Watch $NVDA and $TSM into Monday open, $SSNLF and $SKHY in Seoul Monday, and $MU for HBM margin read. If TSMC 3nm capacity talk hits, Samsung foundry option becomes the swing and HBM pricing power shifts back to Nvidia.
Not financial advice.
For Samsung this is a concession after years of pushing its own 4nm turnkey HBM4 and HBM4E, and it opens the door for Samsung foundry to try to win back NVHBM volume later if TSMC capacity tightens.
Watch $NVDA and $TSM into Monday open, $SSNLF and $SKHY in Seoul Monday, and $MU for HBM margin read. If TSMC 3nm capacity talk hits, Samsung foundry option becomes the swing and HBM pricing power shifts back to Nvidia.
Not financial advice.
For Samsung this is a concession after years of pushing its own 4nm turnkey HBM4 and HBM4E, and it opens the door for Samsung foundry to try to win back NVHBM volume later if TSMC capacity tightens.
When the Nasdaq falls more than 2 percent into the weekend, it shows buyers are still stepping back from Nvidia ($NVDA), Micron ($MU), Broadcom ($AVGO) and AMD ($AMD) and the Korean names Samsung Electronics ($SSNLF) and SK Hynix ($SKHY) that track them.
Watch 10 year yield holding near 5 percent into next week, Nvidia ($NVDA) and Micron ($MU) futures Sunday night, and whether the Dow Jones ($DJI) can hold 52,000 after defending it twice this week.
This matters because it is the second straight day of heavy selling in the AI chip chain after Thursday's PPI spike to 6.3 percent and the 2 trillion dollar wipeout flagged on Oct 15.
Wall Street stocks closed lower today as tech led the drop, reported on Oct 17 at 06:30 UTC with the S&P 500 ($SPY) falling 1.10 percent to 7,658.62 and the Nasdaq ($QQQ) dropping 2.15 percent to 26,137.85, while the Dow Jones ($DJI) shed 189.01 points to 51,990.05.
If this thesis plays out, Q3 beats the low-30s guide and the stock takes out $182.19. The trend stays up. Targets get rewritten. If it loses $164 instead, forget everything above. Educational only. Not financial advice.
Shopify ($SHOP) just outran Wall Street. The average target sits below the $178.14 stock. Five upgrades in 10 days. And Meta's AI now checks out through Shop Pay. The rerating is outpacing the raters. π§΅
Near Term: Q3 earnings Nov 3. The next forcing event.
Long Term: agentic commerce repricing the platform's take rate.
Levels: $172β175 entry zone. Below $164, I'm wrong.