Voters backed local data-center curbs as hyperscalers rose and neoclouds fell; Treasury's refunding committee sees larger 2- to 10-year coupon auctions likely in 2H FY2027; Arista guided AI networking to about $7B in 2027; YMTC and Solidigm IPOs were reported paused.
Daniel Koss counted 33 local measures restricting data centers passed or leading, with only one pro-build measure winning, and cited Wells Fargo putting 27% of planned US data-center gigawatts in Texas. Premarket, Newsquawk showed CRWV down 6.2% and IREN down 5.4%; in early trade Amazon rose 7% and Microsoft 5.7%, per DeItaone. Koss argues already powered and permitted capacity just got pricing power.
Per the refunding text posted by @ces921, members agreed that increases in coupon auction sizes would likely be appropriate in the second half of FY2027, with additional issuance concentrated in the 2- to 10-year sector, and discussed potential changes to 20- and 30-year issuance. @ces921 notes the statement dropped the words "at least" from its reference to keeping duration supply constant, and that AI debt is migrating into the same 2s-10s sector.
Arista's first 2027 guide, given 14 months early, is about $18.5B, up 38-40%, with AI networking going from $3.5B to about $7B, per Daniel Koss. Astera Labs' CEO sees a path to doubling silicon dollar content per XPU with each new generation, with Scorpio switches already above a $1B annualized run rate. Newsquawk showed ANET up 4.5% premarket while AMD reversed a lot of its post-earnings strength.
@zephyr_z9 posted that YMTC paused its IPO due to a weakening market and that SK hynix paused the Solidigm IPO for the same reason; Jukan countered that Solidigm's IPO fell through because of backlash from Korean retail investors. A JPMorgan memory update posted by @paradislabs says the market anticipates a downcycle as early as 1H27, but EPS cuts are unlikely in the next six months, with LTAs and prepayments buffering earnings.
@aleabitoreddit disclosed buying CCXI shares after news that the Agility Robotics merger was approved; AGLT is expected to begin trading November 5, with about 15.95M public shares tradeable after about 61.48% were redeemed.
@psyduckcapital added some QQQ exposure, while saying that everyone on X being convinced of a rally makes them uneasy.
@labubu_trader bought the dip in SPCX, PLTR and TSLA at the open, saying TSLA in particular should benefit from the Democratic sweep.
@liwei_twcapital thinks the AI trade may be finding a floor and sees a possible substantial rally if the TAIEX holds above today's low over the next three sessions; without the clear capitulation signal they wanted before going fully invested, they have added, but not aggressively.
@ThinkingUSD closed nearly all equity shorts into the overnight selling and no longer sees sense in being directionally short, while still expecting a challenging year for equities and sitting at nearly 50% cash.
@thematictrader is short a few names, with entries in STX and WDC yesterday, managing risk against defined levels.
Jim Cramer expects a gridlock rally but warned to be careful with the Nebius/IRENs of the world.