Cointime update: Microsoft director Emma N. Walmsley told the company on Nov. 4 that she will not seek re-election at the 2026 annual shareholder meeting. Walmsley, a board member since 2019, will serve until the meeting is held. The filing states her decision did not result from any disagreement with management on operations, policies or practices.
Cointime reports: Hedge funds sharply cut risk and liquidated AI positions in October, improving the positioning backdrop for US equities, especially AI stocks, into year-end, JPMorgan said. If AI shares stabilize in November while retail investors keep buying equity funds, hedge funds may begin rebuilding AI exposure from late November. Long-term investors’ bond allocations could still cap further yield declines, with subsequent rate moves potentially driven more by momentum and speculative flows.
Cointime reports: Strategy’s preferred stock Stretch (STRC) raised enough capital on Nov. 4 to purchase more than 120 BTC. The mechanism, which links STRC fundraising to bitcoin purchases, is active again after more than 170 days of inactivity.
Cointime reports: Meta’s newly issued €9 billion ($10.1 billion) six-part euro bond is trading above par, with all six tranches quoted higher on Thursday and bid prices also above face value. The order book reached €62 billion, far surpassing the €31 billion record set by AB InBev a decade ago. Underwriters priced each tranche just under 100 euros per 100 euros of face value, with spreads closer to lower-rated issuers than to other mega-cap tech borrowers.
Cointime update: Bitcoin treasury company DDC Enterprise (DDC) has launched an initial public offering of preferred stock under the ticker SAVOR, priced at $20 per share with an annualized dividend of 13.5% paid daily. The offering is expected to raise $24 million, with proceeds earmarked for repaying convertible notes, funding a dividend reserve account and adding to its BTC holdings.
Cointime reports: US cloud computing stocks declined in pre-market trading, with CoreWeave down 1.6%, Nebius down 2.8% and IREN down 1%. The moves came ahead of the market open as investors weighed the sector’s recent run.
Cointime reports: South Korea’s KOSPI fell 5.28% to 5,383.8 and the KOSDAQ dropped 5.11% on November 5, with both indexes triggering market stabilization mechanisms the same day. Semiconductor and AI-infrastructure shares led the decline: SK Hynix fell 9.46% and Samsung Electronics 7.57%. Investors are concerned that Democratic gains in the US midterm elections could tighten regulation of data center approvals, grid access and power costs, delaying AI data center projects and weighing on demand for HBM and DRAM memory chips.
Cointime reports: US optical communication stocks fell collectively in premarket trading on November 5, extending the previous session’s losses. AXT Inc dropped more than 5%, while MaxLinear, Astera Labs, Credo Technology and Marvell Technology each fell over 4%. Lumentum, Corning and Fabrinet were down more than 3%.
Cointime reports: US-listed memory and storage stocks fell collectively in premarket trading on Nov. 5. Seagate Technology and SK Hynix each dropped more than 4%, while Western Digital, SanDisk, Rambus and Micron Technology each fell more than 3%. Silicon Motion Technology declined more than 2%.
Cointime reports: Morgan Stanley said in a Nov. 5 report that Democratic midterm gains, including in Texas, could tighten data-center regulation and delay projects, but the broader AI investment cycle is expected to remain intact. The bank kept an overweight stance on global equities, noting large-cap stocks have risen 15%-16% on average in the six months after midterms since 1982. It expects the federal deficit to stay near 6% of GDP.
Cointime reports: Shares of US mortgage giants Fannie Mae and Freddie Mac have extended their cumulative decline to 25% since the US midterm elections. The two government-sponsored enterprises have posted the steepest losses in the period following the vote.
Cointime reports: The CBOE Volatility Index (VIX) broke above 25 for the first time since April, with the gauge up nearly 60% at the time of reporting. The move marks a sharp jump in expected US equity volatility, lifting the index past a level it had not reached since earlier this spring.
Cointime reports: Southbound trading recorded a net outflow of more than HK$19 billion (HK$19.0 billion) from Hong Kong stocks on November 5. The figure marks a substantial single-day withdrawal by mainland investors via the Stock Connect channels. No further breakdown of the flows was provided.
Cointime reports: The Russell 2000 index fell 2.5% on the day, putting it on track for its largest single-day decline since June 5. The drop marks a sharp pullback for the small-cap benchmark.
Cointime reports: The S&P 500 extended its decline to 3% on Thursday, marking its largest intraday drop since April, while the Philadelphia Semiconductor Index fell more than 10%. Chip stocks led the selloff: AMD dropped 15.25%, Micron 14.48%, Qualcomm 12.59%, TSMC 8.91%, Broadcom 8.12%, Intel 7.86%, ASML 7.80% and Nvidia 7.73%.
Cointime reports: Microsoft is tightening oversight of data center projects with neocloud providers Nebius Group NV, IREN Ltd. and Nscale Plc., exiting projects it deems risky and debating internally whether to sign new neocloud agreements, people familiar said. On a recent earnings call, CFO Amy Hood said delays in third-party capacity deliveries disrupted the company’s spending plans — the third time she has raised the issue on an earnings call.
Cointime reports: The Philadelphia Bank Index fell 2% on Wednesday, with Goldman Sachs dropping 5.9% and Morgan Stanley falling 5.6%, marking the largest intraday declines for both banks since February. The move reflects broad selling pressure across US bank stocks during the session.
Cointime reports: Foreign investors net sold 15,427.3 billion won of SK Hynix and 11,687.2 billion won of Samsung Electronics on November 5, offloading 1.204 million and 5.718 million shares respectively, Korea Exchange data show. Combined net selling in the two chipmakers exceeded 2.7 trillion won for the day, reflecting risk-off sentiment toward semiconductors amid AI regulation concerns. Naver drew the largest net buying at 710.7 billion won, followed by Daeduck Electronics at 465.5 billion won.
Cointime reports: The CBOE Volatility Index (VIX) rose as much as 50.0% intraday to 24.86, while the S&P 500 dropped more than 2.5%. The sharp move in the equity market’s fear gauge accompanied a broad selloff in US stocks.
Cointime reports: ASML Holdings dropped 7.9% in trading. No further details on the move were provided in the available material.