AnalytixInsight

Last week, major indexes rose for the sixth straight week. Dow Jones rose, ~1% and a hit a record high Friday, S&P 500 was up 0.85%, and hit a record close Friday, Nasdaq composite rose 0.8%. Chinese robotaxi firm, Pony AI filed for a US IPO. Zuora, which sells software for businesses to manage subscription billing, has agreed to be bought by private equity firm Silver Lake and Singaporean sovereign wealth fund GIC for US$1.7 billion. Uber reportedly explored a possible bid for Expedia in a ‘super app’ growth push. Stripe is in talks to acquire Bridge for US$1 billion, Stripe has made it clear that crypto is a huge priority for the company. Billionaire investor Stanley Druckenmiller said he regrets selling his entire Nvidia stake, and is looking to buy again. Shares in semiconductor equipment maker ASML fell 16% on Tuesday, after the Dutch company published financial results a day early, issuing disappointing sales forecasts. TSMC’s profit rose 54% on AI demand. Netflix stock hit an all time high in Q3 results. Amazon and Google are also investing in nuclear power and backing small nuclear reactors. iPhone reportedly had its best ever and nearly topped Samsung globally per research firm Canalys. In Canada, a Hong Kong billionaire increased their stake in Well Health Technologies with a $81-million private share purchase. Sophic Client, Kraken Robotics filed its final short form prospectus in connection with its bought deal public offering. The Company also received $13 million of subsea battery orders. Sophic Client, Intermap announced that Česká podnikatelská pojišťovna (ČPP), a subsidiary of the Vienna Insurance Group subscribed to Intermap’s innovative solution for determining the market price of real estate properties. Sophic Client, American Aires and MBM Motorsports partnered to protect NASCAR Cup team from in-race EMF radiation in an innovative sponsorship.