Dow, S&P 500, Nasdaq Wobble After Sharp Tech Sell-Off

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US stock futures wobbled on Friday as concerns over the AI trade lingered following a sharp sell-off in technology stocks (XLK), prompting investors to seek safety in bonds.

Futures for the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F) each fell 0.2%, while Nasdaq 100 futures (NQ=F) were little changed after semiconductor and Big Tech stocks sold off on Thursday.

AI-related stocks remained under pressure as concerns over rising financing costs and a potential slowdown in capital expenditure weighed on cloud infrastructure companies such as CoreWeave (CRWV).

Chipmakers Nvidia (NVDA) and AMD (AMD) also declined, alongside other AI infrastructure stocks.

Tesla (TSLA) and Meta (META), two of this week's major earnings headliners, also declined. Yahoo Finance reports.

📞 RingCentral Up 13% at $90.02 After Q3 Earnings Beat and Guidance Raise

Morgan Stanley raised its price target on RingCentral (RNG) from $41 to $91 while maintaining an Equal Weight rating on the shares.

In a post-earnings note, the firm highlighted RingCentral's strongest revenue quarter in some time, with subscription growth accelerating for a third consecutive quarter.

Despite acknowledging that it missed the rally, Morgan Stanley noted that shares trade at a premium to peers, suggesting further upside would depend on larger forecast revisions rather than valuation multiple expansion. TipRanks reports.

🖥️ Why is TTM Technologies Stock Gaining on Friday?

TTM Technologies Inc. (NASDAQ: TTMI) shares rebounded in premarket trading Friday after plunging nearly 28% on Thursday, despite stronger-than-expected third-quarter earnings and raised guidance.

The sell-off came as investors weighed delays in data center projects, rising acquisition-related borrowing costs, and a weaker-than-expected revenue outlook for 2027.

Thursday’s sharp decline may also have reflected profit-taking following a rally driven by strong demand for artificial intelligence and defense technologies. Benzinga reports.

🔋 Bloom Energy Stock Rises After Q3 Earnings Beat and Guidance Raise

Bloom Energy Corp. (NYSE: BE) shares rose in premarket trading Friday after the company reported better-than-expected third-quarter earnings and raised its full-year guidance.

Bloom Energy raised its full-year outlook for the third time this year, citing strong third-quarter results and greater visibility into fourth-quarter deliveries.

The company increased its adjusted earnings per share guidance to $3.10–$3.40 from $2.55–$2.85, exceeding analysts' consensus estimate of $2.73.

Bloom Energy also raised its revenue forecast to $4.4 billion–$4.6 billion from $3.9 billion–$4.2 billion, above Wall Street's estimate of $4.097 billion. Benzinga reports.

💾 Western Digital Stock Falls 6.5% After Hours Following Fiscal Q1 Results

Western Digital Corp. (NASDAQ: WDC) shares fell 6.54% to $331.01 in after-hours trading Thursday, following a 6.43% decline during the regular session, when the stock closed at $354.19, according to Benzinga Pro.

The decline followed Western Digital's fiscal first-quarter earnings report and a Securities and Exchange Commission (SEC) filing disclosing a share sale by Chief Legal Officer Cynthia Tregillis. Benzinga reports.

🤖 Anthropic IPO Could Deliver Major Gains for Iconiq, Spark, and Sound Ventures

Anthropic PBC's anticipated initial public offering could generate multibillion-dollar gains for major investors as the artificial intelligence developer approaches its Wall Street debut.

Iconiq, which first invested in Anthropic in 2025 when the company was valued at $183 billion, has since invested more than $6 billion. Its stake is now worth approximately $17 billion based on Anthropic's latest $965 billion private market valuation, according to people familiar with the matter. The investment's value could more than double if Anthropic goes public at a valuation of up to $2 trillion.

Spark Capital, the only venture capital firm known to hold a board seat at Anthropic, invested $75 million in 2023. Its stake is now valued at approximately $7 billion. Yahoo Finance Reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) SAIQ: WISeSat.Space Holdings Corp.
Total gain: +24.81%

2) RNG: RingCentral, Inc.
Total gain: +15.79%

3) SVC: Service Properties Trust
Total gain: +12.54%

4) CCM: Concord Medical Services Holdings Limited
Total gain: +12.00%

5) GMTL: Guardian Metal Resources PLC
Total gain: +11.46%

The closing price of the top three market percent gainers trading near or above $2 on Oct 22.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) TANH: Tantech Holdings Ltd
Total gain: +181.84%

The stock appeared to be moving on no notable news.

2) XLAB: Exascale Labs Holdings Inc.
Total gain: +73.16%

The stock appeared to be moving on no notable news.

3) YHC: LQR House Inc.
Total gain: +39.66%

The stock appeared to be moving on no notable news.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

KNYJY

KONE

Q3 2026

After Market Close

Estimate: 0.310

Actual: 0.260

VLVLY

Volvo

Q3 2026

After Market Close

Estimate: 0.580

Actual: 0.550

NHYDY

Norsk Hydro

Q3 2026

After Market Close

Estimate: 0.310

Actual: 0.240

Time (ET) / Report / Period

• 9:45 AM / US Flash Manufacturing PMI / Oct.
• 9:45 AM / US Flash Services PMI / Oct.
• 10:00 AM / U. Michigan Final Consumer Survey / Oct.

“The market is not a computer calculating the correct price; it is a psychological battleground.”

— Robert Shiller
Sourced in: NobelPrize.

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