GlobalFoundries and TSMC sign a $2 billion silicon interposer agreement

Spot platinum has just surpassed the $1,640.00/oz mark, currently quoted at $1,639.75/oz, up 0.41% on the day. The main Nymex platinum futures contract is currently quoted at $1,648.0/oz, down 0.11% on the day.

According to Zhitong Finance APP, with the upcoming US earnings season, the Nasdaq's record highs and Marvell's management raising its growth target have both served as positive catalysts for upward revisions in profit forecasts throughout the global AI optical interconnect industry chain. On October 6, the Nasdaq Composite Index rose 0.45%, closing at a record high of 27,599.79 points. Marvell (MRVL.US), a leader in ASIC and AI data center optical interconnect chips, raised its fiscal year 2028 revenue target from $18 billion to $20 billion, an increase of approximately 11.1%. The company's stock price rose 5.8% on the day, reflecting the market's strong expectations for expanding demand for accelerated computing chips and CPUs, HBM/DRAM/NAND memory chips, and data center optical interconnect components for AI data centers.

(1) Analyst Lee Hardman from Mitsubishi UFJ Bank stated that recent negative developments in the Eurozone have increased the attractiveness of the pound relative to the euro. (2) Hardman noted that although the UK's fiscal issues are also a concern—with the 10-year UK government bond yield rising to its highest level since before the 2007 global financial crisis—the fiscal challenges currently faced by the UK are not as serious as those in France. (3) He pointed out that, according to media reports, given the challenging global bond market environment, the UK government will strive to minimize the risk of triggering a negative market reaction in the budget to be released on October 28, which will be positive for the pound.

PepsiCo (PEP.US) CEO: We are not satisfied with the performance of our beverage business.