Good morning.
The Fast Five → Meta has reached AI ‘frontier’, new report shows US chip industry’s reliance on China, Microsoft plans huge deployment of its own AI chips, Sandisk stock is this bull market's emergent star, and a handful of tech stocks are masking an ugly S&P 500 problem…
📌 Bank of America Warns: Get out of S&P 500 →
(from InvestorPlace)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
Consumer Price Index, 8:30A
Your 5-minute briefing for Tuesday, October 13:
BEFORE THE OPEN
As of market close 10/12/2026.
Pre-Market:
Market Wrap:
Futures: Dow +17, S&P -0.1%, Nasdaq -0.2%
Mon: Dow +195+, S&P and Nasdaq lower
Memory stocks pressured the broader market
Asian stocks slid, with South Korea’s Kospi down 6%+
S&P earnings growth projected near 30%
Major banks and UnitedHealth report Tuesday
Focus shifts to earnings and inflation data
EARNINGS
Here’s what we’re watching this week:
Today: *Citigroup $C ( ▼ 5.6% ), *Domino’s Pizza $DPZ ( ▼ 2.96% ), *Goldman Sachs $GS ( ▲ 0.28% ), *JPMorgan Chase $JPM ( ▼ 0.2% ), *UnitedHealth $UNH ( ▲ 2.86% )
*Johnson & Johnson $JNJ ( ▲ 1.01% ) - $2.51 EPS (-10.4% YoY), on $25.4B revenue (+5.8% YoY)
*Wells Fargo $WFC ( ▼ 2.16% ) - $1.85 EPS (+11.4% YoY) on $22.4B revenue (+4.7% YoY)
WED: *Bank of America $BAC ( ▼ 1.14% ), *BlackRock $BLK ( ▼ 1.64% ), *Morgan Stanley $MS ( ▼ 1.91% )
THU: *Charles Schwab $SCHW ( ▼ 1.15% ), Interactive Brokers $IBKR ( ▼ 0.46% )
AI Bubble Could Finally Be Done - Wall St's Warning
Wall Street warns that the next 10 years could be an absolute disaster for investors who don't change their ways - fast.
- A sponsored message from InvestorPlace -
HEADLINES
The new models, Muse Wonder and Muse Wonder Full, are meant to compete with cutting-edge A.I. models from rivals like Anthropic and OpenAI.
More than 5% of equipment and materials supplied to US chipmakers originate in China, which also possesses some 90% of the rare earths required to manufacture semiconductors.
Dow gains, S&P, Nasdaq slip as focus turns to earnings season kickoff (more)
A handful of tech stocks are masking an ugly S&P 500 problem (more)
Goldman Sachs raises December oil price target to $90 (more)
Gas prices to break record for most days above $4 a gallon (more)
Squeezed by inflation, more Americans fall behind on their debts (more)
Credit-score shift at Fannie and Freddie is shaking up mortgage market (more)
US mortgage bond fund outflows among worst since 2021 (more)
Dollar holds 18-mo high as Gulf unrest, inflation keep investors on edge (more)
AI’s giant money loop is drawing in foreign cash like 2008 (more)
AI infrastructure investments to drive Asia economic boom (more)
Sandisk stock is this bull market's emergent star (more)
SpaceX’s Starlink could pose 3 big risks to Apple, BofA warns (more)
United Airlines rapidly deploying Starlink, giving it a ‘head start’ (more)
Microsoft plans huge deployment of its own AI chips (more)
Kroger to slash 37% of corporate jobs in next three years (more)
Moderna stock surges more than 600% in 2026 (more)
Micron stock drops on China CXMT denser memory chip news (more)
Albertsons seeks more than $9B over busted Kroger deal (more)
Starbucks denies plan to buy Chipotle after report of possible takeover (more)
China gloom hits LVMH, dims hopes of luxury revival (more)
DEALFLOW
M+A | Investments
IonQ to buy Elisity for $1.3B to bolster cyber unit
Salesforce agrees to acquire AI analytics startup Loops
Third Coast agrees $240M deal for Oklahoma’s Great Plains Bancshares
Freshworks agrees to acquire Torii
CVC agrees to buy minority stake in Fibrotex
DeepSeek backs ex-Tencent AI Scientist’s $400M Robot Lab
Flexcompute receives investment
Primitive Labs receives investment from Sony Innovation Fund
VC
Ramp, a provider of corporate spend management and payment software, reportedly raised approximately $1.85B in funding
TypeSafe AI, a provider of AI software and machine-native deployment infrastructure, raised $870M in Series A funding
Ultra Robotics, an automated warehouse robotics startup, raised $50M in Series A funding
Kapta Space, a spaceborne radar payload platform, raised $24M in Series A funding
BioConsortia, a provider of stable biological solutions for global agriculture, raised $15M in financing
Sonilo, a developer of AI-synchronized audio and sound effect generation software, raised $11M in its first funding round
Gudea, an AI-powered narrative intelligence platform, raised $7M in Seed funding
Phinity Labs, an applied research lab for autonomous chip design, raised $5.2M in Seed funding
Hello Robot, a provider of mobile manipulator robots designed to operate in everyday environments, raised nearly $3M in grant funding
CureMeAbroad, a medical tourism and healthcare discovery platform, raised $1.1M in Pre-Seed funding
CRYPTO
BULLISH BITES
🚨 Top Banks Warn: A strange day is coming to America. *
🤑 Individual investors are trading at meme-stock levels.
💸 Why many US households are struggling, in 3 charts.
🤖 AI will hit 40% of jobs, IMF warns. Young people are first in line.
💼 Robb Report's 7 briefcases for upgrading your work commute.
DAILY SHARES
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