Business Trends
A worldwide Microsoft 365 outage disrupted email, collaboration, and AI tools across 74 countries. Services were recovering Friday, while Microsoft shares stabilized as the incident raised questions about infrastructure reliability and dependence on connected workplace platforms.
Earnings
Intuitive Machines shares surged after record third-quarter revenue, improved cash flow, and a growing contract backlog exceeded expectations. A modest reduction in annual guidance and lingering profitability concerns remain important as the company expands its space infrastructure business.
Earnings
Nebius shares plunged after the AI cloud provider lowered its 2026 revenue outlook and raised its spending plans. Record demand and improving profitability were overshadowed by deployment delays, financing concerns, and broader pressure on AI infrastructure stocks.
Business Trends
Nvidia shares plunged after co-founder Jensen Huang resigned as CEO amid allegations involving personal relationships and potential national security concerns. The leadership transition has intensified investor scrutiny ahead of the company's November 17 earnings report.
Business Trends
Costco announced a $30-per-share special dividend and renewed its $4 billion share buyback program, highlighting strong cash generation. Shares advanced modestly as investors weighed substantial shareholder returns against the retailer's premium valuation.
Economy
U.S. inflation exceeded expectations in October, increasing pressure on the Federal Reserve to raise interest rates in December. Treasury yields surged, while technology stocks weighed on major indexes despite a late-session recovery.
Innovation & Tech
Anthropic’s planned $1 trillion IPO includes a $26 billion investment commitment from major technology companies, including Micron. The offering highlights growing AI financing needs as memory-chip stocks face valuation pressure and uncertainty over data-center spending.
Earnings
Take-Two Interactive shares rallied as strong Grand Theft Auto VI preorders overshadowed weaker quarterly bookings and cautious guidance. The November 19 launch now takes center stage for investors.
Earnings
The Trade Desk (TTD) exceeded third-quarter expectations, but declining revenue, weaker margins, and a cautious fourth-quarter outlook highlight continuing challenges in its advertising business.
Earnings
On Holding shares fell nearly 8% despite record quarterly sales and stronger gross margins. A one-time tariff refund boosted earnings, while unchanged revenue and underlying profit guidance tempered investor enthusiasm.
Innovation & Tech
AMD shares jumped more than 12% after Oppenheimer upgraded the chipmaker and Google Cloud selected EPYC processors for its new TPU 8tx system. Strong data center demand and an improving AI growth outlook supported the rally.
Innovation & Tech
Apple CEO John Ternus is reportedly pressing for faster AI development and more ambitious Siri capabilities. The push comes as Apple balances product momentum and strong earnings against rising memory costs, competitive pressure and a premium stock valuation.