Crypto Pulse—TradFi

Overview Closing at $66.60 USD on the New York Stock Exchange on November 3, 2026 at 16:00 EST (November 4, 2026 at 05:00 SGT), Uber Technologies (NYSE: UBER) exhibits a daily technical structure defined by overhead moving-average compression paired with short-term base-building above its October 29 52-week low of $64.04: the share price sits 5.83% below its 50-day simple moving average ($70.72) and 8.97% below its 200-day simple moving average ($73.16), while its 14-day Relative Strength Index

Marvell Technology (NASDAQ: MRVL) shares fell 12.72% to $171.41 on November 2, 2026, while Lumentum (NASDAQ: LITE) dropped 18.59% to $684.40, after the companies announced a $115 billion all-stock acquisition agreement.The selloff came despite Lumentum reporting strong quarterly earnings and securing more than $5 billion in purchase commitments for advanced optical technologies.The key issue is the deal's structure: Lumentum shareholders will receive 4.5 Marvell shares for each LITE share, meani

Overview Cash flow and autonomous investment are not yet in genuine tension, because autonomy has barely reached the cash flow statement. Uber has committed more than $10 billion to autonomous vehicles and ordered 120,000 of them, while autonomous trips account for under 0.5% of platform volume, equity stakes are funded against milestones, and the company is working with third-party financial sponsors to move vehicle offtake off its balance sheet. What actually affects cash flow quality today is

Palantir reported Q3 2026 revenue of $2.313 billion on November 2, up 96% from a year earlier and ahead of the $2.18 billion LSEG estimate, its first quarter above $2 billion.It raised its full-year revenue guidance to $8.530–8.534 billion from $8.150–8.158 billion, and guided Q4 revenue of about $2.65 billion against the $2.46 billion analysts expected, Reuters reported.Shares swung in extended trading, rising almost 1% at first before dipping about 3%, as investors weighed the beat against a v

Overview The decline was not about the quarter just reported but about December quarter guidance, where gross margin and operating expenses turned unfavourable at the same time. Apple guided holiday gross margin to 45% to 46%, against the 47.9% just reported, of which roughly 1 percentage point came from tariff refunds as a one-off, leaving about 46.9% underneath. At the 45.5% guidance midpoint, that is a sequential decline of about 1.4 percentage points. Operating expenses are guided to $20.4 b

Apple reported fiscal Q4 2026 revenue of $114.48 billion on November 2, up 12% from a year earlier and ahead of the $113.39 billion LSEG estimate, with diluted EPS of $2.10 against $1.99 expected.The beat was not what moved the stock. Apple guided December-quarter gross margin to 45%–46%, down from 47.9%, because of higher memory-chip costs, and Services growth to 8%–9%, below the roughly 10.7% analysts expected.Shares were little changed after the release, then fell about 4% during the conferen

Overview Data center growth reaches Arm's revenue through two routes, the royalty rate per chip and unit volume, and the rate is currently doing more of the work. The company has disclosed that compute subsystem royalty rates run at roughly twice those of a standalone Armv9 processor licence, with later generations reaching three times, while Armv9 accounts for only about 33% of royalty revenue, leaving roughly 67% still on earlier and lower-rate terms. That explains how data center royalties mo

Overview The growth coming from automotive and AI is not yet enough to offset the contraction in handsets. At the third-quarter run rate, non-handset revenue inside Qualcomm's chip segment annualises to roughly $13.6 billion, against a company target of $40 billion in non-handset revenue by fiscal 2029, which requires nearly tripling in three years at an implied compound rate of about 43%. In the quarter now being reported, consensus has revenue falling 10.0% and earnings per share falling 27.7%

Overview AI capital expenditure does not become networking revenue in the same quarter. The sequence of data centre construction sits in between, and the measurable bridge is deferred revenue and purchase commitments rather than the capex line in a cloud provider's accounts. Arista Networks closed the second quarter with deferred revenue of $6.9 billion, equal to 2.09 times its third-quarter revenue guidance, and purchase commitments of $9.7 billion, up 9% from $8.9 billion and equal to 2.94 tim

Overview The open question is not whether GMV and revenue kept growing but whether that growth converts into a higher margin within the guided range. Working through the third-quarter guidance Shopify issued alongside its second-quarter results, the implied operating income spans $440 million to $534 million, equal to an operating margin of 11.5% to 14.0% against 12.1% in the third quarter of 2025. The low end of guidance therefore implies margin compression and the high end implies clear expans