Good morning.
The Fast Five → AI stocks rally ahead of Meta earnings, Musk to gift SpaceX shares to American children, CoreWeave stock rebounds, Nscale and Anthropic in talks for yet another $45B compute deal, and stock pickers burned by AI boom think their moment has finally arrived…
📌 A scary development every AI investor needs to take note of →
(from Weiss Ratings)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
None watched
Your 5-minute briefing for Tuesday, October 20:
BEFORE THE OPEN
As of market close 10/19/2026.
Pre-Market:
Market Wrap:
Futures: Dow +56 (+0.1%), S&P +0.1%, Nasdaq +0.2%
Mon: S&P +0.4%, Nasdaq +1%+, Dow lower
Tech rebounded after last week's sharp selloff
Tesla jumped 3.8%, while Nvidia gained 1.4%
CoreWeave slipped despite a Goldman Sachs upgrade
Roughly 70 S&P companies report earnings this week
Focus shifts to GM, United Airlines, and housing data
EARNINGS
Here’s what we’re watching this week:
Today: *General Motors $GM ( ▼ 1.44% ), Capital One $COF ( ▼ 0.95% ), United Airlines $UAL ( ▼ 0.52% )
Netflix $NFLX ( ▼ 0.96% ) - YoY earnings growth of 39% to 82 cents EPS on revenue growth of 11.9% to $12.9B
WED: *AT&T $T ( ▼ 1.02% ), Southwest Air $LUV ( ▼ 1.77% )
Meta $META ( ▼ 0.55% ) - YoY EPS growth of 465.7% to $5.94 on 23.6% revenue growth to $63.35B
THU: *American Airlines $AAL ( ▼ 1.68% ), *Blackstone $BX ( ▲ 0.45% ), *Procter & Gamble $PG ( ▼ 1.04% ), *Spotify $SPOT ( ▼ 2.21% )
FRI: American Express $AXP ( ▲ 0.9% )
This AI Stat will Disturb You …
AI stocks are overhyped.
The data is telling us a crash is coming.
And this one stat confirms it.
- A sponsored message from Weiss Ratings -
HEADLINES
The billionaire’s gift could be worth roughly $10.8 billion and amount to approximately 1% of Musk’s current SpaceX holdings.
Shares of CoreWeave slid last week, a sign that the trade might be entering a new stage.
Nasdaq climbs as chip and AI-linked stocks bounce back (more)
AI stocks rally ahead of Meta earnings (more)
Goldman still betting on a nice year-end rally for the S&P 500 (more)
Fed sees AI boom adding to inflation headache (more)
Oil wavers as Iran threats vie with robust Gulf Crude flows (more)
Dollar and euro drift, yen slips as markets seek direction (more)
Gold slips as investors weigh Fed rate outlook (more)
Homebuyers are canceling sales at near-record rates (more)
Credit stress is threatening to unwind the AI bull with all eyes on Oracle (more)
Nscale, Anthropic in talks for yet another $45B compute deal (more)
CoreWeave stock rebounds on Goldman Sachs upgrade to ‘buy’ (more)
Netflix stock is down roughly 25% in 2026 as Q3 earnings loom (more)
Meta’s AI vision doesn’t come cheap, and its earnings could prove it (more)
SpaceX, Tesla earnings to test AI spending ambitions as merger talk grows (more)
Amazon’s chips will work with popular coding language, challenging Nvidia (more)
Eric Schmidt’s 1% Anthropic stake set to pay huge windfall (more)
Waymo plans to quintuple its fleet (more)
JPMorgan to invest $5B in companies critical to US national security (more)
DEALFLOW
M+A | Investments
Silgan and American Industrial to buy Trivium Packaging in $3.4B deal
Ares buys rail firm Infinity from KKR for $2.9B
Merck buys Silence Therapeutics in $1.3B RNA drug deal
China’s Hansoh Pharma strikes drug deal with Roche worth over $15B
Unilever to sell Welly bandage brand to Forward Consumer Partners
Clinical Ink receives investment from Ardan Equity and GI Partners
RunPractice receives investment from Dr. Ruth Johnson
VC
Estuary Biotherapeutics, a biotech company developing genetic medicines for kidney diseases, raised $93M in Series A funding
Holyvolt, an AI-powered battery materials discovery company, raised $45M in funding
ZAP Surgical Systems, a provider of non-invasive robotic brain surgery platforms, raised $36M in funding
Prism Data Technologies, a developer of cash flow analytics and automated credit risk underwriting software, raised $20M in Series A funding
Origin, a full-stack physical AI company building robots for interior construction, emerged from stealth with $20M in total funding
Epicrispr Biotechnologies, a company developing epigenetic therapies, received an $8M grant from the California Institute for Regenerative Medicine
Arosa AI, a conversational platform for real estate development research and planning, raised $500K in Seed funding
RxActuator, a veterinary medical device company, raised a Seed funding round from Waypoint Ventures (amount undisclosed)
CRYPTO
BULLISH BITES
🏛️ AI bosses are warning us about the wrong threat. *
🍎 Apple announces product launch event for Oct. 28. Touchscreen laptop?
📈 The fossil fuel comeback is here.
📅 Boomers are buying into the promise of monthly income from options ETFs.
💀 The 1980s box-office flop that won’t die.
DAILY SHARES
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