The Brutalist Report - tech
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- No new articles in the Past 6 Hours.
- No new articles in the Past 6 Hours.
- Data center shares fall as investors expect slower AI buildout after Democrats win Congress; Hut 8 drops 23%, IREN 11%, Core Scientific 10%, Applied Digital 7% (Reuters) [2d]
- Figma reports Q3 revenue up 43% YoY to $391.4M, above est., gross margin of 80%, below 81% est., and lifts its 2026 revenue outlook; FIG drops 6%+ after hours (Deborah Mary Sophia/Reuters) [2d]
- Snap reports Q3 revenue up 14% YoY to $1.72B, in line with est., and DAUs up 4% to 495M, vs. 499M est.; SNAP drops 9%+ after hours (Spencer Soper/Bloomberg) [2d]
- Arm reports Q2 revenue up 27% YoY to $1.44B, vs. $1.38B est., royalty revenue up 8% to $670M, vs. $720.8M est., and licensing revenue up 50% to $773M (Reuters) [2d]
- Qualcomm reports Q4 revenue down 8% YoY to $10.3B, vs. $10.1B est., and handsets revenue down 26% to $5.14B, vs. $5.25B est.; QCOM drops 5%+ after hours (Ian King/Bloomberg) [2d]
- Meta raised €9B from its debut euro bond sale that drew a record €53B of orders, paying ~1.4x the risk premium Alphabet offered for similar bonds this week (Bloomberg) [2d]
- Sources: Apple cut some engineers' daily AI spending cap to $200 from $300 and plans cuts to as little as $100, as cost cutting stokes staff fears of layoffs (Mark Gurman/Bloomberg) [2d]
- Filing: AMD will pay ~$2.9B in cash and stock for AI chip startup Taalas, with $1.4B dependent on unspecified conditions; the deal was announced in August (Murad Hemmadi/Globe and Mail) [2d]
- Apple says it will check iCloud items shared to "Anyone with the link" for "harmful content" in 27.3 OS versions, and may delete the content or disable accounts (Ryan Christoffel/9to5Mac) [2d]
- Meta acquires Conductor, which lets developers run multiple AI coding agents in parallel; CEO Charlie Holtz says the team will join Meta Superintelligence Labs (Madison Mills/Axios) [2d]
- Shares of US tech giants jump after Democrats' midterm sweep as investors bet that a Democrat-controlled Congress will slow AI capex that's draining cash flow (Bloomberg) [2d]
- No new articles in the Past 6 Hours.
- No new articles in the Past 6 Hours.
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- Today’s NYT Wordle Hints, Answer and Help for Thursday, Nov. 5, #1965 [2d]
- Disneyland Is Training a Class of AI Robot Interns [2d]
- Alligator-Shaped Xbox Will Be Snapped Up by One Gamer [2d]
- PlayStation’s Early Black Friday Sale Is Here With Up to 70% Off Games, Plus Deals on PS5 Accessories [2d]
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