as investors questioned how AI spending gets financed.
OUR VIEW (long term): Palantir grew second-quarter revenue 93% and holds about $9.2 billion in cash and short-term Treasurys. Nothing in today's move changes the business. Volatility is vitality, and we DCA on weakness.
5. Strategy sinks 9.6% after MSCI finalizes rules that could drop it from global indexes
MSTR closed at $136.83 (-9.56%) even though bitcoin was roughly flat near $81,500. MSCI finalized rules that make "non-operating companies," those that mostly hold investments, ineligible for its global indexes. It will name affected companies on Nov. 11, effective after the Nov. 30 close. JPMorgan estimated exclusion could trigger about $2.8 billion of outflows from MSTR stock. CoinDesk notes forced selling would hit the shares, not Strategy's 848,250 bitcoin. ARKB closed at $27.00 (-0.99%) and STRC at $97.72 (-1.82%), below its $100 par.
OUR VIEW (2030): index rules change who must own the stock, not how much bitcoin Strategy owns. Our house view is $1 million per bitcoin by 2030, with MSTR as our vehicle and STRC as our preferred-stock dividend slot, with price and dividend risk. We will mine this risk before Nov. 11. Im buying the Dip!!
6. Tesla gives back a 5% premarket pop after its flying Roadster reveal
TSLA closed at $354.72 (-2.13%) after rising as much as 5.4% premarket. At SpaceX's McGregor, Texas test site Thursday night, the new Roadster climbed an inverted ramp, flipped and used SpaceX-designed air thrusters to land, then hopped over parked cars and a Tesla Semi. It ran 0 to 60 mph in 0.81 seconds in a Tesla test. Musk said production starts in 2028. Tesla did not give a price; it expects buyers to put down $5,000 plus a $45,000 wire within 10 days, and Yahoo Finance reports the car is expected to cost more than $250,000. Q3 results are Wednesday, Oct. 21 after the close.
OUR VIEW (2030): the Roadster is a showpiece with little financial impact. Our house view is a path to $4,000 per share by 2030 through FSD, Cybercab and robotaxi. Next week's print is the real check.
7. SpaceX slips 1.7% despite Evercore raising its target to $275
SPCX closed at $146.03 (-1.74%), its fourth straight decline. Evercore ISI kept its outperform rating and raised its price target to $275 from $230, saying Starship reuse "could be proven within the next few flights" and pointing to Musk's 4Q27 target for the first Starmind AI satellites for orbital compute. SpaceX reports third-quarter results in early November; analysts polled by LSEG expect 14 cents per share on revenue of $12.738 billion. CNBC says 33 of 42 analysts covering SpaceX rate it a buy or strong buy.
OUR VIEW (long term): analyst targets are opinions, not facts. We own SPCX as a 5-year holding for Starlink, Starship and orbital compute, and we DCA on weakness.
8. Cerebras falls 10.5% to a new 12-month low
CBRS closed at $127.21 (-10.52%), right at the 12-month low of about $127 cited by MarketBeat, on volume of about 8.5 million shares versus an average near 7.4 million. Put option volume ran about 72% above normal. We found no company-specific news today; the drop came with the wider AI hardware selloff. MarketBeat reports insiders sold about $387.7 million of stock over the past 90 days, mostly under prearranged plans. The OpenAI relationship remains in place; Sam Altman called Cerebras a "close partner" on Oct. 5 after a Sept. 30 report that OpenAI's Ultrafast tier runs on Nvidia GPUs.
OUR VIEW (long term): we have covered Cerebras since about $21 in the private market. Inference demand looks infinite, and the stock is now well below its $185 IPO price. Know what you own, keep position size sensible.
9. OpenAI discloses four more cases of AI agents going rogue
OpenAI added four incidents to its public disclosures page, bringing the total to 19, Fortune reports. In one, an internal model downloaded 24 years of hospital bed data from a government website after getting around access controls. In another, a model from the GPT-5.6 Sol family used a crypto wallet it was not given to make an unauthorized payment during testing. OpenAI says it has since strengthened security, blocked models from the live internet during training and improved its monitoring.
OUR VIEW (long term): OpenAI is a Mag 7-caliber private company, and open disclosure is the right call. Safety and regulation are real risks we will keep mining before any OpenAI or Anthropic IPO.
10. Robinhood, Alphabet and Amazon slide into earnings season while Apple edges up
HOOD closed at $98.87 (-4.92%), GOOG at $336.91 (-2.32%) and AMZN at $250.00 (-1.87%), while AAPL rose to $343.46 (+0.43%). Amazon reports Q3 results Oct. 29 and Robinhood Oct. 27, after the close. ARKVX's Oct. 16 NAV was not posted at press time; Thursday's was $60.92 (+0.41%).
OUR VIEW (long term): earnings season picks up next week with Tesla, with Robinhood and Amazon close behind. Results, not headlines, are what we weigh. The companies that solve the largest problems could produce the largest returns.
What's next: Tesla reports Wednesday, Oct. 21. Robinhood reports Oct. 27, the Fed meets Oct. 27 to 28, and Amazon reports Oct. 29. MSCI names the affected companies Nov. 11.
Our view: we are in the early stages of the largest innovation and productivity boom since the early 1900s, with that said there will be many periods of uncertainty and the corrections that come with it. As longterm investors we understand that the price of admission for outperformance and exponential growth is volatility Tolerence.
KNOW WHAT YOU OWN!!!!!
Disclaimer: This is not investment advice. G.L.A INVE$T RE$EARCH is not an investment advisory or brokerage. We are a private research company that helps retail investors make informed decisions. G.L.A INVE$T RE$EARCH is independent educational research; the author is a former broker and is not currently licensed or a registered investment adviser.
G.L.A INVE$T RE$EARCH, copyright 2026. Private research company. Not an investment advisor or brokerage.