Global Market Insights: U.S. Stocks Rise, AI & Crypto News
Wall Street’s riding high into November after a powerhouse October. Big Tech is back in the spotlight, AI deals are breaking records, and commodities are flexing their muscles. But under the surface, traders are balancing bullish momentum with a growing list of unknowns, from a U.S. government shutdown freezing key data to global trade negotiations still hanging in the balance.
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U.S. Stocks Keep Climbing
Stocks concluded October with broad gains. The Dow, S&P 500, and Nasdaq continued to climb, but in all the action at the end, the tech-heavy Nasdaq outperformed once again, a clear indication that the AI narrative keeps propelling risk appetite.
Earnings season delivered more hits than misses. Large companies like Microsoft, Google, and Amazon reported better-than-expected results, and their optimistic outlook gave traders some tangible support. The tone was optimistic, even as the ongoing government shutdown cast clouds over insights into the broader economy.
What kept markets moving? Confidence in corporate results, and faith that the Fed’s rate cuts will keep liquidity flowing. The result: steady gains, lighter volatility, and a renewed hunger for risk.
This week, all eyes turn to Palantir and AMD, two of the biggest AI-linked earnings plays on the calendar. Uber and McDonald’s will also test the strength of the consumer, and by extension, the service sector’s resilience. With critical U.S. data delayed, private-sector indicators will take center stage.
- Dow Jones Futures: 47,686 (-0.08%)
- S&P 500 Futures: 6,889 (+0.23%)
- Nasdaq 100 Futures: 26,143 (+0.54%)
Palantir Leads the AI Parade
Few names embody the AI boom like Palantir Technologies. The company continues to dominate headlines with its rapid expansion into both government and enterprise sectors. Its AI-driven defense contracts and new commercial partnerships have already prompted two revenue upgrades this year, a rarity in 2025’s cautious tech landscape.
On October 31, Palantir’s stock reached a record high of 204.18. Palantir’s stock has increased 165% in 2025 as of the market opening on November 3. Q3 revenue came in at $1.09 billion, up sharply from last year. That kind of growth doesn’t go unnoticed. Investors see Palantir as a key beneficiary of the AI infrastructure wave that’s reshaping global tech.
Close behind, Advanced Micro Devices (AMD) is set to post results that could reinforce the same story from a hardware angle. AMD’s AI chip division, powered by deals with OpenAI and the U.S. Department of Energy, will provide a read on whether AI demand is translating into sustained revenue growth.
Both companies are at the intersection of hype and performance, and their results will test just how far the AI trade can stretch before valuations start to look overcooked.
Data Blackout: Trading Without a Compass
Markets thrive on data. Without it, volatility can sneak in fast. The ongoing U.S. government shutdown has paused major economic releases, including the nonfarm payrolls and JOLTS job openings reports, leaving traders to navigate blind spots in the macro picture.
The Fed’s 25 bps rate cut to 3.75–4.00% has already set the tone for a more accommodative environment. But the central bank’s next move depends on labor data that simply doesn’t exist right now. In the absence of official figures, private-sector releases like the ADP employment report and ISM manufacturing survey are taking on outsized importance.
For short-term traders, that means more noise and sharper moves. With fewer anchors to fundamental data, markets are reacting harder to sentiment and speculation, a setup that rewards traders who stay nimble.
Oil Holds the Line After OPEC+ Decision
Following OPEC+’s decision to postpone production increases until early 2026, oil markets stabilized. In order to balance worries about oversupply against new geopolitical risks, Brent and WTI futures remained stable around the mid-$60 levels.
Russian exports remain a wildcard, with Black Sea drone attacks adding to the uncertainty. At the same time, slowing Chinese demand has tempered optimism for near-term price rallies. The market is torn between tightening supply conditions and weakening consumption, a push-pull dynamic that has defined much of 2025’s oil trade.
Meanwhile, energy giant TotalEnergies struck a more bullish tone, pointing to India and other emerging markets as key growth components for the next cycle. But, most analysts agree that rising output and weak Asian manufacturing data could cap gains through year-end.
- Brent: $64.71(-0.09%)
- WTI: $60.91(-0.11%)
- OPEC+ December Output Rise: +137,000 bpd
Gold and Metals Find a Foothold
After two weeks of constant decline, gold finally managed to find its footing. A stronger dollar and cautious Fed messaging kept gains limited, but geopolitical unease and a cloudy macro outlook continue to support the safe-haven trade.
While industrial metals like copper continued to be under pressure due to China’s weak factory output, silver and platinum saw substantial recoveries. In order to boost metal prices in 2026, traders are keeping an eye out for indications of a recovery in demand, especially from infrastructure and renewable projects.
- Gold Spot: $4,017 (+0.35%)
- Silver Futures: $48.69 (+0.01%)
Crypto Breaks Its “Uptober” Streak
For the first time in 7 years, Bitcoin failed to deliver a positive October. The world’s biggest crypto dropped amid fading U.S. retail enthusiasm and lingering macro uncertainty. Additionally, the Coinbase premium flipped negative, a clear signal that selling pressure is coming from the U.S.-based investors.
The same could not be said of altcoins, however. Ethereum, BNB, XRP, Solana, and Cardano all ended up posting double-digit declines. One could say a clear indication that traders remain wary of chasing serious risk in digital assets.
Crypto is still in consolidation mode, patiently waiting for a stronger catalyst, more transparent regulations, or an ETF inflow to spark momentum. While traditional markets celebrate a risk-on rally.
- Bitcoin: $107,715 (-2.68%)
- Etherum: $3,707 (-3.93%)
IREN Scores $15B in AI Cloud Deals
AI infrastructure just got another massive boost. IREN Limited announced back-to-back deals, a $9.7B GPU cloud partnership with Microsoft and a $5.8B agreement with Dell Technologies, sending its shares surging 24% in premarket trading.
The deals highlight the explosive growth in GPU cloud capacity as global demand for AI compute power hits new highs. IREN’s vertically integrated model gives it an edge in scaling infrastructure faster than competitors, making it one of the newest heavyweights in the AI cloud ecosystem.
- Microsoft AI Cloud: $9.7B
- Dell GPU Purchase: $5.8B
Memory Market Heats Up
Memory and storage names caught fire this week as Samsung delayed DDR5 price adjustments, signaling tightening supply. Micron, SanDisk, Western Digital, and Seagate all moved higher, riding a wave of bullish sentiment tied to AI and data center demand.
The surge in spot prices underscores a simple truth: data is the new oil, and the world can’t get enough of it. Traders watching the semiconductor space are betting that memory prices will remain firm into 2026, especially as AI workloads expand globally.
- Micron: +4.1%
- SanDisk: +6.1%
- Seagate: +2.8%
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