AMD jumps 8% after Q3 earnings beat, data center revenue nearly doubles
AMD's AI-chip driven results and a 2027 forecast of more than 80% revenue growth eased investor concerns about the sustainability of AI spending.
CNBC · +14 outlets
S&P 500 snaps three-day skid as chip stocks rebound on Election Day
Major indexes split as the Nasdaq rose on a semiconductor rally while the Dow fell on Apple weakness, with investors awaiting midterm election results.
CNBC · +15 outlets
Apple stock sinks as memory cost pressure drives disappointing gross margin outlook
Apple's shares fell nearly 2% after its margin guidance and slowing services growth disappointed Wall Street, marking incoming CEO John Ternus's first earnings
CNBC · +8 outlets
S&P 500 futures dip as investors await US midterm election results
Wall Street weighed how a possible Democratic sweep could affect stocks, Treasury yields, energy, banks and healthcare, with nearly $1.9 billion traded on midte
Investing · +13 outlets
Meta seeks to raise up to $25 billion in bond sale as AI spending jumps
Meta's debt sale comes as tech giants' hidden AI-related debt swelled 90% to $3.2 trillion in six months, raising questions about the financing of the AI buildo
CNBC · +14 outlets
CVS Health explores breakup of retail pharmacy and insurance businesses
The move would dismantle CVS's $117 billion healthcare empire and marks a strategic reversal for one of the largest US healthcare conglomerates.
Reuters · +13 outlets
Super Micro stock pops as earnings show booming demand for AI servers
Super Micro topped quarterly estimates and offered a strong outlook, citing a high-quality customer base fueling AI server revenue growth.
MarketWatch · +2 outlets
Marvell to buy Lumentum in $80 billion AI-driven deal; analysts downgrade Marvell
The large semiconductor merger, driven by the AI boom, prompted analyst downgrades and price target cuts for Marvell over integration and valuation concerns.
Yahoo Finance · +7 outlets
Shopify stock slides as Q3 revenue and merchandise volume miss estimates
The earnings miss and slowing merchandise sales alarmed Wall Street amid a less forgiving market for high-multiple tech names.
MarketWatch · +12 outlets
Disney plans several thousand layoffs, asks managers to cut costs up to 20%
The cuts are the entertainment giant's latest and largest round of job reductions this year as it targets cost savings.
CNBC · +14 outlets
Job openings jumped to 7.52 million in September, beating forecasts
The BLS report showed a 333,000 monthly increase in job openings and the lowest layoffs in 1-1/2 years, a positive sign for the labor market ahead of payrolls.
CNBC · +8 outlets
Microsoft-backed Anthropic heads toward IPO at valuation near $1.5 trillion
Anthropic's listing is being framed as a referendum on Big Tech's AI exposure, with investors pushing for a cautious valuation and Wall Street banks watching cl
MarketWatch · +6 outlets
Binance says hackers used fake job interviews and AI tool to steal $6.3 billion
Binance has replenished 98% of affected assets after the breach, which put crypto custody and infrastructure at the center of the sector's next phase.
CNBC · +14 outlets
Palantir quarter shows slowing AI-fueled sales growth, stock under pressure
Palantir's earnings beat masked a foreboding slowdown signal in contract growth, dragging on a stock caught in the broader AI selloff.
TechCrunch · +10 outlets
Ackman presses for Fannie Mae and Freddie Mac exit from conservatorship
The billionaire investor sees the midterm elections as a possible turning point for releasing the mortgage giants from government control.
CNBC · +13 outlets
Nvidia overtakes Apple as tech stocks lift Wall Street despite Apple drop
Gains in Nvidia and other Big Tech names offset weakness in Apple, underscoring the shifting leadership in the market's largest companies.
hngnews.com · +13 outlets
CrowdStrike launches AI kill switch to stop rogue internal agents
CrowdStrike says the feature can halt internal AI agents, block relaunches and cut network access, as vendors race to secure enterprise AI deployments.
CNBC
Saudi Aramco profit jumps despite attacks on pipelines and refineries
The earnings surge offers some relief to Saudi finances even as higher oil prices fail to solve the kingdom's longer-term budget pressures.
The New York Times