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U.S. stocks rose; Apogee surged 10% on strong results and raised guidance, while Option Care, Ginkgo, PacBio and others posted double-digit gains.
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Astera Labs dropped 16.5% in an AI sector sell-off despite having no debt and $1.25 billion in cash. The author recommends buying the dip, citing the company's recent launches of PCIe 7 Aries chips and Orion rack-scale design, along with upcoming Q3 earnings on November 3rd. However, the stock trades at high multiples and depends on a few large customers, making it volatile.
While Micron Technology has surged 350% over the past year, the article argues that three alternative memory stocks offer better value and growth prospects: SK Hynix delivers higher sequential growth and lower valuation, Sandisk shows faster expansion with long-term customer contracts, and Astera Labs provides exposure to AI infrastructure with accelerating guidance.
The SOX fell eight straight sessions for the first time since 2008. Cantor’s C.J. Muse says equipment is sold out as JPMorgan upgrades Intel.
The Zacks Glass Products industry is positioned for growth driven by rising demand for sustainable glass packaging, increased construction activity, and technological innovations like smart glass windows. The industry ranks #7 among 247 Zacks industries with positive earnings outlook. However, the sector has underperformed the S&P 500 by 28.6% over the past year. Apogee Enterprises and O-I Glass are highlighted as stocks to watch, with Apogee showing stronger momentum and a #1 Strong Buy rating.
AST SpaceMobile has scheduled its third-quarter 2026 business update conference call for November 9, 2026.