Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

Crypto hardware wallet firm NGRAVE has released a security advisory disclosing that it is currently under an advanced cyber threat, with its team actively monitoring and addressing the situation. As a preventive step, the company is cautioning users to watch out for impersonation attempts of NGRAVE via messages, emails, notifications, websites, or customer service accounts. NGRAVE stresses that its official team will never request users’ recovery mnemonics or Perfect Keys. Users should only input this information directly on the ZERO device’s screen when restoring their wallets, and must not enter it on mobile phones, computers, websites, or in customer service conversations, nor attach such details in emails sent to customer support.

According to Bitget data, South Korea’s KOSPI index rose 3.57% to 5,839.57 points. Samsung Electronics gained 5.63% and SK Hynix increased 4.03%.

According to Bloomberg, Chase Lochmiller, CEO of AI compute supplier Crusoe, said at the Bloomberg Invest conference in Dallas that the recent sell-off targeting emerging cloud service providers is "overreacted". Rival CoreWeave has struck some "very good deals" and is in a solid position currently. CoreWeave has been at the center of market concerns over the AI infrastructure boom and its massive debt financing. Its bonds have fallen to distressed levels this month, and its stock price has dropped more than 30%. Lochmiller noted that Crusoe’s AI cloud compute business still faces strong and widespread demand. Crusoe is involved in developing the flagship Texas data center for the OpenAI-Oracle Stargate project, while also providing AI cloud compute power. The company closed over $3 billion in financing last month, with a valuation of around $30 billion. However, people familiar with the matter previously told Bloomberg that some tech companies have doubts about Crusoe’s ability to get large data centers operational and sustain their operations. Earlier this year, Oracle and OpenAI opted not to lease additional capacity for its Abilene, Texas project, and the space was later taken by Microsoft.

Seagate Technology released its first-quarter fiscal 2027 financial results for the period ended October 2, 2026, reporting revenue of $4.23 billion, up roughly 61% year-over-year and beating analyst expectations of $4.11 billion. Adjusted earnings per share (EPS) came in at $7.68, exceeding the forecast of $7.39. AI infrastructure development continues to drive demand for the company’s data storage products, with margins improving notably. The first quarter’s GAAP gross margin rose to 57.3% from 39.4% in the year-ago period; non-GAAP gross margin climbed to 57.8% from 40.1%, while non-GAAP operating margin jumped to 50.7% from 29.0%. Cost of revenue grew only around 13% year-over-year, lower than the revenue growth rate. On the cash flow front, quarterly operating cash flow hit $1.69 billion, and free cash flow reached $1.479 billion, up roughly 246% year-over-year. Both gross margin and free cash flow set new record highs, and the company raised its quarterly dividend by approximately 3% to $0.76 per share. Seagate projects its second fiscal quarter revenue will be $4.8 billion (with a range of plus or minus $100 million), and adjusted EPS of $9.20 (plus or minus $0.20), both higher than prior analyst estimates of $4.55 billion in revenue and $8.66 in EPS. CEO Dave Mosley stated: “Data creation, retention, and reuse continue to drive storage demand growth, and visibility into long-term customer demand supports our judgment of a multi-year growth cycle. Our Heat-Assisted Magnetic Recording (HAMR) technology roadmap will meet growing storage needs by increasing hard disk areal density while maintaining supply discipline.” Despite the better-than-expected results and second-quarter guidance, Seagate’s stock fell more than 8% in after-hours trading, according to data from BIT Stock Platform. The stock closed regular trading at $667.85 on the day, with a year-to-date gain of nearly 150%.

According to a report from The Information, OpenAI plans to purchase Google's artificial intelligence chips.

According to data from Bitget, South Korea’s KOSPI index opened 116.95 points higher on Wednesday, October 28, with a 2.07% gain, at 5755.29 points. Samsung Electronics rose 2.9% and SK Hynix increased by 2%.