Bloomberg Stock Movers
2026-10-28 · Hosted by — · Bloomberg / iHeartMedia
Executive Summary
GE Vernova shares rose nearly 3% after lifting full-year revenue, EBITDA margin, and free cash flow guidance, with power demand from the AI buildout pushing backlog to just shy of $200 billion. The company also announced a $9 billion acquisition of Attrend Group, expected to close late next year. Vertiv, another power-equipment name, jumped 15% after raising its own outlook, with its CEO calling the moment "the largest infrastructure build out" and saying it is accelerating.
Key Stories & Changes
1. Power Equipment Names Surge on AI Infrastructure Demand
GE Vernova (GEV) up nearly 3%: lifted full-year revenue, EBITDA margin, and free cash flow guidance; backlog grew $20 billion to just shy of $200 billion
Announced acquisition of Attrend Group for $9 billion, with both companies continuing to operate independently until closing (expected late next year)
Vertiv (VRT) up 15%: also raised its outlook; CEO described the moment as "the largest infrastructure build out" and said it is "accelerating"
2. SK Hynix's Blockbuster Memory Results
U.S.-listed ADRs (SK H Y) up nearly 9% in pre-market trading
Lifted peers: Micron up 4%, SanDisk up 5%
Company sold out of high-bandwidth and conventional memory capacity through 2029
Announced a $45 billion shareholder payout
Seagate the exception, down about 2%, extending weakness from its post-earnings reaction the prior session
3. Robinhood Earnings Miss
Shares (HOOD) down 7% in pre-market trading after missing on both revenue and earnings for Q3
Equities and net interest revenue both contributed to the top-line miss
Crypto revenue of $120 million was a bright spot, beating estimates
Monthly active users came in at 13 million, below the 14.4 million estimate
October net deposits already topped $13 billion month-to-date, including $6 billion from the Dell family's contribution to Trump accounts, for which Robinhood serves as brokerage provider and initial trustee
GEV: GE Vernova — +~3% — Raised guidance; backlog nearing $200B; announced $9B Attrend Group acquisition
VRT: Vertiv — +15% — Raised outlook on power infrastructure demand
SKHYY: SK Hynix — +~9% — Sold out of memory capacity through 2029; $45B shareholder payout
MU: Micron — +4% — Lifted by SK Hynix results
SNDK: SanDisk — +5% — Lifted by SK Hynix results
STX: Seagate — -2% — Extended weakness from prior-session earnings reaction
HOOD: Robinhood — -7% — Missed revenue and earnings; MAUs below estimate despite crypto beat
Trends Identified
1. AI-Driven Power Demand Lifting Infrastructure Names
Both GE Vernova and Vertiv raised guidance specifically citing AI data center buildout as the demand driver, with backlogs approaching the $200 billion mark — reinforcing that the AI capital cycle is flowing directly into power and electrical infrastructure spending, not just chips and cloud compute.
2. AI Demand Stabilizing a Historically Cyclical Memory Market
SK Hynix's multi-year sellout of memory capacity through 2029, alongside a large shareholder payout, signals that AI-driven demand is providing a degree of stability to an industry that has historically swung sharply between boom and bust cycles. ---
Sentiment Analysis
Overall Market Sentiment: Bullish on AI Infrastructure, Mixed on Fintech
AI-linked power and memory names broadly outperformed, while Robinhood's miss showed that not every tech-adjacent earnings story is riding the same tailwind.
Risk Factors Highlighted
Robinhood user growth slowdown: Monthly active users missed estimates, raising questions about engagement even as deposit inflows remain strong.
Seagate's lagging performance: Continued weakness relative to AI-driven memory peers suggests company-specific execution concerns rather than a sector-wide issue.
Integration risk from GE Vernova's Attrend Group acquisition: A $9 billion deal with a late-2027 close timeline carries standard execution and integration risk.
This episode was covered in today's [The Market Signal — 2026-10-28](https://marketsignal.beehiiv.com/p/the-market-signal-2026-10-28), a cross-source synthesis of multiple podcast reports.