Trump congratulated the Democrats on their election win, stating he looks forward to working with them.

Bithumb will list MAGMA on its KRW (Korean won) market.

South Korean securities firm Meritz Securities pointed out that memory chip makers currently have far more 2027-2028 orders than their production capacity. Even if the U.S. Democratic Party gains an upper hand in the midterm elections, leading to delays or adjustments in some data center projects, it will not fundamentally reverse the memory chip supply shortage. Meritz noted that this year, memory chip order fulfillment rates (the ratio of available supply capacity to order volume) have stayed at a low 80% to 85%, driving sharp increases in memory chip prices. It forecasts the supply-demand gap will further widen by 2027, with the order fulfillment rate possibly dropping to around 80%. Separately, during OpenAI CEO Sam Altman’s recent visit to South Korea, he requested custom storage products including HBM from SK hynix and Samsung Electronics for 2027-2030, with demand even exceeding the two firms’ available supply capacity. Community user Teng Yan added that Samsung stated in an October 29 conference call with Meritz that it has signed multi-year storage supply agreements with 10 major clients, while an equal number of clients are in negotiations. Storage demand has also expanded beyond cloud service giants and AI server manufacturers to more sectors. As such, the slowdown in U.S. data center approvals will only impact a portion of orders and is unlikely to alter the overall tight supply-demand landscape.

According to Bitget market data, AI regulatory concerns have hit Japan and South Korea's stock markets. The Nikkei 225 index closed down 1110.73 points, or 1.79%, at 61077.90 points. South Korea’s KOSPI index ended 300.15 points lower (down 5.28%) at 5383.65 points, while the South Korean KOSDAQ index fell 5.11%, triggering circuit breakers during intraday trading and leading to a temporary suspension of program trading. SK Hynix dropped 9.45%, and Samsung Electronics fell 7.56%.

Beating AI Express News: Meta has acquired AI coding tool Conductor. Founder Charlie Holtz announced the team will join Meta’s Superintelligence Lab (MSL) to develop new products alongside Nat Friedman and Alexandr Wang. Conductor is a tool for managing multiple coding agents simultaneously, supporting Claude Code, Codex, Cursor, and OpenCode. It assigns tasks to different agents, enabling them to work in parallel on separate code branches. Developers can track progress, review code changes, and merge results all within a single interface. Launched in July 2025, Conductor secured a $22 million Series A funding round just this past March. Its official website notes it has over 100,000 active developers. However, the acquisition means the original Conductor service is being phased out: new user registrations and downloads will stop on November 4. The cloud version will switch to read-only access on November 13, fully shut down on November 20, and cloud user data will be deleted at that time. The local version will remain usable temporarily, but will also be phased out starting in early 2027. Holtz added that the team plans to launch a new developer tool interface early next year. Some community users have expressed disappointment over the shutdown, with many already seeking alternative tools, while others are calling for Conductor to be open-sourced.

HSBC has cut Arm Holdings' price target from $230 to $215, while raising Visa's price target from $375 to $465.

US President Donald Trump stated that if Democrats take control of Congress next year and initiate impeachment proceedings against him, it will "destroy" the Democratic Party.