Artiva Biotherapeutics down 30% in pre-market trading

According to market sources, AMD (AMD.O) will invest $1 billion in Meta Platforms' (META.O) equity offering. AMD and Meta Platforms are advancing a strategic partnership to provide computing power support for Meta's superintelligence infrastructure.

Fed's mouthpiece Nick Timiraos wrote that when Walsh took office, the Federal Reserve was shifting into a tightening cycle. Historically, such periods are when forward guidance plays a key role. Forward guidance is commonly believed to have originated during the 2008-2009 period and the subsequent ultra-loose monetary policy era, as the Fed heavily relied on this tool when interest rates hit the "zero lower bound". In reality, however, forward guidance dates back to 1999, when Fed officials sought to reverse the 1998 rate cuts while avoiding a repeat of the 1994 rate hike—when insufficient communication caught markets off guard. As a result, in May 1999, the Fed made its first attempt to issue a policy statement after a meeting where interest rates were held steady; prior to this, the Fed only released statements following rate-adjusting meetings. Six weeks later, the Fed raised rates. Minutes from the May 1999 meeting show officials were well aware of the high likelihood of a rate hike and aimed to guide market expectations, as they did not want markets to misinterpret their policy intentions.

Full-stack computing power company Luxor Technology Corporation announced the completion of a $16 million strategic financing round. The round was led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead and other angel investors. It includes both new share issuances and secondary share transfers. All investors are participants in Luxor’s computing power supply chain, with businesses spanning hardware, capital and power. The financing comes after Luxor launched its Luxor AI business in September, which extends the company’s expertise in energy, hardware, software, computing power trading and data infrastructure—built in the Bitcoin mining sector—into the artificial intelligence and high-performance computing markets.

Prominent American angel investor and co-host of the All-In podcast Jason Calacanis has called on his followers to sell their Bitcoin and shift investments to artificial intelligence. Speaking on Tuesday, he stated that a brutal year for Bitcoin has only just begun, and made three predictions: Bitcoin ETF outflows will persist; the Bitcoin price will retest the $57,000 low within the next 12 months; and Bitcoin will never again surpass its all-time high. Calacanis said, "Just sell Bitcoin and move into the superintelligence space. The former has almost no value, while the latter offers unlimited upside potential for humanity." (Unchained)

According to a Wall Street Journal report, Janus Henderson will launch JQQQ, its first licensed tokenized fund tracking the Nasdaq 100 Index. The fund will leverage Centrifuge’s technology and be deployed on the Stellar blockchain. Initially, JQQQ will be open to eligible professional investors outside the U.S., with a minimum investment of $100,000.

Key pre-market news for US stocks on Tuesday is as follows: 1. Anthropic plans to go public in the week of November 16, with a potential fundraising of $100 billion. On the day Anthropic filed for its IPO, it was sued by the US government, and the Claude ban has affected commercial clients. 2. Nvidia will invest $30 billion in Meta’s equity offering, expanding their collaboration on AI infrastructure and models. 3. TSMC is reportedly planning to raise advanced packaging prices by 10% to 20%, putting cost pressure on Nvidia and AMD. 4. Goldman Sachs: AI’s impact on trading has surpassed oil prices, driving divergence in global asset performance. US retail stock trading activity has dropped 45% from the end of last year, and stock supply in 2027 may hit a 26-year high. 5. Corning’s Q3 core EPS came in at 91 cents, beating the market estimate of 89 cents. It projects Q4 core EPS between $0.96 and $1.00 (vs. market estimate of 93 cents) and Q4 core sales of $5.2 billion to $5.3 billion (matching the market estimate of $5.2 billion). 6. Coca-Cola (KO.N) beat Q3 earnings expectations and raised its full-year performance guidance. 7. Bernstein cut Coinbase’s price target to $250, maintained Robinhood’s $160 price target, and lifted Circle’s price target from $140 to $145.