Apple CEO John Ternus warned that memory costs will continue rising beyond the December quarter, after the company issued a gross margin forecast of 45%–46% that missed Wall Street's 46.3% estimate, sending shares down nearly 4% in premarket trading.
Brookfield and Drax Group have agreed to jointly develop an AI data center exceeding one gigawatt at a North Yorkshire power station, with total investment potentially surpassing £20 billion ($26.8 billion), even as senior finance executives warn of mounting debt risks tied to the global AI infrastructure buildout.
The Supreme Court on Monday denied the Justice Department's emergency request to stop California from counting mail-in ballots from roughly 20,000 voters the government says may not be U.S. citizens, one day before the November 3 midterm elections.
Intel's stock fell 45% in October — its steepest monthly decline on record — after a revenue warning tied to a weakening PC market, raising fresh doubts about the viability of the company's foundry ambitions.
Oracle filed to raise $20 billion in stock and bonds, Anthropic disclosed $33.24 billion in nine-month revenue ahead of its IPO, and Marvell announced an all-stock deal valuing Lumentum at $115 billion — all on the same Monday morning.
Marvell Technology will acquire optical-components maker Lumentum in a $115 billion all-stock deal, betting that demand for high-speed data-center interconnects will continue to grow alongside AI infrastructure spending.
JPMorgan Chase, Amazon, and several major retailers are blocking third-party AI personal agents like Meta's Muse, citing security risks — but analysts at Accenture warn that resisting the shift may prove difficult as consumer demand grows and competitors like Walmart open their platforms.
Apple CEO John Ternus warned that memory costs will continue rising beyond the December quarter, after the company issued a gross margin forecast of 45%–46% that missed Wall Street's 46.3% estimate, sending shares down nearly 4% in premarket trading.
Intel's stock fell 45% in October — its steepest monthly decline on record — after a revenue warning tied to a weakening PC market, raising fresh doubts about the viability of the company's foundry ambitions.
A bruising October for technology stocks — the Nasdaq-100 finished the month down nearly 7% — sent investors rotating into consumer staples, which surged 11.4%, as a packed week of earnings, the midterm elections, and the jobs report looms.
Brookfield and Drax Group have agreed to jointly develop an AI data center exceeding one gigawatt at a North Yorkshire power station, with total investment potentially surpassing £20 billion ($26.8 billion), even as senior finance executives warn of mounting debt risks tied to the global AI infrastructure buildout.
Oracle filed to raise $20 billion in stock and bonds, Anthropic disclosed $33.24 billion in nine-month revenue ahead of its IPO, and Marvell announced an all-stock deal valuing Lumentum at $115 billion — all on the same Monday morning.
Marvell Technology will acquire optical-components maker Lumentum in a $115 billion all-stock deal, betting that demand for high-speed data-center interconnects will continue to grow alongside AI infrastructure spending.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.