Ethereum has fallen 10% over the past three days alongside a broader market pullback, cutting more than $38 billion from its market capitalization. On-chain data show Binance’s ETH reserves continue to decline, dropping from around 3.92 million in August to 3.47 million now, a decrease of nearly 11.5%. On October 6, the exchange logged more than 320,000 ETH withdrawal transactions in a single day, a record high. ETH’s RSI has slipped to around 23 as the token tests support at the lower boundary of a rising channel.

OpenAI disclosed that annualized revenue reached $50 billion at the end of September, well below the $68 billion figure widely reported previously, reigniting scrutiny of its valuation above $850 billion. CEO Sam Altman confirmed the company will not pursue an IPO this year, leaving it under pressure to back up its lofty valuation. Separately, rival Anthropic is reported to be seeking a $2 trillion valuation for a Nasdaq listing.

Micron (MU) fell 4.79% to close at $1035.84 on October 8, 2026, as reporting about OpenAI revenue and slowing AI-memory growth expectations pressured the semiconductor group. This draft examines the daily outlook, the limits of that sector explanation, and the technical levels traders are watching.

SpaceX (SPCX) fell 4.19% to $160.57 on October 8, 2026, as reports about proposed financing for Nvidia AI-chip purchases coincided with a risk-off session. This draft examines the reported funding issue, the broader market backdrop, and the technical conditions traders can monitor next.

Broadcom (AVGO) fell 4.35% to $360.14 on October 8, 2026, as reports about financing for OpenAI custom chips and lower reported OpenAI revenue rattled AI-infrastructure expectations. This draft examines the session, the risks behind the reaction, and the technical levels that could shape the next move.

Nvidia (NVDA) fell 2.94% to $230.48 on October 8, 2026, as reports about OpenAI revenue and a slowing-growth concern around AI memory weighed on AI hardware shares. This draft examines the session’s drivers, downside risks, and technical levels traders may watch.

Intel (INTC) fell 5.34% to $107.08 on October 8, 2026, as an OpenAI revenue report unsettled AI-linked semiconductor shares while oil and Treasury volatility weighed on technology risk appetite. This draft examines the session’s drivers, downside risks, and the technical levels traders can use to assess a recovery or further weakness.

Coherent (COHR) fell 9.63% to close at $302.35 on October 8, 2026, as profit-taking in optical-component stocks and weaker AI-infrastructure sentiment pressured the group. This draft examines the session's evidence, near-term risks, and technical levels traders can monitor.