WEEX Exclusive：AI Policy Risk Sparks Selloff, BTC Breaks $76K | WEEX Weekly Recap (2026.11.02-11.06)

Today’s Digest

WEEX’s weekly recap focuses on midterm election results, AI and data-center policy risk, the tech selloff, BTC’s decline, NET earnings, and payrolls pricing.

The week’s core driver was not simple earnings delivery, but a repricing of AI regulation, data-center restrictions, and tech-stock valuations after the election result.

Crypto Highlights

1）The Nasdaq fell sharply on Thursday, BTC broke below $76,000, and QQQ, BTC, ETH, AAPL, AMD, SMCI, ARM, QCOM, NET and ZEC became the week’s main volatility names.

Stock Highlights

1）ISM Manufacturing PMI Rises to 55.5, but AI Demand Cannot Offset Valuation Pressure｜★★★★☆

ISM manufacturing PMI rose to 55.5, showing continued expansion, with AI and data-center equipment demand supporting industrial activity. Price pressure and supply-chain tightness kept cost concerns alive. The impact was limited for QQQ, tech valuations stayed under pressure, and BTC’s risk-appetite recovery remained modest.

Watchlist: QQQ, BTC, ETH

Spot: QQQ / BTC / ETH

Futures: QQQ / BTC / ETH

2）JOLTS Rises as AAPL and PLTR Fail to Stabilize Tech Sentiment｜★★★★★

JOLTS job openings rose to around 7.5 million, showing resilient labor demand. AAPL reported record quarterly revenue, while PLTR beat expectations and raised guidance, but markets focused more on margins, backlog and AI valuation durability. AAPL and PLTR traded weaker after results, limiting QQQ upside and leaving BTC tied to risk sentiment.

Watchlist: AAPL, PLTR, QQQ, BTC

Spot: AAPL / PLTR / QQQ / BTC

Futures: AAPL / PLTR / QQQ / BTC

3）Midterm Results Land as Markets Shift From Relief to Policy-Risk Pricing｜★★★★★

After midterm results landed, Democrats gained a clear seat advantage, and markets initially traded lower policy uncertainty. The focus then shifted toward AI regulation, data-center construction restrictions, and tech valuation pressure. QQQ, AMD, SMCI and BTC saw sharp volatility, while election relief failed to create a sustained rebound.

Watchlist: QQQ, AMD, SMCI, BTC

Spot: QQQ / AMD / SMCI / BTC

Futures: QQQ / AMD / SMCI / BTC

4）AMD and SMCI Confirm AI Server Demand, but Strong Results Fail to Stop Valuation Pressure｜★★★★☆

AMD and SMCI earnings continued to point to strong AI chips, GPU server and data-center infrastructure demand, briefly supporting AI-server sentiment. Strong results did not turn into sustained upside, as investors focused on high valuations, capex returns and policy restrictions. AMD, SMCI, QQQ and BTC were later dragged lower by weakening risk appetite.

Watchlist: AMD, SMCI, QQQ, BTC

Spot: AMD / SMCI / QQQ / BTC

Futures: AMD / SMCI / QQQ / BTC

5）AI and Data-Center Restriction Fears Trigger Selloff as BTC Breaks $76K｜★★★★★

AI and data-center restriction expectations rose, while pressure from chip names such as QCOM and ARM pushed the market from “strong AI demand” into “policy risk and valuation compression” pricing. The Nasdaq fell about 5.5%, QQQ, ARM and QCOM weakened sharply, BTC broke below $76,000, and ETH, XRP and SOL also came under pressure as cross-market risk appetite cooled quickly.

Watchlist: ARM, QCOM, QQQ, BTC, ETH

Spot: ARM / QCOM / QQQ / BTC / ETH

Futures: ARM / QCOM / QQQ / BTC / ETH

6）ZEC Upgrade Narrative Keeps Privacy Assets Active in a Weak Tape｜★★★★☆

ZEC stayed in focus around the NU7 upgrade narrative, giving privacy assets a separate trading thread even as the broader crypto market weakened. The catalyst supported short-term attention and volatility, but BTC’s break below $76,000 limited broader crypto risk appetite.

Watchlist: ZEC, BTC

Spot: ZEC / BTC

Futures: ZEC / BTC

Today’s Preview

November 6 | Friday

1）NET Earnings Beat as Markets Wait for Payrolls to Set the Next Move｜★★★★★

NET reported third-quarter revenue growth of about 39% and crossed $3 billion in annualized revenue, showing continued strength in cloud security and enterprise networking demand. After Thursday’s selloff, markets focused on whether payrolls would confirm the next direction for yields and risk appetite. NET supported the cloud-security theme, while QQQ, BTC and ETH remained in a repair-and-repricing phase; stronger payroll pricing could extend downside volatility, while softer data could open an oversold rebound window.

Watchlist: NET, QQQ, BTC, ETH

Spot: NET / QQQ / BTC / ETH

Futures: NET / QQQ / BTC / ETH

Trade Global Markets on WEEX

Policy: After midterm results, markets shifted from lower uncertainty to repricing AI regulation and data-center restriction risk.

AI: AAPL, PLTR, AMD, SMCI and NET confirmed demand, but strong earnings could not offset policy risk and valuation pressure.

Crypto: BTC fell below $76,000 with tech risk appetite, major tokens weakened, and ZEC kept separate volatility from its upgrade narrative.

Risk Appetite: This was not a simple earnings week; policy risk triggered valuation compression, making rebound strength and second-wave downside the next key signals.

Trading Focus: Watch QQQ, BTC, ETH, AMD, SMCI, ARM, QCOM, NET and ZEC for rebound trades, downside continuation and short-term trend shifts.

Watchlist: QQQ, BTC, ETH, AMD, SMCI, ARM, QCOM, NET, ZEC

Spot: QQQ / BTC / ETH / AMD / SMCI / ARM / QCOM / NET / ZEC

Futures: QQQ / BTC / ETH / AMD / SMCI / ARM / QCOM / NET / ZEC

WEEX Proof of Reserves

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