Welcome to Markets Desk, here's what's moving the needle right now.
Qualcomm is drawing serious attention from analysts mapping its path through the rest of the decade. The chipmaker has locked in two major data center AI partnerships this fall, including an Amazon deal valued at up to sixty billion dollars and a custom chip arrangement with ByteDance, positioning Qualcomm firmly at the center of the edge AI buildout.
Shifting to emerging markets, Indian equities opened softer on Wednesday after two consecutive sessions of gains. The pressure comes as traders recalibrate ahead of the Reserve Bank of India's rate decision, with diminished expectations for a Federal Reserve hike in October taking some urgency off the rupee and cooling near-term risk appetite across the subcontinent.
And in the digital assets space, Kalshi's fifteen-minute gold futures markets have overtaken Ether in contract volume just weeks after launching. Gold pulled in five hundred forty two million contracts in September, generating an estimated five million dollars in fees, comfortably clearing Ether's three hundred eighteen million contracts, though Bitcoin continues to hold a commanding lead across the platform.
That's the tape. Markets Desk, signing off the floor.
