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Today is Tuesday, November 3, 2026.
The Early Bird Index today is 78.47.
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Apple Is Paying for AI 📱
Concerns over spikes in memory chip prices and AI costs impacting margins overshadowed Apple’s $AAPL ( ▼ 1.83% ) good financial results on Monday, sending the stock down 2.81% in after-hours trading.
Financials: Apple reported earnings of $2.10 per share in the past quarter and revenue of $114.5 billion. Both were better than expected.
Early Bird’s Nest Egg Gains: AI data centers are driving up the price of the memory inside Apple devices, while Apple’s own Siri AI rollout adds ongoing cloud costs.
Final Thoughts: Apple expects its gross margin to decline from the previous quarter. Investors do not like this.
Notables
Notable Earnings Today: Advanced Micro Devices (Nasdaq: AMD), Shopify (Nasdaq: SHOP), Super Micro Computer (Nasdaq: SMCI), Pfizer (NYSE: PFE), Block (NYSE: XYZ), Suncor Energy (NYSE: SU), Toast (NYSE: TOST), Marathon Petroleum (NYSE: MPC), Navitas Semiconductor (Nasdaq: NVTS), Arista Networks (NYSE: ANET), Booking Holdings (Nasdaq: BKNG), Yum! Brands (NYSE: YUM), Keurig Dr Pepper (Nasdaq: KDP), Philips (NYSE: PHG), Sysco (NYSE: SYY), Eaton (NYSE: ETN), Fiserv (Nasdaq: FISV), Dynatrace (NYSE: DT), Hecla Mining (NYSE: HL), BioNTech (Nasdaq: BNTX), Avis Budget (Nasdaq: CAR), DigitalOcean (NYSE: DOCN), Astera Labs (Nasdaq: ALAB), Energy Transfer (NYSE: ET), Amgen (Nasdaq: AMGN), Apollo Global Management (NYSE: APO), ADM (NYSE: ADM), American Financial (NYSE: AFG), American International (NYSE: AIG), Ametek (NYSE: AME), Assurant (NYSE: AIZ), Ball Corp (NYSE: BALL), Broadridge Financial (NYSE: BR), Coupang (NYSE: CPNG), DuPont (NYSE: DD), Essential Utilities (NYSE: WTRG), Expeditors International (NYSE: EXPD), Ferrari (NYSE: RACE), International Flavors (NYSE: IFF), Jack Henry (Nasdaq: JKHY), Leidos (NYSE: LDOS), MPLX LP (NYSE: MPLX), Omega Health (NYSE: OHI), Ovintiv (NYSE: OVV), Prudential (NYSE: PRU), Revvity (NYSE: RVTY), Skyworks (Nasdaq: SWKS), SM Energy (NYSE: SM), Unum Group (NYSE: UNM), Waters (NYSE: WAT).
Notable IPOs Today: Deep Sea Minerals Corp. American Depositary Shares (Nasdaq: SEAM).
Notable Equity Crowdfunding Campaigns Ending Today: Nosh Franchise (StartEngine), Café del Mar Spirits (Crowdcube).
Notable Economic Events Today: S&P Global Manufacturing PMI (9:45 a.m. ET), JOLTS Job Openings (10:00 a.m. ET), Factory Orders (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).
Palantir's Milestone Ignored

Palantir $PLTR ( ▼ 3.13% ) posted good financial results on Monday that marked the first time the company’s U.S. commercial revenue has surpassed U.S. government revenue, yet the stock fell 2.99% in after-hours trading.
Financials: Palantir reported earnings of 44 cents per share in the past quarter and revenue of $2.3 billion. Both were better than expected.
Final Thoughts: The stock is down over 13% in the last 12 months.
ON Semiconductor’s New Acquisition
ON Semiconductor $ON ( ▼ 2.18% ) reported good financial results on Monday and announced that it is acquiring tech company Ferric for $600 million. The stock ticked up 0.50% in after-hours trading.
Financials: Onsemi reported earnings of 90 cents per share in the past quarter and revenue of $1.72 billion. Both were better than expected.
Final Thoughts: As a result of the acquisition, Onsemi raised its 2030 AI data center revenue target by $500 million to over $3 billion.
Trends to Watch
Lowering the Valuation: Anthropic Investors Push for Cautious Valuation Closer to $1.5 Trillion (Wall Street Journal)
AI Acquisition: Marvell, Lumentum tout historic $115B deal to create ‘category leader’ in AI connectivity (Fox Business)
Another One: Mercado Bitcoin, Brazil’s largest crypto exchange, hit by $46 million security breach (The Block)
The Real Concern: AI poses greater threat to Bitcoin than quantum computing, Swan founder says (Cointelegraph)
Good Results: Roku Delivers Another Stellar Quarter: Q3 Sales Soar 24% as Media and Entertainment Ad Spending Sees Biggest Growth in Four Years (Variety)
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