10-15
ASML Sees AI Chip Demand Stretching Into 2030, Expects Capacity Shortages Through 2028
ASML reported record third-quarter net sales of €11.66 billion and net income of €4.96 billion. The company raised the lower end of its 2026 revenue guidance to €44 billion from €43 billion, while keeping the upper end at €45 billion. ASML also warned that its currently planned 2027–2028 capacity will fall short of customer demand, with AI chip demand expected to run through 2030. Fourth-quarter revenue guidance was set at €14.2 billion to €15.2 billion.
10-15
10-15
September CPI Tops Forecasts; Geopolitical Tensions Climb, Stocks Fall
U.S. September CPI rose 3.7% year over year, above the 3.6% expected. The monthly reading climbed 0.6%, with more than half of the increase driven by gasoline prices. The hotter-than-expected inflation data pushed the probability of a Federal Reserve rate hike at its October meeting to almost 35%, touching 49% at one point during the session. All three major U.S. indexes fell, with the Dow Jones Industrial Average down 0.09%, the S&P 500 down 1.10% and the Nasdaq Composite plunging 1.88% as AI-related stocks weighed on the tech-heavy index.
10-15
10-14
Meta Unveils New Frontier AI Models, Expanding Its AI Footprint; Shares Climb
Meta released new frontier models, Muse Wonder and Muse Wonder Full, which it says deliver state-of-the-art performance on personal and professional agentic tasks. The company is iterating quickly and widening its AI presence, aiming to bring a powerful personal agent to billions of users. Meta shares rose nearly 2.5% on the news. Analyst Doug Anmuth raised his price target on the stock to $920, saying the company is moving toward superintelligence.
10-14
10-9
OpenAI projects $70 billion annualized revenue by end-2026, up 40% from September
OpenAI said its annualized revenue in September was $50 billion, below the $68 billion previously reported, a revision that weighed on stocks on Thursday. The company now expects annualized revenue to reach $70 billion by the end of 2026, up 40% from September. OpenAI is also seeking to raise at least $30 billion at a $1.4 trillion valuation, after raising $122 billion in March at a $852 billion valuation.
10-9
10-3
Nike shares slide as revenue outlook weakens and $2.5 billion cost-cutting plan points to more layoffs
Nike reported fiscal first-quarter revenue of $11.2 billion, down 4% year over year, as weakness in Greater China outweighed growth in North America. Net income fell to $712 million. The company said its new operating model is designed to deliver $2.5 billion in cost savings by 2031 and will include additional layoffs starting in calendar 2027. Citi kept a “neutral” rating, citing sales guidance below market expectations, as the stock is down nearly 45% since the beginning of the year.
10-3