AlphaSpace

$GOOG just had its worst day ever.

$INTC beat on earnings, but it sees the PC slowdown lasting into next year.

$RIVN’s revenue rose 38% to about $2.2 billion last quarter, above Wall Street’s $2.02 billion estimate.

$CROX’s HEYDUDE brand is growing again, and so is its profit forecast. Its sales hit $1.04 billion last quarter, above Wall Street’s $1 billion estimate.

Software stocks are in the red after disappointing outlooks from $NOW and $FTNT.

$MRVL is reportedly in talks to buy Lumentum, and investors are worried about the cost. Lumentum, which makes lasers for AI data centers, is worth more than $80 billion.

$LLY hit a record high after raising its sales forecast for the year.

$NOW beat on revenue, but it expects contract growth to slow. The company sees its 12-month contract backlog growing 18.5% this quarter, below Wall Street’s 19.8% estimate.

$DASH beat on revenue the same morning it agreed to buy Instacart.

$CAT beat on earnings, but it didn’t raise its sales forecast for the year.

$GOOG missed on profit, and its core search business disappointed. Search revenue grew 12% last quarter, slower than Wall Street expected.

Google stock fell in after-hours trading Wednesday after the company missed third quarter revenue projections on weaker-than-expected ad sales, even as Google Cloud grew 103%. Read more: yhoo.it/3WxbbWQ

$NFLX hit a new 52-week low. Its price-to-earnings ratio of about 18 is near its lowest level in a decade.

Nvidia is worth $121 million per employee. Anthropic could be worth three times that. 😮 Read more: yhoo.it/4i3RKNO

Brazilian stocks plunge after president Luiz Inácio Lula da Silva pulled off a surprising runoff election victory. The iShares MSCI Brazil ETF, which tracks Brazilian stocks, dropped as much as 24% early Monday. If sustained, it could mark the index's biggest single-day decline since it began trading in July 2000.

Brazilian stocks plunge after Luiz Inácio Lula da Silva's surprising election victory. 📉