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Market Movers

How we cover this

The week's biggest percentage movers, globally and among large caps, and why they moved.

Top 5 up and down: global and large cap

Issue 2 · Friday, October 2, 2026 · see the latest

Global · week's movers

▲ Top 5 up

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▼ Top 5 down

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Large cap · week's movers

▲ Top 5 up

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▼ Top 5 down

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World Labs agrees to join AMD; Fei-Fei Li becomes AMD’s chief scientist

The announcement explains why a model lab wanted to be "closer to the hardware".

World Labs, the spatial-AI company founded in 2024, signed a definitive agreement to join AMD. Fei-Fei Li will become AMD Executive Vice President and Chief Scientist, reporting to CEO Lisa Su; the deal is expected to close by the end of 2026, subject to regulatory approval.

Rabbit Holes 1
  • ImageNet

    After exploring World Labs is Joining AMD, for the work that made Fei-Fei Li known, see ImageNet.

    The visual database of more than 14 million hand-annotated images that Fei-Fei Li began in 2006.

    Wikipedia · Wade · 5 min

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U.S. PCE inflation 3.4% in August as consumer spending jumps 0.9%

The official release, with the tables behind the headlines.

The Bureau of Economic Analysis reported August PCE prices up 0.3% on the month and 3.4% on the year (core: 0.2% and 3.0%). Consumer spending rose 0.9%, personal income 0.2%, and the saving rate was 4.1%.

Rabbit Holes 1
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California grape growers can’t sell their harvest as wine sales fall

KQED talks to growers in the vineyards; the numbers show how fast drinking habits are reshaping farmland.

Wine sales have fallen more than 20% over five years, and growers have taken roughly a quarter of California’s vineyards out of production. KQED reports Lodi-area growers leaving grapes unpicked and tearing out vines for almonds, pistachios and olives.

Rabbit Holes 1
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A history of the Bloomberg Terminal, from carrier pigeons to fiber

Good background on why one box still dominates trading desks.

IEEE Spectrum traces how market information moved from telegraph and ticker tape to the Bloomberg Terminal, and how controlling the interface became the business.

Rabbit Holes 1
  • Ticker tape

    After exploring The History of the Bloomberg Terminal, the terminal’s ancestor was Ticker tape.

    The first electrical financial data medium, sending stock prices over telegraph lines from about 1870 to 1970.

    Wikipedia · Wade · 5 min

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An early Nvidia adviser says he’s owed about $1 billion in unissued 1993 stock options

His documents and timeline are in the post; treat it as one side.

A former member of Nvidia’s 1993 technical advisory board writes that he was granted 25,000 options that he says were never delivered and would now be worth about a billion dollars. These are his claims; Nvidia’s response isn’t included.

Rabbit Holes 1
  • NV1

    After exploring Owed a billion dollars in NVDA stock, for the chip this story is about, read NV1.

    Nvidia’s first graphics chip (1995), which bet on quadratic texture mapping, the technique this adviser says caught Nvidia’s founders’ attention. DirectX went with triangles and the NV1 flopped.

    Wikipedia · Swim · 30 min

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MongoDB CEO CJ Desai leaves for Meta; former CEO Dev Ittycheria returns as interim

MongoDB’s release has the board’s statement; the share-price reaction is covered in the HN thread.

MongoDB said CJ Desai stepped down as president and CEO effective immediately to take a senior role at Meta Platforms, less than a year after taking over. The board named Dev Ittycheria, CEO from 2014 to 2025, interim CEO and began a search.

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