CNBC’s Club identifies ten items to watch on Friday, Oct. 23, as semiconductor and AI infrastructure stocks try to stabilize after plunging over concerns about how the AI buildout will be funded. WTI crude is back at $100 a barrel amid fears of an escalation in the Middle East conflict, while Treasury yields are higher after their largest single-day decline since March 2023. American Express raised its adjusted earnings-per-share outlook to $17.60-$17.90, while SLB, Western Digital and Bloom Energy topped revenue or earnings expectations despite declines in their shares. SK Hynix abandoned the planned U.S. listing of Solidigm, U.S. wireless carriers came under pressure amid SpaceX’s ambitions and Apple’s new foldable iPhones reached retail stores. The Club is up 28% year to date following back-to-back positive sessions.
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