Yesterday’s melt-up gave a little back. Nothing moved materially — the news mattered more than the tape today.
Company news worth knowing#
- RDDT — A San Francisco Superior Court judge rejected Anthropic’s motion to dismiss, ruling Anthropic is contractually bound by Reddit’s User Agreement. Three claims advance: breach of contract, interference, and unfair competition. This is the legal spine under the data-licensing thesis — enforceable terms mean real pricing power. Executives also disclosed share sales. Hold (Medium-high confidence) — the ruling raises the floor, but the stock already carries the story. Next earnings: November 4.
Analyst calls worth flagging#
- MSFT — Oppenheimer raised its target to $570 from $515, Outperform, on Azure/Copilot monetization and improving capex discipline.
- MSFT — Stifel upgraded to Buy, $575 target.
Quiet: MSFT -0.72%, RDDT -1.93%, NET +0.38%, AMZN -1.34%, META -0.63%.
Cloudflare held yesterday’s breakout above $351 on a red day — that’s the one chart worth watching into tomorrow.