Blockhaven

1/ Micron made $133.2bn of revenue in fiscal 2026, up from $37.4bn, with a fourth-quarter gross margin of 86.8%. At the 10-30-2026 close of $884.74 it was worth $1.001 trillion. How much of that boom is permanent?

US factories are making more, and paying more to do it. ISM production: 59.0, highest since Nov 2021 Prices paid: 75.2, up for a 25th straight month Industries paying lower prices: zero One machinery buyer said a $2,000 item six months ago now costs $4,000. $XLI via @ism

BREAKING: Anthropic's amended IPO filing shows Q3 revenue of $17.0B, up 1,127% from $1.38B a year ago. But compute costs hit $9.86B, and it swung to a $567M operating loss from $974M of operating income in Q2. Committed spend: ~$895B, mostly compute. $AMZN $GOOGL

Bitcoin's white paper turned 18 today. Oct 31, 2008: a 9-page PDF from Satoshi Nakamoto. Today: 20.1M BTC mined, 95.7% of the 21M cap. At about $77K, that's a $1.56T network. The last 4.3% won't be fully mined until around 2140. bitcoin:native $IBIT

Might have to upgrade $NKE after seeing this 😂

BREAKING: The US has ordered non-emergency staff to leave Saudi Arabia over security risks. Brent closed the week at $112, up 55% since Feb 27. Oil reopens Sunday night. $USO $XLE $BNO

Poland's top court now has two people claiming to run it. A government-backed judge suspended court chief Bogdan Święczkowski for a month. He calls it illegal. Police are guarding the grounds. President Nawrocki turned his plane around mid-flight. $EPOL via @notesfrompoland

BREAKING: S&P cuts Meta's credit outlook to negative on uncertainty over how long AI capex stays elevated and cash flow stays negative. Rating unchanged for now, but S&P expects Meta to lean solely on debt to cover its 2028 cash flow gap. Q3 FCF was already -$2.1B. $META $QQQ

BREAKING: The Nasdaq 100 is now 10% below its October high, on the edge of a correction less than a month after the peak. It's down over 4% today alone as Intel (-30%) and Amazon earnings spooked investors on AI spending. $QQQ $INTC $AMZN

Nasdaq 100 down 4.2% today. Only 3 worse days in the last two years, and two of them were the April 2025 tariff crash. Now about 10% off the highs and semis are down almost 10% on the day.

Refiners are cashing in on the diesel squeeze. Chevron's U.S. refining profit hit $3.59B in Q3, up from $638M a year ago. Adjusted EPS $5.28 vs $4.86 expected, from $1.85 a year ago. That's 5.6x more profit off the fuel you're paying for. $CVX $XLE via @Chevron

Mortgage rates dipped again, but they're still far above where they were before the Iran strikes. The 30-year fixed fell to 7.24% this week. It was 5.98% on Feb 26, the 2026 low. On a $400K loan, that's about $333 more a month than in February. $XHB $RKT via @FreddieMac