AMD CEO Lisa Su said she is seeing strong demand signals across the company’s product portfolio, with data center demand still very strong. Citi analyst Atif Malik raised his AMD price target to $800 from $575, citing expectations for stronger CPU demand after Meta’s launch of its Muse AI agent. Malik also said he expects the CPU total addressable market to expand from $29 billion in 2025 to $300 billion in 2030.

In the 12 months through July, global investors made $942 billion in net purchases of U.S. equities. Net buying in Q2 alone reached $426 billion, up 62% year over year. U.S. foreign direct investment inflows totaled nearly $240 billion in the first half of 2026, more than doubling from a year earlier. Full-year 2026 inflows are projected to hit a record $480 billion, according to Merrill.

Long-term 2026 bonds issued by five major AI spenders—Oracle, Alphabet, Meta, Amazon and SpaceX—carry coupons above 6%, ranging from 6.25% to 6.85%. Over the same period, the 10-year U.S. Treasury yield rose 49 basis points in a month to 5.28%. The five companies’ uncommenced data-center lease commitments climbed to about $1.12 trillion from roughly $662 billion in late 2025. Oracle’s debt and leases equal 71.6% of its capital, compared with 15.9% at Alphabet, underscoring wide differences in balance-sheet leverage.

Nvidia shares hit a record high on Tuesday, lifting the chipmaker’s market capitalization to $5.83 trillion and putting it on track toward $6 trillion. The rally followed Foxconn’s report of $95.4 billion in sales for the quarter ending in September, beating estimates and fueling expectations of strong AI-server demand. Nvidia traded at a forward price-to-earnings ratio of 17.1 times as of Monday’s close, while analysts’ consensus price target stood at $334.45, according to FactSet.

Hon Hai Precision Industry (Foxconn), a partner of Nvidia, said third-quarter sales rose 47% year on year to $95.4 billion, beating the market estimate of $89 billion. September revenue climbed 38% from a year earlier to NT$1.16 trillion, marking the company’s first month above NT$1 trillion. Bloomberg Intelligence expects Hon Hai’s revenue and earnings to sustain 25%–35% growth over the next few years, driven by demand for AI infrastructure.

Seven OPEC+ members decided on Sunday to keep their November oil output targets unchanged, with combined required production totaling about 31.0 million barrels a day. Saudi Arabia’s target is 10.478 million barrels a day, Russia’s 9.949 million, and Iraq’s 4.431 million. Shipping through the Strait of Hormuz remained extremely low, averaging about 3.7 vessels a day in September, far below the prewar 68. OPEC+’s monitoring committee warned that repairing damaged energy infrastructure is slow and costly.

From late July to mid-September, tech-exposed stocks in the S&P 500 rose 14% while the rest of the index fell 3%, underscoring a sharp concentration in returns. Microsoft led the Magnificent Seven after Azure growth materially exceeded expectations and Copilot adoption was strong. On July 30, Microsoft jumped more than 15%, its biggest one-day gain since 2008, adding about ~$450 billion in market value. The move was the largest single-day market-cap increase on record at the time.

Brent October futures settled at $93.78 a barrel, up 2.4%, while WTI October settled at $86.83. Crude transiting the Strait of Hormuz fell sharply from 21.6 million barrels a day to 4.9 million. Iran’s central bank governor said the country’s oil exports have virtually stopped. Global production in 2026 is forecast at 100.8 million barrels a day versus consumption of 102.7 million, widening the supply shortfall.

The US IPO market has raised $145.5bn in 2026, topping the full-year 2021 record of $142.4bn. SpaceX’s $75bn offering in June accounted for more than half of the total. SK hynix raised $26.5bn in the largest-ever US listing by a foreign company, while the Renaissance IPO Index is up 18.8% this year, beating the S&P 500. Anthropic and OpenAI have filed confidentially, keeping the pipeline active.