@marketsbynoor: Apple stock fell today. Even though Apple just reported the best September quarter ever with revenue up 12% to $114.5B. The reason their stock fell was memory chips. Same issue that Intel had. Memory chips are wayyyyy too expensive right now and this is hitting all these big companies margins. Reason they are so expensive is because all the datacenters need lots and lots of memory to run and they are buying all of it pushing prices higher. This is also the reason that your iPhone and Macs have now gotten more expensive too because Apple is just passing on these higher prices to the consumer. Chip companies are having a great day though with Sandisk up nearly 5% and Micro up nearly 3%. Everyone pays the prices for these higher memory costs but these guys are making an absolute killing. This also meant that the Nasdaq ended the day green. Not all AI stocks are doing great however. Palantir reported earnings and their stock went down despite them doubling revenues. The issue was that their new deals grew by only 6% which investors were not really moved by. Today is also election day and Americans are voting on who they want in. Right now odds look like the Democrats could win the senate but it’s still yet to be confirmed. This has also been an election day with oil at its highest price ever on an election day. Oil also has been going up and down all day. It jumped higher in the morning because of reports that the US had just conducted strikes on Iran. Later in the day it fell because new reports came out saying that peace deals were going good. Overall it’s closing the day marginally higher. Sysco a company which distributes food to restaurants, schools and hospitals also fell 9% today. They said that people are just not eating out as much anymore and fuel costs have also gone up which are eating away at their margins. #apple #palantir #nasdaq #stockmarkets #stockmarketnews

marketsbynoor

Open In TikTok:

Region: GB

Tuesday 03 November 2026 21:22:15 GMT