According to Jin10, Moderna (MRNA.O) fell 1.4% in premarket trading, giving back its gains.

OpenAI has raised about $180 billion over the past two years, nearly two-thirds of it this year, but some core investors are expected to contribute less in its latest pre-IPO funding round. According to Sina Finance, citing DealBook, a person familiar with the matter said an investment consortium from the United Arab Emirates, including MGX, had committed a single-digit number of billions of dollars and was expected to be the round’s largest investor. OpenAI initially planned in September to raise up to $30 billion at a valuation of up to $1.5 trillion. The company has since cut its fundraising target by at least one-third and lowered the valuation to $1.25 trillion. SoftBank, previously one of OpenAI’s most active investors, is negotiating to contribute only several hundred million dollars, people familiar with the matter said. SoftBank has invested about $65 billion in OpenAI to date, including $30 billion in its $122 billion funding round in March this year and $30 billion in its $40 billion round in March 2025. Coatue, which has also invested in OpenAI competitor Anthropic, is negotiating to contribute several hundred million dollars. OpenAI still expects to complete the round in the coming weeks. The plan is to raise up to $20 billion in two tranches, with the first tranche’s deadline set for this Friday, a source said.

According to Jin10, HSBC strategist Max Kettner, one of the few Wall Street strategists to turn cautious before Thursday’s sharp U.S. stock selloff, said a potential Anthropic IPO could have a greater impact than the U.S. midterm elections. Two weeks ago, Kettner downgraded his equity rating from the highest level of overweight to neutral. He said the overall narrative around the technology sector had turned unfavorable, regardless of how technology companies arrange their capital spending. Despite this week’s sharp technology-stock selloff, he said the fundamentals of the AI trade had not been damaged. After the midterms, Kettner remained cautious and questioned how much market risk the election had removed, given that investors had done little to hedge against it. He said a potential Anthropic IPO in two weeks, if it proceeds as scheduled, could be the event that truly removes market risk; the ideal outcome, he said, would be for the IPO to go ahead on schedule.

A Wall Street strategist who turned cautious on stocks ahead of Thursday’s selloff said a potential debut by Anthropic PBC may prove more decisive than the US midterms, according to Bloomberg.

According to CNBC, several major stocks made significant premarket moves on Friday. Moderna rallied nearly 10% after beating third-quarter earnings estimates and raising its 2026 revenue growth outlook to 15%–25%, up from a prior maximum of 10%. Lam Research surged nearly 11% following a board-authorized $25 billion stock buyback. Cloudflare climbed 19% after quarterly guidance topped expectations, forecasting adjusted earnings of 43 cents per share versus a 38-cent FactSet consensus, on revenue of $845–$846 million versus $796 million expected. JFrog soared 23% after raising full-year guidance to adjusted earnings of $1.14–$1.16 per share on revenue of $680–$682 million, above consensus estimates of 98 cents and $651.9 million. Airbnb jumped 13% after third-quarter earnings of $3.16 per share topped the $2.85 consensus, with revenue of $4.87 billion beating the $4.75 billion estimate. Iren jumped nearly 19% after fiscal first-quarter revenue of $228 million, up from $137 million the prior quarter. More than $4 billion in annual recurring revenue projected for 2026 has been delayed until at least January 2027. AI and semiconductor stocks including Micron Technology, SanDisk, Marvell Technology, AMD, Nebius and CoreWeave rose, recovering from Thursday's selloff. On the downside, DraftKings tumbled more than 20% after a wider-than-expected third-quarter loss of 94 cents per share versus the 39-cent loss analysts anticipated, with revenue of $1.33 billion missing the $1.40 billion estimate. Atlassian dropped more than 18% as data center revenue was expected to decline approximately 14% year-over-year in the fiscal second quarter ending in December and 16% in the fiscal year ending next June. Axon Enterprise fell nearly 9% after missing third-quarter estimates, issuing weak fourth-quarter guidance, and pledging an additional $1.2 billion investment in Skydio for a roughly 37% stake. Five9 declined more than 17% after lowering full-year adjusted EPS guidance and announcing a $325 million cash acquisition of Level AI. Affirm Holdings dropped 4% despite quarterly results and forward guidance above expectations, as credit concerns weighed. Lyft fell more than 5% as third-quarter revenue of $1.82 billion trailed the $1.92 billion consensus.

According to Jin10, The New York Times reported that SoftBank is in talks to invest several hundred million dollars in OpenAI.

According to Jin10, The New York Times reported that a consortium of UAE investors will become OpenAI’s largest investor.

Abigail Watt, UBS’s US economist, said UBS expects further tightening as it assesses the US jobs outlook and persistent inflation, according to Bloomberg. She also discussed the path of Fed policy and how a slowdown in AI investment could affect US economic growth in an interview with Guy Johnson on Bloomberg Brief.

Nobel laureate Argeon deconstructs the growth effect of AI using the Schumpeterian growth paradigm and proposes four new functions for governments in industrial policy, education, taxation, and international cooperation.

The US stock market lost $3 trillion overnight, the AI ​​industry chain suffered violent deleveraging, and behind the panic was the resonance of data center approval and policy risks.

The percentage of coins listed on South Korean exchanges that are "only launched domestically" has decreased from 85% in 2019 to 9% in 2024, but low trading volume on the first day is becoming a new challenge for exchanges.

Nvidia is using residual value guarantees, capacity buy-outs, and equity investments to finance its AI factories, but the $300 billion off-balance-sheet commitments are concentrating tail risks upstream.

Alphabet's market value evaporated by nearly $500 billion in a single day, and advertising growth diverged from search volume for the first time; as AI agents compare prices and place orders on behalf of others, the foundation of the advertising model is crumbling.

Solana's advertising campaign and planned offline events in Lujiazui have been halted. A spokesperson from the People's Bank of China responded exclusively, stating that the related business constitutes illegal financial activity.

Hackers linked to North Korea stole $6.3 billion from Binance and are now moving some of it through Chinese money-laundering networks, with hundreds of thousands of dollars already traced there. About $3 billion has been frozen, but close to $1 billion has started moving through laundering channels.

Paraguayan President Santiago Peña has announced his resignation amid a growing political and financial crisis following the collapse of digital lender Ueno Bank, whose suspended operations have restricted millions of customers' access to their deposits and sparked protests in the capital.

Canva is cutting 1,271 jobs, about 22 per cent of its staff, after its growth slowed and competition from AI design tools grew. Those leaving will get at least six months' salary, 12 months of healthcare cover where offered, career support, their company laptops and the chance to apply for a US$10,000 startup grant.

In response to the threat of quantum computing, developers have proposed a "quantum landmine": anyone wanting to access coins in an old address must first deposit an equivalent amount of principal.