[US Stock Market Movement] TIM surges on October 5: Poste tender offer completed + telecommunications business
Bitget异动解读2026/10/05 13:35TIM October 5 Surge Analysis
Keywords: Poste offer completion, telecommunications business
On October 2, 2026, TIM disclosed the final results of Poste Italiane’s voluntary public offer for Telecom Italia's ordinary shares: Poste Italiane acquired approximately 85.823% equity interest, corresponding to 1,832,941,911 shares; as of October 1, its total shareholding had increased to 1,857,060,167 shares, accounting for around 86.952%.
(Disclaimer: This content is compiled by AI technology from public information for reference only and does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Stock Moves | Major investment banks such as Morgan Stanley refute Toshiba expansion panic, Western Digital (WDC.US) and Seagate (STX.US) rebound sharply
According to Smart Finance APP, on Monday, Western Digital (WDC.US) surged over 7% at the opening, and Seagate Technology (STX.US) rose more than 5%. In the previous trading day, the news of Toshiba expanding its hard drive production led to a sector pullback, with both stocks dropping more than 10%. Subsequently, Morgan Stanley and Bernstein released research reports countering market panic, stating that the market had overreacted to the news of Toshiba's production expansion and that the actual impact on industry supply was limited. They noted that AI agency tasks and physical AI are driving additional storage demand, the supply-demand tension in the HDD sector will persist, and maintained their bullish ratings on Seagate and Western Digital. Among them, Morgan Stanley named Seagate as its top pick.
Strategy (MSTR.US) reports Q3 digital asset floating profit of $21 billions, first return to profitability in four quarters
According to Jinse Finance, boosted by the late-summer cryptocurrency rally, the value of Strategy (MSTR.US)'s Bitcoin holdings increased, resulting in unrealized gains and marking its first profitable quarter in four quarters. The company, which is the world's largest publicly traded holder of Bitcoin, reported a $21 billion gain in its digital assets in the third quarter of 2026. Bitcoin rose 43% year-on-year in the third quarter.
TSMC rises over 1.6% to a record high, with a market value approaching 2.5 trillion USD.
TSMC opened higher and is now up over 1.6%, with its share price reaching a record high. The company’s total market capitalization is close to $2.5 trillion.
Crypto prices
More
