Archive snapshot · Economy
Fri, Oct 30, 3:16 AM ET
Tech selloff deepens as Amazon, Intel shares fall on disappointing earnings and AI capex surge
Wall Street's second straight day of AI-trade rotation came after Amazon reported slower core e-commerce growth and higher capital spending while Intel's foreca
Bloomberg · +10 outlets
Binance suspends deposits and withdrawals after $6.3 billion hack, industry's largest ever
The scale of the breach is a fresh blow to efforts to bring digital assets into the mainstream, with recovery of the stolen Bitcoin seen as unlikely.
Bloomberg · +13 outlets
Big Tech's $750 billion AI bet collides with slowing core advertising, consumer and retail growth
The legacy businesses funding this year's record AI spending are showing signs of deceleration, unsettling the market narrative around the AI trade.
Bloomberg · +5 outlets
Investors may have bought all the AI bonds they can handle as supply chokes the market
Global bond sales hit a record on the back of AI-related borrowing, and prices are starting to signal buyer fatigue and rising risk gauges for issuers like Goog
Bloomberg · +14 outlets
Microsoft plans to raise $25 billion in debt to fund its AI buildout
The debt sale adds to a record wave of AI-related borrowing that is increasingly drawing scrutiny from bond investors.
CNBC · +10 outlets
Reddit to require users to log in, sending shares lower on traffic and sales-outlook worries
Reddit's CEO also said Google's AI search modes do not drive traffic to the platform, echoing publisher concerns about AI-era referrals.
Bloomberg · +14 outlets
Nvidia in talks to provide credit guarantees for Nscale data center used by Anthropic
The arrangement would extend Nvidia's role beyond chip supply into financing the AI data center buildout, a practice drawing growing market scrutiny.
Bloomberg · +14 outlets
Samsung Electronics shares slide despite record third-quarter profit
The muted reaction underscores how much AI-cycle expectations, not current results, are driving chip stock valuations.
CNBC · +12 outlets
Asia stocks under pressure as haven bid boosts bonds
Deepening concerns about how Big Tech funds its AI ambitions weighed on Asian chip shares and drove investors toward fixed income.
Bloomberg.com · +1 outlets
Intel says budget Wildcat Lake laptop chips are sold out as demand outstrips supply
The chipmaker's CEO cited a memory shortage and strong demand for affordable PCs even as its overall forecast disappointed investors.
The Verge · +14 outlets
Canada and Nvidia back Cohere in round valuing the AI firm above $20 billion
The sovereign-backed stake marks Canada's entry into the AI race and one of the largest valuations for an enterprise AI model developer.
Bloomberg.com · +14 outlets
Roblox shares fall after reporting a year-over-year decline in daily users
Roblox attributed the engagement drop to more robust child-safety measures deployed on the platform.
Bloomberg · +14 outlets
Murata to invest $6.4 billion over five years to more than double MLCC output for AI
The capacitor maker is expanding capacity to meet unprecedented demand from AI data center operators.
Bloomberg
Yen extends gains after Bank of Japan keeps interest rates steady
The BOJ's hold and currency move feed into a broader haven bid lifting bonds as Asia stocks came under pressure.
Bloomberg.com · +14 outlets
India's AM Intelligence seeks up to $3 billion in financing for Nvidia chip order
The raise is the latest sign of AI infrastructure firms leaning on debt and equity markets to fund large accelerator purchases.
Bloomberg · +8 outlets
Patrick Stewart, Star Trek's Captain Picard and X-Men's Charles Xavier, dies at 86
The actor died in Los Angeles following a brief illness, according to a message posted to his Instagram account.
Variety · +13 outlets
Microsoft, Alphabet Have a Lot to Prove to AI Skeptics
Microsoft and Alphabet face pressure to prove AI spending will pay off as investors reassess the debt funding the buildout.
Bloomberg
Envision plans to finish 3 gigawatt Inner Mongolia data center by 2028
The renewable-powered Galaxy Campus reflects China's push to build AI data center capacity and export that model globally.
Bloomberg

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