Market: a fine line between euphoria and caution

📅 After the October rally — all eyes now on Palantir, Robinhood, and AMD (data as of November 1, 2025)

U.S. stock indexes ended October at record highs: Nasdaq rose by 2.2%, S&P 500 — by 0.7%. Yet behind the shine lies a warning sign — growth is supported by only a few tech giants, while small and mid-cap companies have declined. The so-called “market breadth” has narrowed, and now the fate of the November trend depends on upcoming corporate earnings.

Investors’ main focus is on Palantir, Robinhood, and AMD. These three names could either confirm AI’s power as the market’s driving force — or cool down excessive enthusiasm.

Palantir (PLTR) is preparing a report that will show whether it has managed to turn its high-profile military contracts and business AI solutions into real profit. This will determine whether Palantir remains a “Silicon Valley legend” or becomes the new Microsoft of the AI era.

Robinhood (HOOD) will report earnings from stock and crypto trading. Investors want to know whether retail traders have returned after a volatile summer and a slowdown in options activity.

AMD’s upcoming report will reveal how well the company is competing with NVIDIA in the race for AI chip leadership. A strong quarter could spark a new rally in the semiconductor sector.

The second tier — AppLovin (APP) and Astera Labs (ALAB) — will also release results. Both are crucial for “AI infrastructure”: AppLovin drives AI in advertising, and Astera Labs — in networking solutions.

Meanwhile, investors are awaiting Berkshire Hathaway’s report — the first since Warren Buffett’s departure. For many, it will be an indicator of whether the fund’s strategy has changed and how it views market prospects in an era of high rates and tech expansion.

Last week’s top performers were MongoDB (+7.9%), Eli Lilly, and Interactive Brokers — showing that demand for AI infrastructure and pharmaceuticals remains strong, while brokers continue to profit from retail investor activity.

What investors should do:

• Add positions cautiously — only in stocks with confirmed earnings growth.
• Keep part of the capital in cash (30–40%) — a buffer in case of correction.
• Avoid overheated AI stocks, even if they look “unstoppably bullish.”
• Watch the market’s reaction to Palantir, Robinhood, and AMD earnings — they’ll set the tone for November.

💡 Bottom line: the market remains in an uptrend, but that rise rests on a narrow foundation. If AI companies deliver strong results, we’ll see renewed optimism and a chance for a November rally to continue. If not — investors may shift to profit protection, triggering a correction.

Center stage: Palantir, Robinhood, and AMD. Their earnings will decide whether 2025 stays the year of artificial intelligence — or marks a pause in tech euphoria.