PancakeSwap (CAKE) Surges 5.63% on DeFi Rotation, Tokenomics

Tesla (TSLA) stock rose 3% to $385.90 after rebranding its driver-assistance software in Europe, dropping the 'Full Self-Driving' name. Rivian (RIVN) fell 0.9% to $14.19, while Lucid (LCID) gained 1% to $3.87. The change aims to ease regulatory concerns, with approvals still pending in most European countries. Tesla's software is sold as a $99/month subscription, unlike rivals who include features in vehicle prices.

HP stock fell 6.5% to $30.34 after IDC reported a 31% YoY decline in its Q3 2026 PC shipments, the worst among top vendors. The drop was attributed to inventory pull-in and high PC prices due to AI-driven memory costs. HP withheld fiscal 2027 guidance in September and its CCO sold shares in October. Analysts downgraded HP to Sell, citing unsustainable revenue and margin pressures. The broader market is up, indicating sector-specific concerns.

Gorilla Technology Group (GRRR) shares fell 10% to $10.77 after announcing a non-binding letter of intent to acquire its first U.S. data center, targeting 36 megawatts of power capacity. The deal is subject to diligence and final documentation. Palantir (PLTR) rose 0.7% to $200.19, while BigBear.ai (BBAI) remained flat at $2.42. The Global X Data Center ETF (DTCR) gained 2%.

Apple shares fell 2% to $335 after Nikkei Asia reported a 15% cut in iPhone 18 Pro component orders due to softer demand. The price increase, attributed to higher memory chip costs, may be a factor. Apple has not commented. The cut also follows the absence of a standard iPhone 18 model this fall, which may impact demand. Micron benefits from higher memory chip prices.

Oracle (ORCL) stock rose 5.0% to $141.95 after launching new AI products, reassuring investors about Project Jupiter's progress, and receiving a $320 price target from Mizuho. A board director's $3.48M share purchase also boosted confidence. The broader market showed gains, with the S&P 500, Nasdaq, and Dow Jones up 0.3%, 0.4%, and 0.3% respectively.

Morgan Stanley upgraded Cboe Global Markets (CBOE) to Overweight from Underweight, citing resilience and growth prospects. Shares rose 3.03% to $303.00 during morning trading on Friday, supported by S&P renewal and options growth.