Tech shares came under pressure Friday following renewed US-China tensions after President Donald Trump threatened a “massive increase” in tariffs and hinted at canceling a planned meeting with Chinese President Xi Jinping.
The remarks, posted on Trump’s Truth Social account, came in response to Beijing’s announcement that it will tighten restrictions on rare earth exports effective December 1.
JPMorgan is expecting a solid Q3 reporting season for semiconductor companies, driven by AI demand and ongoing cyclical recovery.
The American investment bank, in a note, said it anticipates results to be in line or slightly ahead of expectations, with positive momentum likely to continue into year-end.
Tesla Inc's (NASDAQ:TSLA) valuation could see material upside from its artificial intelligence roadmap, according to analysts at Wedbush, who have repeated an ‘Outperform’ rating and $600 price target.
The broker expects the company’s push into autonomous vehicles and robotics to drive a re-rating, with volume production of its Cybercab and Optimus products due to begin in 2026.
China’s State Administration for Market Regulation (SAMR) has launched an antitrust investigation into Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) related to the US chipmaker’s acquisition of Israeli vehicle semiconductor company Autotalks, citing concerns that the company may have failed to properly declare the transaction under Chinese anti-monopoly law.
The reportedly probe focuses on whether Qualcomm followed regulatory filing procedures during its purchase of Autotalks, which was completed in June 2025.
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) expects third quarter 2025 results from North American IT services companies to show continued caution among enterprise clients, as businesses weigh AI-related infrastructure investments against limited discretionary budgets.
“We expect Q3 2025 reports to reflect ongoing uncertainty as enterprises balance AI infrastructure spending against limited discretionary budgets,” they wrote.
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) said the Federal Reserve’s September meeting minutes strengthen the case for additional rate cuts this year, noting that “most participants judged it would likely be appropriate to ease policy further over the remainder of the year.”
The firm said this aligns with its forecast for another cut in December.
Serve Robotics Inc (NASDAQ: SERV) shares powered 26% higher to $17.27 in midday trading on Thursday after the autonomous sidewalk delivery company announced a new multi-year strategic partnership with DoorDash to roll out autonomous robot deliveries across the US.
The agreement will see Serve’s autonomous sidewalk robots begin delivering orders placed via the DoorDash app in Los Angeles first before expanding nationwide over time.
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) analysts view Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD)’s strategic partnership with OpenAI as “a substantial positive for AMD,” pointing to improved competitive positioning in the accelerator market for both training and inference workloads.
While the firm maintained its ‘Neutral’ rating on the stock “given the potential funding risks tied to the business and likely high customer concentration for AMD’s GPU datacenter business,” it noted that it “could be more constructive if we gain incremental confidence on the revenue stream and execution timeline for this deal in the coming quarters.”
Draftkings Inc (NASDAQ:DKNG) stock is now a ‘Buy’ according to the equity research analysts over at Berenberg.
They believe the 20% plus sell off in the company’s stock over the past 10 days due to the threat of disruption from prediction markets has been overdone.
Analysts at Noble Capital Markets remain bullish on Bit Digital Inc (NASDAQ:BTBT) following the company’s monthly Ethereum (ETH) treasury and staking update for September.
Noble maintained its ‘Outperform’ rating and $5.50 price target, implying upside of about 36% at their time of writing.
Haleon PLC's (LSE:HLN, NYSE:HLN) management could be forgiven for feeling like pharmacists rearranging the medicine cabinet while the queue outside keeps growing.
Barclays, in a detailed preview ahead of the company’s third-quarter results, says the consumer health group’s biggest headache remains its US inventory build-up, a problem Haleon is determined to “clean up” before year-end.
Wedbush analysts anticipate a robust third quarter earnings season for technology companies, driven by strong enterprise adoption of artificial intelligence.
Major cloud providers, including Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG), and Amazon.com Inc (NASDAQ:AMZN), experienced significant demand for AI services in the quarter, reflecting growing investment across enterprises and government organizations, the analysts highlighted in a note.
Johnson & Johnson (NYSE:JNJ)’s strong year-to-date performance is likely to continue when the healthcare giant reports third quarter earnings on October 14, according to analysts at Goldman Sachs.
The firm wrote in a note to clients that the stock’s 31% gain this year, which is more than double the S&P 500’s 14% rise, reflects “impressive execution across the Innovative Medicines segment,” which has driven sales and earnings estimates higher relative to peers.
RBC Capital Markets analysts believe Constellation Brands Inc (NYSE:STZ)’s earnings per share “aftermath was better than feared” but expect the numbers to be rangebound until the company’s volumes gain momentum.
In a note to clients on Wednesday, the analysts called Constellation’s overall quarter “solid” given the muted expectations and poor investor sentiment.
Dell Technologies Inc (NASDAQ:DELL)'s investor event struck a “constructive” tone on the company’s demand outlook, market share positioning and earnings growth expectations, according to analysts at Citi.
In a note to clients on Wednesday, the analysts stated that Dell management reaffirmed their near-term outlook and increased their long-term targets, which were better than investor expectations.
Analysts at Research Capital see a recent update from Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF) supporting their growth outlook for the natural gas firm with assets in Brazil and Canada.
On Wednesday, Alvopetro Energy reported average September sales of 2,231 boepd, driven by strong production from its Murucututu field in Brazil and early output from new wells in Canada’s Big Gully project.
As investors increasingly focus on whether the technology sector is entering an AI bubble, Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) analysts say current market conditions do not yet point to a dramatic re-rating of technology stocks.
Following the Goldman Sachs Communacopia + Technology Conference in September and recent company announcements on long-term AI capacity, the firm’s Technology, Media, and Telecom research team examined adoption trends, capital deployment, energy requirements, and broader market dynamics.
Citi analysts anticipate Roblox Corp (NYSE:RBLX) will reveal “robust” bookings and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) when the immersive gaming and creation platform reports its third quarter 2025 financial results on October 30.
In a note to clients on Wednesday, the analysts wrote that Roblox’s RoMonitor gaming data suggest that the company’s Q3 results will exceed Wall Street expectations.
Intel Corp (NASDAQ:INTC, ETR:INL) is expected to release technical details about its forthcoming semiconductor for laptops, known as Panther Lake, on Thursday, Reuters reported late Tuesday, citing four sources briefed on the plans.
The media outlet noted that Panther Lake chips are Intel's high-end mobile processors that are typically included in more expensive laptops.
There was no $25,000 electric car this time. Tesla Inc's (NASDAQ:TSLA) long-promised budget model has been shelved, replaced instead by cheaper versions of its existing Model 3 and Model Y.
At roughly $37,000 and $40,000 respectively, they are more affordable than before, though only by about $5,000, and still dearer than many rivals. Production started in June, with cars expected to reach buyers by the end of the year.
After a year of reshaping itself, Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) looks well stocked for the next phase of growth.
Peel Hunt keeps its 'add' rating and 85p target price, arguing that the real estate investment trust remains attractively valued on a 10% discount to net tangible assets and offers a reliable 7.8% dividend yield.
Tesla Inc (NASDAQ:TSLA) has introduced cheaper versions of its two most popular electric vehicles, aiming to make electric cars more accessible following the expiration of the $7,500 US federal EV tax credit.
The new Model 3 Standard starts at $34,990, making it the most affordable Tesla currently available, while the Model Y Standard, a budget-friendly version of the Model Y SUV, begins at $39,990.
Goldman Sachs has increased its gold price forecast for December 2026 to $4,900 per troy ounce, up from $4,300, citing persistent inflows that have driven a 17% rally since late August.
The gold rally continued amid political uncertainty on Tuesday, adding 0.7% to reach about $4,003 per ounce.
Canada’s oil producers and explorers are set to report mixed third quarter results, according to RBC analysts, with Athabasca Oil kicking things off on October 29 after market close.
“Our third-quarter funds from operations (FFO)/share estimates for our coverage group are generally mixed vis-a-vis FactSet consensus but may move more into line as formal corporate surveys are released,” RBC said, noting that FFO measures cash generated by operations before dividends and working capital changes.
Citi analysts stressed being ‘cautious’ on US medical technology stocks entering the third quarter, as the sector tends to underperform in September and October before recovering in November.
In a note to clients on Tuesday, the analysts wrote that the sector was hit particularly hard this year as investors rotated out of healthcare and into technology.
Sentiment towards life sciences tools and diagnostics firms in North America is turning positive after an agreement between the Trump Administration and Pfizer Inc (NYSE:PFE, ETR:PFE) has significantly eased the uncertainty around Most Favored Nation (MFN) tariffs on pharmaceuticals and related products, Citi analysts have highlighted.
Under the deal announced late last month, Pfizer agreed to lower drug prices for Medicaid, sell discounted medicines directly to Americans, make significant investments in the US, and avoid tariffs for three years.
United Microelectronics Corp’s September sales allowed the company to have a “strong" finish to the third quarter of 2025, Wedbush analysts wrote in a note to clients on Tuesday.
They cited better-than-expected demand for PCs, which appear to have created improvement in demand trends for mature foundry.
Goldman Sachs remains bullish on Nvidia Corp (NASDAQ:NVDA, ETR:NVD) as investors debate the nature of recent strategic investments in firms such as OpenAI and the extent to which these could be recycled by investees as GPU spending, which is recognized by Nvidia as “circular” revenue.
This circular revenue arises because Nvidia both supplies GPUs to investees and takes an equity stake, meaning some revenue flows back into the company’s ecosystem.
OpenAI’s DevDay 2025 showcase marked a pivotal moment in the company’s evolution as it expands from a research-led organisation into a provider of business-critical AI infrastructure, that's according to analysts at Citi.
In a note, the bank highlighted that OpenAI is positioning itself at the centre of a growing ecosystem spanning developer tools, enterprise automation, and creative software.
Gold may be getting comfortable at the top table. After a summer surge that caught many off guard, Goldman Sachs now expects the metal to fetch $4,900 an ounce by the end of 2026, up from its previous $4,300 forecast.
The US investment bank says the forces behind the 17% rally since late August look anything but fleeting.
AppLovin Corp (NASDAQ:APP) has earned a price target raise from Wedbush analysts to $745 from $725, with an ‘Outperform’ rating, with the firm citing the company’s “phenomenal growth” and expanding ecosystem across gaming, ecommerce, and connected TV (CTV).
“AppLovin has repeatedly demonstrated that its phenomenal growth will continue for the foreseeable future, with a staggering profit margin,” the analysts wrote.
Citi and Wedbush have both initiated bullish coverage on newly public Klarna Group PLC, highlighting its expanding global footprint, strong growth trajectory, and long-term profitability potential within the Buy Now, Pay Later (BNPL) market.
Citi analysts initiated coverage with a 'Buy/High Risk' rating and a $58 target price, implying 42.5% upside from current levels.
OpenAI’s newly announced partnership with Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) is a landmark moment in the AI sector, signalling a new phase in the ongoing AI revolution, according to Wedbush analysts.
Under the deal, OpenAI will deploy 6 gigawatts of AMD Instinct AI GPUs, beginning with the MI450 series in the second half of 2026.
Equity markets are setting new records, yet not everyone feels they are being invited to the party. A handful of technology giants have powered indices higher this year, but Citi thinks the next leg of the rally could finally start to spread out.
Its latest global equity strategy keeps a mildly upbeat tone. The bank’s analysts remain “constructive” on shares worldwide, expecting around 5% upside by the middle of next year.
The gold rally has further to go, that's according to analysts at Swiss bank UBS.
Citing strong investment inflows, a weaker US dollar, and increased geopolitical risk, the bank has now raised its gold price forecast to US$4,200 per ounce.
Analysts at UBS reckon surging power needs from AI and data centres are driving a structural investment boom across the utilities sector.
The bank expects annual investment in electricity infrastructure to reach US$3 trillion by 2030, with spending coming across generation, storage, grid upgrades, and data centre support.
For a company fighting to turn its clever lung imaging technology into a commercial success, Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) could do with a bit of oxygen.
Stifel’s analysts think the latest deal to expand its US reach might just provide that.