Chipmakers extend the AI rally as Oracle widens its chip lineup

Key figure: Consumer confidence, October: 91.7, +7.5 pts vs. revised 84.2 in September. Source: The Conference Board, 10 a.m. ET.

Key points

• At 4:03 p.m. ET the S&P 500 was up 0.6% and the Nasdaq 1.2%, per CNBC; chipmakers led.[1][2][21]
• Oracle will run Nvidia Vera Rubin systems at multi-gigawatt scale and offer Google TPUs.[4][5][7]
• Consumer confidence rose to 91.7; economists polled by Reuters and the WSJ expected 81.[9][10][11]
• Meta priced $37.5 billion of stock; UPS raised its 2026 revenue and profit outlook.[12][13][14][19]

Chipmakers lead a second day of AI gains as oil slips

At 4:03 p.m. ET the S&P 500 was up 0.6%, the Nasdaq Composite 1.2% and the Dow about 16 points, per CNBC’s closing update. Broadcom rose about 4% after banks and Blackstone set $63 billion of financing for its chips for Anthropic, CNBC said. On Tuesday WTI crude futures settled down $1.86 at $99.90 a barrel, Newsquawk and CNBC said; CNBC cited Mideast diplomacy hopes.[1][2][3][15][16][17][21][22][23]

Why it matters: The Fed opened a two-day meeting on Tuesday, CNBC and IBD reported; CME data put hike odds at 10%, Yahoo Finance said.[1][18][21]

Oracle widens its Nvidia deal and adds Google TPUs

Oracle said it will expand its Nvidia Vera Rubin systems to multi-gigawatt scale and will offer Google’s TPU chips on its cloud, plus Cerebras inference systems, its releases show. Neither side gave the deal’s value, Reuters said.[4][5][6][7]

Why it matters: Reuters and CNBC both cast it as Oracle adding Nvidia rivals beside a bigger Nvidia order.[7][8]

Consumer confidence jumps as gasoline prices ease

The Conference Board’s index rose 7.5 points to 91.7 in October from a revised 84.2; economists polled by Reuters and the Wall Street Journal had expected 81. The board tied it to easing gasoline prices.[9][10][11]

Why it matters: Consumers still plan to spend less on services and durable goods, the board said.[9]

Meta prices $37.5 billion of stock; UPS lifts its outlook

Meta priced $25 billion of Class A stock at $625 a share, up from $22.5 billion, and $12.5 billion of convertible preferred; Reuters put the full plan at $97.5 billion. UPS raised its 2026 revenue outlook to about $92.6 billion.[12][13][14][19][24]

Why it matters: Meta said its Class C program of up to $60 billion starts after those shares list in early 2027.[13][20]

Exhibit 1. Meta’s $97.5 billion equity plan, in three parts $ billions: priced Oct. 26, 2026, plus the planned Class C program (up to)

Part	Amount ($ billions)
Class A stock	25.0
Convertible pref.	12.5
Class C plan	60.0

Source: Meta Platforms releases (SEC EDGAR). Table: New Street.

Exhibit 2. Tuesday’s data and outlooks As released Oct. 27, 2026

Item (date, source)	Level	Change
Consumer confidence, Oct. 27, per Conference Board	91.7	+7.5 pts
Expectations gauge, Oct. 27, per Conference Board	72.6	+6.9 pts
UPS 2026 revenue outlook, Oct. 27, per UPS	About $92.6B	Was $91.2B
UPS 2026 adj. EPS outlook, Oct. 27, per UPS	About $7.28	Was $7.22

Source: The Conference Board; UPS; Reuters. Table: New Street.

Notes

Accessed Oct. 27, 2026, between 3:45 p.m. and 4:10 p.m. ET. Times are U.S. Eastern (EDT).

U.S. index moves are from CNBC’s closing update timestamped 4:03 p.m. ET and are preliminary, rounded figures. WTI’s settlement is the December futures contract, per Newsquawk and Il Sole 24 Ore. Consumer confidence figures are the Conference Board’s preliminary October results (survey cutoff Oct. 21); September was revised to 84.2 from 81.9, per Reuters. Meta’s $97.5 billion total is Reuters’ sum of the priced $25 billion Class A offering, the $12.5 billion preferred offering and the planned Class C program of up to $60 billion. UPS’s prior outlook figures are as reported by Reuters. Corrections, if any, are logged at newstreet.xyz/corrections.