S&P 500 Plunges Amid AI Valuation and Tariff Concerns; Google Invests $9B in AI Infrastructure
Key Takeaways
- S&P 500 had largest one-day drop in 3 months due to AI, tariff fears.
- Google commits $9B to expand AI infrastructure in South Carolina by 2027.
- Broadcom reports $10B in AI semiconductor sales; OpenAI not the $10B customer.
- D Wave Quantum stock hits $39.56, a 3759% YTD gain, revenue beats expectations.
- Grindr shares rise 10% on reports of potential $3 billion privatization deal.
Top Stories
S&P 500 suffers sharpest one-day drop in 3 months on AI valuation and tariff fears
On October 13, 2025, the S&P 500 index paused its rally with the largest one-day drop in three months due to AI valuation worries and trade tensions from tariff threats. This event highlights key market volatility themes analyzed by Investing.com.
Google commits $9B to expand AI infrastructure in South Carolina through 2027
On October 13, 2025, Google announced a $9 billion investment to expand AI infrastructure in South Carolina by 2027, including data center upgrades and AI training grants. This investment is significant for Investing.com's AI and tech sector coverage.
Broadcom's $10B AI semiconductor sales; OpenAI not the $10B customer
On October 13, 2025, Broadcom highlighted $10 billion in AI semiconductor sales and clarified OpenAI is not the major $10 billion customer. This update is key for Investing.com's semiconductor and AI market analysis.
D Wave Quantum stock reaches $39.56, 3759% YTD gain, revenue beats expectations
On October 13, 2025, D Wave Quantum's stock hit an all-time high of $39.56 with a 3759% year-to-date increase, driven by $3.1 million revenue surpassing forecasts. This growth is notable for Investing.com's quantum computing sector analysis.
Grindr shares rise 10% on reports of potential $3 billion privatization deal
On October 13, 2025, Grindr shares surged about 10% following reports that majority owners may sell the company for up to $15 per share, valuing it near $3 billion. This potential deal is relevant to Investing.com's tech and M&A coverage.
AI Tech
Navitas backs NVIDIA's 800 VDC AI power architecture with new GaN and SiC devices
On October 13, 2025, Navitas Semiconductor announced support for NVIDIA's 800 VDC power architecture for AI platforms, unveiling new GaN and SiC devices to enhance data center efficiency. This development is important for Investing.com's AI hardware coverage.
Meta and Oracle adopt NVIDIA Spectrum-X switches; Arista shares drop 2.4%
On October 13, 2025, NVIDIA announced Meta and Oracle will use its Spectrum-X Ethernet switches for AI data centers, causing Arista Networks shares to fall 2.4% amid competition concerns. This is key for Investing.com's AI infrastructure coverage.
Crypto Watch
BitMine owns 3M+ ETH tokens, 2.5% of total supply, assets worth $12.9B
On October 13, 2025, BitMine announced holding over 3 million ETH tokens, representing 2.5% of total supply, with total assets valued at $12.9 billion. This is significant for Investing.com's cryptocurrency market coverage.
Economic Policy
Philadelphia Fed's Anna Paulson urges further rate cuts to balance labor market risks
On October 13, 2025, Philadelphia Fed President Anna Paulson highlighted growing labor market risks and advocated additional interest rate cuts this year to balance employment and inflation. This monetary policy stance is critical for Investing.com's economic analysis.
Investment Radar
Evercore ISI advises buying undervalued stocks ahead of Q3 earnings amid tariff uncertainty
On October 13, 2025, Evercore ISI strategists recommended buying cheap stocks with strong earnings histories ahead of Q3 reports, noting tariff negotiations may cause volatile market reactions. This guidance aligns with Investing.com's investment insights.
Market Snapshot
Mexican stocks rise 0.79% with industrial gains; silver hits record $49.63 amid tight supply
On October 13, 2025, the Mexican stock index S&P/BMV IPC rose 0.79%, led by industrial and consumer sectors, while silver surged 5% to a record $49.63 per ounce due to supply constraints. These market movements reflect key commodity and equity trends covered by Investing.com.
Orion S.A. cuts 2025 EBITDA forecast to $220-$235M; shares fall 22%
On October 13, 2025, Orion S.A. lowered its adjusted EBITDA forecast for 2025 to $220-$235 million, citing production declines and inventory adjustments, causing a 22% stock drop. This update is relevant for Investing.com's coverage of corporate earnings and market reactions.
US stocks rise; Tokyo market opens lower amid tariff and political uncertainties
On October 14, 2025, US indices including Dow and NASDAQ rose while the Tokyo market opened down 634 points due to political uncertainty and tariff concerns. These mixed market signals are key for Investing.com's global market coverage.
Northern Trust's mixed outlook with $23.8B market cap and operational focus
On October 13, 2025, Investing.com reported Northern Trust's $23.8 billion market cap and mixed stock outlook, highlighting improved net interest income but rising watch list loans. This analysis informs Investing.com's financial market coverage.
Huntington Bancshares reports 7.91% revenue growth and VBTX acquisition boosts Texas presence
On October 13, 2025, Huntington Bancshares showed 7.91% revenue growth and expanded assets by 6% through its July 2025 VBTX acquisition, doubling Texas market presence. This corporate update is relevant to Investing.com's banking sector analysis.
European Assets Trust oversubscribes cash option; 85% shares reclassified as ESCT
On October 13, 2025, European Assets Trust announced oversubscription of its cash option, leading to 85% of shares reclassified as new ESCT shares and 15% receiving cash. This corporate action is covered by Investing.com.
Polaris to sell majority stake in Indian Motorcycle, boosting EBITDA by $50M
On October 13, 2025, Polaris announced selling a majority stake in Indian Motorcycle to Carolwood LP, expected to increase annual EBITDA by $50 million and raise adjusted EPS by $1.00. This transaction is relevant to Investing.com's corporate news.
CVS Health shares reach 52-week high amid strong fundamentals and sector challenges
On October 13, 2025, CVS Health shares closed at a 52-week high of $79.21, driven by strong revenue and dividends, despite Omnicare's bankruptcy and Amazon's pharmacy kiosk expansion. This reflects key healthcare sector dynamics covered by Investing.com.