Semiconductors, Technology & Software

  • Marvell Technology, Inc. (NASDAQ:MRVL) announced that it will showcase its AI data center infrastructure solutions at the 2026 Open Compute Project (OCP) Global Summit, scheduled for Oct. 12-15 in San Jose, California.
  • Meta Platforms, Inc. (NASDAQ:META) has immediately barred TikTok parent ByteDance from advertising on Facebook and Instagram in seven countries.
  • Meta and two Alphabet units, Google DeepMind and Isomorphic Labs, are jointly putting $300 million into a Mark Zuckerberg-backed effort to build AI models that can predict how living cells behave.
  • Meta Platforms is facing a U.K. investigation into whether Instagram’s new Instants feature received adequate safety checks before its launch.
  • Meta‘s new AI assistant, Muse, has gone to No. 1 on the U.S. App Store with more than 5 million downloads since it launched last month. Along the way, it’s been keeping a running file on people who never downloaded it.
  • Zhibao Technology Inc. (NASDAQ:ZBAO) shares surged after the Chinese insurance technology company, which provides digital insurance brokerage services, said it will proceed with a 1-for-50 reverse stock split.
  • Nvidia Corp. (NASDAQ:NVDA)-backed Firmus has reportedly shelved its AUD $7.1 billion ($4.95 billion) initial public offering in Australia after poor demand and volatile market conditions, and will raise money privately instead.
  • TSMC (NYSE:TSM) reported record third-quarter revenue of NT$1.49 trillion ($46.71 billion) Thursday, up 50% year over year and above analysts’ NT$1.46 trillion forecast.
  • GlobalFoundries Inc. (NASDAQ:GFS) shares traded higher Thursday after announcing a $2 billion, five-year manufacturing agreement with Taiwan Semiconductor Manufacturing Co. (NYSE:TSM).
  • Samsung Electronics Co. Ltd. (OTC:SSNLF) forecast a record $80 billion quarterly operating profit as AI demand sent memory chip prices soaring. But those same price increases are pushing its smartphone business deeper into losses.
  • Samsung guided for a rise in third-quarter profit and sales as artificial intelligence demand for memory chips tightens supply across the industry, though its shares in Seoul slipped less than 1%.
  • IonQ, Inc. (NYSE:IONQ) is strengthening its position in quantum computing as a new DARPA milestone adds government validation to the company’s technology roadmap and supports its push toward larger commercial deployments.
  • Applied Digital Corp. (NASDAQ:APLD) reported first-quarter revenue of $300.39 million, beating analyst estimates of $132.16 million and reported an adjusted loss of one cent per share for the quarter, beating estimates for a loss of 30 cents per share.
  • Applied Digital expects to secure 250 megawatts (MW) of artificial intelligence data center expansion leases by the end of the calendar year at rates that could exceed 15% of its previous contracts.
  • Broadcom Inc. (NASDAQ:AVGO) is reportedly pursuing more than $50 billion to finance custom artificial intelligence (AI) chips for OpenAI, while Oracle Corp. (NYSE:ORCL) separately seeks funding for a large-scale chip purchase.
  • CrowdStrike Holdings Inc. (NASDAQ:CRWD) said a suspected 26-year-old based in China’s Guangdong province may be linked to a cyber campaign targeting South Korean financial institutions that used AI tools to compromise customer data.
  • Regulators have ordered Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google to pause construction at two planned Finnish data centers pending environmental impact reviews.
  • Aehr Test Systems (NASDAQ) said Wednesday it received about $6 million in follow-on production orders from its lead hyperscale customer for testing a next-generation artificial intelligence processor.
  • Unity Software Inc. (NYSE:U) announced an AI gaming partnership with Alphabet Inc.’s Google.
  • Microsoft Corp. (NASDAQ:MSFT) is entering fiscal 2027 with multiple AI-driven growth engines, as Azure demand, its OpenAI economics, and emerging consumption-based Copilot pricing create additional monetization opportunities across the business.

Smartphones, Retail & Entertainment

  • Apple Inc. (NASDAQ:AAPL) has reportedly asked some suppliers to cut component orders for its latest flagship iPhones by at least 15%, as price increases driven partly by soaring AI-related memory costs weigh on demand.
  • Apple is reportedly planning a second product launch around Oct. 27, following its Oct. 13 “Welcome Home” launch focused on new smart home products.
  • Spotify Technology (NYSE:SPOT) announced that it has signed a new multiyear licensing agreement with Joe Rogan, extending a podcast partnership that began in 2020.
  • Spotify announced a major global expansion of its audiobook catalog at the Frankfurt Book Fair.
  • Alibaba Group (NYSE:BABA) has entered preliminary discussions with Spanish renewable-energy company Solaria about supplying electricity to a potential data center in Spain.
  • Amazon.com Inc. (NASDAQ:AMZN) has reportedly laid off fewer than 1,000 positions across multiple business units, with employees reporting cuts affecting teams in the U.S., India, and the U.K.
  • TikTok allegedly gave thousands of users, including teens and children, a nonfunctional version of its “Algo Refresh” safety feature while studying how the change affected engagement and advertising revenue, according to newly unsealed allegations.

Automobile, Aerospace & Defense

  • Ondas Inc. (NASDAQ:ONDS) is expanding its autonomous defense and security business through rising orders, acquisitions and broader customer adoption, while analysts point to the company’s exposure to several growing defense markets.
  • Space Exploration Technologies Corp. (NASDAQ:SPCX) or SpaceX has already agreed to acquire Grain Management‘s nationwide portfolio of low-band wireless spectrum licenses, advancing its push to compete with Verizon Communications Inc. (NYSE:VZ), AT&T Inc. (NYSE:T) and T-Mobile Us Inc (NASDAQ:TMUS).
  • Space Exploration Technologies Corp. is seeking $40 billion in financing to purchase artificial intelligence chips from NVIDIA.
  • Tesla Inc. (NASDAQ:TSLA) delivered 95,366 China-made electric vehicles in September, extending its annual sales growth streak even as global third-quarter deliveries declined.
  • Tesla has begun replacing its “Full Self-Driving (Supervised)” branding on European websites with “Tesla Assisted Driving," a move that comes after German officials criticized the FSD name as potentially misleading because the system still requires driver supervision.
  • Elon Musk had ambitious goals for the Cybertruck, the electric pickup truck released by Tesla in 2023. Three years later, the goals have been crushed and demand remains well below ambitious targets.
  • Ford Motor Co. (NYSE:F) CEO Jim Farley said that the automaker’s Universal EV Platform will use their onboard computers to verify key assembly connections during production, as the automaker works to improve quality after a high number of recalls.

Artificial Intelligence & Financing

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