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More →SpaceX helps AI hardware stocks rebound by about $274 billion.
Benzinga reports that SpaceX ($SPCX), after suffering a $1.6 trillion monthly decline, helped AI hardware stocks rebound by approximately $274 billion. Its AI division achieved profitability in the third quarter, and Elon Musk stated that compute demand still exceeds capacity.
Goldman Sachs explores acquisition of Celnor, valued at approximately £900 million.
According to CoinWorld news, Goldman Sachs Asset Management is exploring the acquisition of Celnor, a testing business under Inflexion, in a potential deal that would value the latter at approximately £900 million.
Bailey defends speaking out over Trump's attacks on Powell
Bank of England Governor Bailey said he was right to act at the time to defend then-Federal Reserve Chair Jay Powell against attacks from Trump, and that he would do so again. Bailey said he and other central bank governors spoke out because the US president began targeting Powell "as an individual" rather than the institution's policies. "I only commented when I felt it was an attack on him personally and on the character of a friend," Bailey said. "I regard Jay as a friend, and he is a person of the utmost integrity. Saying at the time, 'I'm sorry, we will support our friend,' was the right response, and I know I would do it again." Bailey had previously said he was "very concerned" about Trump's attacks on Federal Reserve officials, warning that any trend undermining central bank independence could spill over to other parts of the world.
AI discovers critical PHP security vulnerability, forcing the government to take websites offline.
According to BBC, AI has discovered two critical security vulnerabilities in the PHP programming language, which underpins much of the internet, forcing multiple governments to take related websites offline. Security firm Wiz described the vulnerabilities as "the most severe security flaws" the technology has found to date.
The Nasdaq 100 index rose 1%, and the S&P 500 rose 0.4%.
CoinWorld news: The Nasdaq 100 index rose 1%, the S&P 500 index rose 0.4%, and tech stocks rebounded. Super Micro ($SMCI) shares rose 12%, raising its first-quarter revenue forecast to $18.5 billion to $19.5 billion, with strong gross margins expected, showing resilient demand for AI servers. SpaceX ($SPCX) shares rose 8%, reporting a profit as a public company for the first time, while Elon Musk mentioned a potential Tesla merger. Dell, HPE, and Nvidia also rose, helping restore market confidence after last week's AI selloff. The rebound came after the Philadelphia Semiconductor Index suffered its longest eight-day decline in 18 years.
Causing 285 Houthi fighters to be killed, wounded, or rendered combat-ineffective.
CoinWorld news: The Yemeni Armed Forces stated that over the past 24 hours they launched 835 precision strikes against Iran-backed Houthi forces, resulting in 285 Houthi fighters killed, wounded, or rendered combat-ineffective.
Putin has agreed in principle to resume trilateral talks between Russia, the United States, and Ukraine, with Abu Dhabi possibly chosen as the venue.
Coin World news, according to Reuters and Axios, the Kremlin said that Russian President Putin told U.S. special envoy Witkoff on Wednesday that he "agrees in principle" to resume trilateral peace talks between Russia, Ukraine, and the United States around November 10 to end the Russia-Ukraine conflict, possibly in Abu Dhabi. Witkoff held a three-hour meeting with Putin in St. Petersburg that day and submitted to him the latest plan to end the Russia-Ukraine conflict. Trump special envoy Kushner participated in the talks via video. Witkoff told Putin that the Oslo talks had made progress and hoped both sides would consider resuming trilateral talks among Russia, the United States, and Ukraine and allow technical experts to participate in discussions of specific issues. He also submitted to Putin multiple documents on a peaceful resolution of the Russia-Ukraine conflict. In addition, Putin also raised with Witkoff the possibility of discussing Russia playing a mediating role between the United States and Iran. Putin said that Russia and Iran have established a special relationship of mutual trust for decades and are willing to help resolve the current crisis.
The $5 trillion AI data center boom faces pressure to deliver investor returns
As AI data centers boom, global demand for AI computing is expected to require $520 billion in investment by 2030. However, investor concerns about returns are growing, mainly due to rising debt, power shortages, and uncertain profits. Building modern AI facilities requires more than just expensive processors; it also involves multiple inputs such as land, power, cooling systems, and network construction. Most of these costs are incurred before customers generate substantial revenue, making the financing gap particularly dangerous when construction is delayed. While Microsoft, Amazon, and Google can use cash from mature businesses for large-scale investment, smaller infrastructure operators need to borrow frequently. JPMorgan estimates that roughly $2 trillion of infrastructure expansion may ultimately be financed through the investment-grade credit market.
Ken Griffin: AI is almost certainly a bubble
Coin World news: Citadel founder Ken Griffin said that artificial intelligence is almost certainly a bubble.
TEHRAN, Oct. 21 (Cailian Press) - Iranian Parliament Speaker Qalibaf met with Iran's Supreme Leader Mojtaba Khamenei.
According to a CoinWorld report, citing a Caixin News Agency dispatch dated October 21, Iranian Parliament Speaker Ghalibaf held a meeting with Iran's Supreme Leader Mojtaba Khamenei.