demand

The white-haired stock god Serenity stated that the storage chip industry is experiencing unprecedented long-term demand visibility, with large cloud service providers like Google even seeking to sign long-term supply agreements extending to 2035. However, the market is still affected by concerns over the sustainability of AI infrastructure investments and financing risks.Serenity also cited the views of Dell CEO Michael Dell, who indicated that the shortage of storage chip supply may last for about 4 years, as the construction cycle for new fabs is relatively long, and the related capacity is expected to be released by 2029 to 2030. Dell anticipates that the imbalance between supply and demand for storage chips may further worsen by 2027.

Federal Reserve Chairman Waller stated that artificial intelligence will impact the economy on the demand side before affecting the supply side.

Analyst Jukan published a discussion on the storage industry's cycle, believing that computing power and storage will tighten or loosen in sync, and that there will not be a situation where computing power is continuously in short supply while storage alone turns to surplus. He also stated that the logic of shorting storage while going long on hard drives does not hold, as hard drives are tied to the storage cycle; if this cycle declines, hard drives will struggle to remain secure on their own.Jukan noted that the market lacks a clear judgment on trends after 2027. Historically, prices often peak one to two quarters before supply increases, followed by an expansion in shipments and a contraction in profit pools. He believes that this cycle is different from those of personal computers, smartphones, and general-purpose servers, as the products used are not standardized, and the triggering factors are also different. Some investors who still view storage through the lens of past experiences of profits during upswings and losses during downswings dominate pricing, leading to a low valuation of storage. He stated that a sharp collapse similar to previous ones is unlikely to reoccur, but a gradual decline is possible; even if Samsung and SK Hynix's profit margins are halved from current levels, the price-to-earnings ratio may still be in the teens, about half of the valuation of hard drive companies.He also believes that when storage prices decline, other demands will absorb supply at various price levels, with local AI-driven personal AI demand expected to emerge. If the storage prices pushed up by hyperscale cloud providers cannot be controlled, local AI will struggle to spread. Referring to the transition from mainframes to personal computers and from cloud to smartphones, he anticipates that this AI cycle will shift from cutting-edge laboratories to local open-source AI, with the latter absorbing storage demand. He simultaneously stated that storage prices will not remain high for over ten years; prices will eventually decline, but new consumer demands driven by local AI and open-source initiatives may provide bottom support.

Investor Bastion Trading stated that it will not participate in the proposed $201 million tender offer unless SkyAI addresses governance, disclosure, and pricing issues. Bastion Trading and its affiliates collectively hold approximately 9.99% of SkyAI's common stock, and SkyAI plans to acquire up to 95% of its outstanding shares and eligible warrants at $3 per share.Bastion Trading questioned the scale of SkyAI's sale of approximately 70% of its SOL treasury assets. SkyAI previously stated that it had sold around 1 million SOL, but subsequent regulatory filings showed that it has only about 600,000 left; Bastion Trading demands disclosure of the sale dates, average transaction prices, proceeds, transaction costs, and approval processes, and calls for an independent review before the tender offer begins.Bastion Trading also requested the replacement of SkyAI board members, the establishment of an independent special committee to oversee the tender process, and an increase in the offer price to at least $3.50 per share. It simultaneously demanded the removal of the $100 SOL price condition and the 50% minimum participation threshold, the exclusion of strategic advisor warrants, and a prohibition on insiders tendering their held securities.

The world's largest foundry, Taiwan Semiconductor Manufacturing Company (TSMC), announced that driven by a surge in global demand for artificial intelligence processors, its net profit in the third quarter increased by 69% year-on-year, reaching a historic high and exceeding market expectations.TSMC stated that from July to September, net profit rose to 763.1 billion New Taiwan dollars (approximately 23.59 billion US dollars), surpassing the institutional expectation of 746.3 billion New Taiwan dollars.

Box CEO Aaron Levie stated that the significant increase in AI tokens and computing power consumption will come from large-scale autonomous agent clusters operating internally within enterprises, rather than personal assistants. He anticipates that the related tokens and computing power consumption could see an increase of about 100 times.Aaron Levie mentioned that the usage of personal agents will generally be capped per person. Knowledge work is currently limited by the ability of humans to generate, transmit, and produce information; at this stage, most agents are still tasked by humans, compressing about 3 to 5 hours of work into approximately 10 minutes, still constrained by the speed at which humans initiate tasks.He further stated that true significant growth will occur when backend agents are deployed in clusters to execute tasks that are completely decoupled from human initiation. The above remarks were quoted by @MTSlive.

AMC's CEO Adam Aron posted again on the X platform, stating that Robinhood claims to support the new regulations formulated by the U.S. Securities and Exchange Commission regarding the tokenization of U.S. stocks and demands that Robinhood clarify whether its international business will adhere to the same principles proposed by the SEC.Adam Aron stated that if Robinhood's offshore operations in Jersey do not follow the relevant principles, it will become a distortion and mockery of the correct practices required by the SEC. In the original text, he repeatedly stated "shame, shame, shame," questioning Robinhood's refusal to respond directly to the relevant issues.

Bank of America strategists warn that the debt financing boom for AI infrastructure is driving up borrowing costs for developing countries. In the second half of this year, the average yield on emerging market dollar bonds has surged by nearly 1 percentage point. Amazon and Google's parent company Alphabet Inc. have issued about $70 billion in debt, while the international bond issuance by emerging market sovereign borrowers has halved to $45 billion.

According to CoinDesk, Bitmine Immersion Technologies Chairman Tom Lee stated that the intergenerational wealth transfer occurring in the coming years could become an important factor driving the next round of demand in the cryptocurrency market. Based on research data from the IRS and Fundstrat, it is estimated that between 2026 and 2028, approximately $1.5 trillion to $2 trillion in wealth will be transferred between generations.As young investors inheriting wealth typically have a higher risk appetite, this may increase their allocation to risk assets such as cryptocurrencies and stocks. Tom Lee added that Wall Street's accelerated adoption of blockchain technology for asset tokenization, the development of AI applications, and treasury companies holding cryptocurrencies for the long term could also become driving factors for future market growth.

The U.S. stock earnings season begins this week, and Taiwan Semiconductor Manufacturing Company will announce its earnings report on October 15. Analysts expect its earnings per share to be $4.42, with net profit growth of 65% to 746.3 billion New Taiwan dollars. The market is focused on its assessment of AI chip demand and order plans.

Grayscale's Research Director Zach Pandl stated in his column The Stack on October 8 that the rising demand for AI is due to decreasing usage costs and technology's ability to perform tasks more autonomously, thereby increasing the demand for computing power and the physical infrastructure that supports AI. Lower costs can unleash more AI activities, and the low-cost competition of open-source weight models is driving down token prices, making cheaper intelligence economically viable for more applications and automated workflows.The article cites that Anthropic's latest Sonnet model claims to reduce the cost of each task by up to 30%; OpenAI's always-on agent dots, launched on September 29, can work towards user goals around the clock, potentially significantly increasing the demand for computing power. Pandl compares that chatbots primarily answer questions, while agents execute multi-step processes to achieve goals, with tasks like preparing for client meetings potentially consuming 5 to 50 times the tokens of a single chat interaction, and always-on agents may extend processing beyond a single conversation.Pandl cites Goldman Sachs' prediction that by 2030, token consumption could increase 24 times, primarily driven by agents; even with improved efficiency, if usage grows faster, the total demand for computing power may still rise. He points out that digital activities still rely on physical infrastructure that requires time to deliver, such as electricity, data centers, and GPUs, and cheaper AI can coexist with tight computing power supply, mentioning that CoreWeave recently signed new contracts at higher computing power prices. His conclusion is that cheaper intelligence and stronger agents may expand use cases and usage enough to offset efficiency gains, thereby supporting the demand for scarce computing power and benefiting its owners.

Cryptocurrency market analyst CW stated that despite the recent decline in Bitcoin prices, demand-side indicators still show a positive trend. Futures demand has slightly retreated compared to the previous day, but the negative value of spot demand has narrowed, keeping overall demand in a relatively positive range.The spot demand, which had previously remained in negative territory, is approaching a positive value. Once spot demand turns positive, Bitcoin will experience strong upward momentum.

According to Nikkei News, due to weak demand, Apple (AAPL.O) has reduced orders for the iPhone 18 Pro.

Bitcoin software company Breez stated that since AI coding agents have become mainstream, the demand for its developer tools has surged significantly, with consulting requests increasing by approximately 14 times. Developers and the AI agents they deploy are seeking to integrate Bitcoin payments into their applications. Breez directly attributes this growth to Anthropic's Claude Code, which was launched as a research preview in February 2025 and officially opened three months later.Breez noted that before 2025, potential partners mainly fell into three categories: staunch Bitcoin enthusiasts, crypto developers, and fintech companies that view Bitcoin as an asset class. Since the launch of Claude Code, many developers with little to no Bitcoin experience have begun to inquire, with demand coming from fitness applications, messaging apps that want users to transfer money to each other, eSIM services for travelers, and a team developing a mushroom identification app. Breez stated that these developers often choose Bitcoin for its speed, as traditional payment processing involves bank accounts and cross-border transfers, which can take weeks or even months, while its SDK can be operational in just a few minutes.Breez mentioned that an increasing number of inquiries are coming from software rather than humans, as coding agents often represent the companies deploying them in making requests. The company believes that agents prefer Bitcoin because it is permissionless; agents can build applications and set up payments for global users without needing to open bank accounts, go through approvals, or sign documents. Breez stated that its latest SDK, built on the Bitcoin scaling protocol Spark, has successfully handled the increased traffic.

Analyst Darkfost stated that the recent demand for Bitcoin in the market has significantly improved, especially as spot demand continues to rise. Currently, the total demand for Bitcoin has returned to positive territory, exceeding 14,000 BTC, while futures demand remains relatively stable, averaging about 32,000 BTC recently.Spot demand is currently around negative 17,000 BTC. Although it is still in negative territory, it has improved significantly from negative 207,000 BTC on September 20. Darkfost believes that while the current Bitcoin price is declining, market demand is gradually recovering, which is a positive market signal.

Samsung Electronics announced preliminary results for the third quarter, with operating profit soaring 783% year-on-year and increasing 20.01% quarter-on-quarter, slightly exceeding analysts' expectations. The surge in demand for artificial intelligence chips has driven profit growth in the memory business.Samsung expects Q3 operating profit to be 107.4 trillion won (approximately 80.17 billion USD), with revenue of 195 trillion won, a year-on-year increase of 127%.

The Federal Reserve meeting minutes show that some participants believe the development of artificial intelligence may lead to total demand exceeding supply in the medium term, thereby putting upward pressure on inflation.

According to Saudi media outlet Hadass, citing senior sources, Washington has conveyed a message to Iran, requesting that Iran will not receive any concessions before limiting its nuclear capabilities.The progress of US-Iran negotiations depends on whether Iran responds to the Trump administration's demands regarding its nuclear capabilities. As Iran has lost control over the Strait of Hormuz, the United States no longer considers the Hormuz issue a priority.

Illia Polosukhin, co-founder of NEAR Protocol, stated in a live interview at the Digital Asset Summit 2026 held in Singapore that as near.com continues to expand its on-chain services, users no longer need centralized exchanges for "a large amount" of crypto activities. He mentioned that near.com is "almost ready" and has a "large roadmap for continuously adding features," including bank withdrawals, transaction records for tax purposes, and selective disclosure for confidential transactions. He also shared his experience using centralized exchanges, stating that despite knowing the company's CEO, one of his accounts was still deleted.near.com integrates cross-chain spot trading, tokenized stocks, wealth management products, and perpetual contracts into a single interface. Polosukhin indicated that most of the infrastructure for NEAR Intents has been migrated to confidential sharding, keeping transaction activities private, and users can disclose individual transactions when needed. He mentioned that near.com has a lot of fiat-related features coming soon and referenced the collaboration between NEAR and Monerium, allowing users to convert euros in their bank accounts to EURe via IBAN. The ultimate goal of NEAR Intents is to handle "any asset to any asset," such as USD to EUR, SGD to HKD.Regarding tokenized stocks, near.com completed integration with Ondo Finance in September, allowing users to convert euros into tokenized NVIDIA stocks, with NEAR planning to add more stocks from global markets.