BlockBeats on Oct. 9 compiled a list of key US premarket developments centered on large-cap tech, semiconductors, space, and data center names. Morgan Stanley turned bullish on SpaceX with a $300 target price, citing long-term growth tied to enterprise AI, expanding compute capacity, and a rebuilding of US manufacturing. SpaceX separately said it had reached an agreement to acquire a nationwide portfolio of low-band spectrum assets. Apple is expected to hold a product launch around Oct. 27, with a touchscreen Mac and a new iPad mini reportedly in the pipeline, while Nikkei said weak demand has led the company to cut iPhone 18 Pro orders. In chips, Nvidia may adopt Intel’s Foveros packaging technology and is also said to be investing in rival D-Matrix. CoreWeave is in talks with South Korea over data center cooperation. Another report said Firmus, a data center company backed by Nvidia, is seeking $3 billion in financing after shelving its IPO plan. Separately, Netflix is reportedly undergoing a restructuring that could affect about 5% of staff, with an announcement possibly coming as early as next week.
BlockBeats on Oct. 9 listed several key items moving the US premarket session, spanning space, consumer electronics, semiconductors, streaming, and data center infrastructure.
Morgan Stanley is bullish on SpaceX and set a $300 target price. The bank cited long-term growth potential from enterprise AI, expanding compute capacity, and the rebuilding of US manufacturing. In a separate development, SpaceX said it had reached an agreement to acquire a nationwide portfolio of low-band spectrum assets.
Apple is expected to hold a product event around Oct. 27, with a touchscreen Mac and a new iPad mini anticipated. Nikkei also reported that Apple has cut iPhone 18 Pro orders because of weak demand.
In semiconductors, Nvidia may adopt Intel’s Foveros packaging technology. Another market report said Nvidia will invest in chip rival D-Matrix.
On the data center side, CoreWeave is discussing potential cooperation with South Korea on data centers. Firmus, a data center company said to have Nvidia backing, is seeking $3 billion in funding after putting its IPO plan on hold.
Netflix is also said to be in the middle of a restructuring. The move is expected to affect about 5% of employees, and the announcement could come as early as next week.
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