Week 41, 2026
Week of 5 – 11 Oct 2026
13 of 28 public holdings rose, with an average move of −1.9% against +1.2% for the S&P 500.
Biggest moves
From the notebook
Note of the week
CleanSpark's Texas AI pivot hinges on a regulator it can't predict
The one that matters most to a long-term holder, weighed by Jev.
Then & now
Meta's Ray-Ban glasses turn five, sales dwarf the early years
Meta's first Ray-Ban smart glasses launched in September 2021, and EssilorLuxottica sold only 2 million units across 2023 and 2024 combined. Last year alone it shipped more than 7 million pairs. Five years after that first launch, Meta unveiled the Ray-Ban Meta Gen 3 at its Connect event on 23 September 2026.
Since this note:Meta −9.7%(S&P 500 −1.9%)
Big mover
Shopify's eight-day rally adds about $40bn to its market value
Shopify shares climbed for eight straight sessions into 9 October, up close to 13 per cent over the week and more than a third over the month, the sharpest move among the public holdings. RBC Capital Markets told clients fears that AI shopping agents would erode Shopify's position look overstated, and other analysts lifted price targets as merchant migration data held up. The next test is Shopify's third-quarter result, expected around 22 October.
Since this note:Shopify −1.2%(S&P 500 −1.9%)
Theme
ServiceNow and Salesforce both push new AI agent tools this week
ServiceNow launched AI Workflow Factory and an Autonomous Engineer tool on 6 October, built to turn workflow fixes into a continuous agentic loop across IT, HR and customer service. Days later Salesforce's Winter '27 release added a browser-learning agent and conversational IT support inside Slack or Teams. Both are chasing the same job, letting AI agents run routine enterprise work, just entering from opposite ends: ServiceNow via IT operations, Salesforce via CRM.
Since this note:ServiceNow +11.5%Salesforce +9.2%(S&P 500 −1.9%)
Connections
Nebius raises GPU rental prices again as Nvidia chips stay scarce
Nebius rents Nvidia GPUs to AI customers, and on 1 October it raised on-demand prices for the second time in three months, with H100 rates up about 17 percent and B200 up about 19 percent. The move follows Nvidia's own admission that H200 supply stays sold out into 2026, with Chinese buyers alone ordering more than double the chip's current stock. For Nvidia, scarcity means pricing power upstream. For Nebius, it means passing that scarcity straight through to the tenants renting its clusters.
Since this note:Nebius −28.0%Nvidia −7.4%(S&P 500 −1.9%)
On the map
Pearler closes $16m round to grow its Aussie investing base
Sydney's Pearler closed a $16 million Series A in September. The round was led by existing investor Portage, which also led the company's $7.8 million Seed raise four years ago. Pearler now has more than 110,000 active customers and more than $3.5 billion in holdings across shares, super and first home deposits, 86% of it in ETFs. The platform lets Australians split money between ASX and US shares.
People
Coinbase's new general counsel is rebuilding legal around AI
Molly Abraham took over as Coinbase's general counsel after Paul Grewal's exit, having previously led the company's corporate, commercial, and product legal teams. She is now hiring a dedicated engineer inside the law department to rework how the team works with AI tools. Her promotion lands at an uncertain time for Coinbase, which faces litigation over prediction markets and has cut 14% of staff.
Since this note:Coinbase −1.7%(S&P 500 −1.3%)
What could go wrong
CleanSpark's Texas AI pivot hinges on a regulator it can't predict
CleanSpark's big bet on converting mining sites into AI data centres leans heavily on Texas, where it holds exclusivity over up to 885MW with one tenant. Governor Abbott ordered an audit of data centre grid connections in August, and CEO Matt Schultz told the Q3 earnings call the honest answer on what follows is "we don't know." The stock is now down 50% from its 52-week high.
Since this note:CleanSpark −29.3%(S&P 500 −1.8%)
Coming up
Apple's smart home hub is due to show up on 13 October
Apple is set to unveil a long-awaited smart home hub with a screen, a new HomePod mini and an updated Apple TV 4K on 13 October, all built around Siri AI. It follows last month's iPhone 18 Pro and iPhone Duo launch and opens a new product category for Apple rather than just refreshing an existing one. Apple reports Q4 earnings three weeks later, on 2 November.
Since this note:Apple +3.4%(S&P 500 −1.8%)
Heard on X
Twilio marks its first day inside the S&P 500
Twilio posted a quick celebration on X after S&P Dow Jones Indices added the stock to the S&P 500 before trading opened on 6 October, taking the spot vacated by Warner Bros Discovery as its Paramount Skydance takeover nears completion. The move also shifts Twilio out of the S&P MidCap 400, where FormFactor steps into its old slot. Being in the flagship index means funds that track it are required to hold the stock, a mechanical source of demand rather than a verdict on the business.
Since this note:Twilio −9.6%(S&P 500 −2.0%)
Startup watch
Everlab hires an ad agency for its first brand campaign
Everlab has appointed Outside In to build its brand platform and run its first major campaign, after a competitive pitch, with the work landing this October. The campaign is meant to introduce the preventative health company to a wider Australian audience as it prepares for growth overseas. Everlab currently has members in Australia and New Zealand, with a UK launch still planned following its earlier Series A raise.
Big & small
Amplified's eye-tracking now powers rivals' YouTube attention scores
Adelaide, a US attention-measurement platform, just licensed real human eye-tracking data from Amplified to rate ads on Facebook, Instagram and YouTube, inventory it previously could only model. Amplified, built in Adelaide, South Australia, has always sold measured attention rather than predicted attention. The result: a small Australian startup now supplies the data behind how a bigger rival scores ads running on Alphabet's YouTube.
Since this note:Alphabet −6.4%(S&P 500 −1.4%)
By the numbers
The portfolio spans 57 years of company founding
Intel, the oldest company on this list, was founded in 1968. Flyweel, a Brisbane ad-spend fintech, was founded in 2025. That's a 57-year gap between the oldest and newest holdings, sitting inside a portfolio of roughly 36 private companies and 28 public ones. The spread runs from half-century-old chipmakers to startups barely a year old.
Since this note:Intel −26.4%(S&P 500 −1.4%)
Then & now
Twilio priced its 2016 IPO at $15. It just marked 10 years on the NYSE
Twilio's IPO was priced at $15 a share in June 2016 and closed its first day at $28.79. Ten years on, CEO Khozema Shipchandler marked the NYSE anniversary this June by thanking the company's 5,500 employees and alumni and framing Twilio as infrastructure for AI-powered businesses. The stock now trades near $295, roughly 20 times that IPO price.
Since this note:Twilio −13.9%(S&P 500 −0.8%)
Big mover
BYD shares down 14pc this month as JPMorgan slashes its target
BYD's US-listed shares have fallen 14.1% over the past month and are down more than a third from their 52-week high. JPMorgan cut its price target by 29%, from HK$124 to HK$88, on 30 September. The move followed BYD's first-half result, where revenue fell 7.1% year on year and net profit dropped 20.5% as domestic price competition bites.
Since this note:BYD −6.4%(S&P 500 −0.8%)
Meta
Salesforce
Nebius
Nvidia
Pearler
Coinbase
Apple
Twilio
Everlab
Amplified
Alphabet
Flyweel
BYDMost liked on X
Shopify@Shopify · 9 OctNew connectors just dropped:
Connect to @grok to ask questions about your business
Or connect to @bot to build a team of agents that help you run it
931581.6K
IREN@IREN_Ltd · 10 OctAt IREN, we believe AI builders shouldn't have to choose between raw performance and operational flexibility.
As an inaugural partner of the NVIDIA AI Cloud Ready Initiative, Mirantis has completed NVIDIA-Certified Hypervisor validation for k0rdent AI’s virtualization stack on Arm-based NVIDIA GB200 systems. This milestone demonstrates that virtualized GPU environments can now deliver predictable, near bare-metal performance while supporting secure, hardware-level multi-tenant isolation.
IREN AI Cloud empowers engineering teams to match infrastructure to workload requirements, balancing performance, isolation, and operational efficiency.
AI builders can choose from:
• Software-Defined Virtualization: delivers secure, elastic multi-tenant environments and scalable inference, with the VM as a hardened tenancy boundary.
• Dedicated Bare-Metal Clusters: optimized for maximum performance to deliver high-throughput model training and high-concurrency, ultra-low-latency inference.
From infrastructure to inference, choose the operational model that best fits every AI workload.
811201.1K- IREN@IREN_Ltd · 10 OctYotta brought the AI infrastructure ecosystem under one roof, giving IREN leaders three days of direct conversations with the suppliers, builders and operators shaping what comes next.
- IREN is strengthening ties with leading construction and equipment partners
- Suppliers want to partner with developers that can execute
- Vertical integration from grid to AI Cloud is how IREN delivers with speed and reliability
Watch the highlights.
7181851 - Shopify@Shopify · 10 OctRun your store from @GeminiApp
Add products, check orders, and pull reports right in the chat
Speed up tasks between Shopify and other Google tools too
4530258
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Notes are written by AI and can be wrong; check the sources. Share-price moves run from the last close before the week to the last close in it. Not financial advice.
