Wednesday, October 21, 2026 · 1:10 AM ET
Earnings
SpaceX posted Q3 revenue of $14.6B (+161% YoY), EPS $0.35 and net income $4.4B, with adjusted EBITDA up 306% to $8.8B. Space Intelligence revenue soared 830% to $7.6B to become its largest segment, and Musk outlined plans for up to 20 GW of AI-compute capacity by end-2027.
AI · IPO
Anthropic's draft prospectus reportedly shows H1 2026 revenue surging ~15x YoY to $16.3B with an $80.7B net loss (about $72B tied to financing-related accounting). It has committed ~$450B to cloud contracts plus $160B+ for Broadcom/Google-designed chips, with total compute commitments potentially nearing $750B, targeting an IPO valuation approaching $2T.
Earnings
Supermicro raised its preliminary Q1 FY2027 revenue guidance to $18.5B-$19.5B from $14.5B-$15.5B (+27% at midpoint) and lifted gross-margin guidance to 12.0%-12.5%, citing accelerating AI-platform demand and a more favorable product mix.
Markets
Citadel founder Ken Griffin said investors are 'almost certainly' in an AI bubble given the scale of capital being deployed versus proven productivity gains, pointing to Anthropic's reported ~$750B compute plans, while remaining bullish on AI's long-term transformative potential.
Markets
The most active options by contracts traded were NVDA (2.3M), AAPL (1.0M), SPCX (992K), NFLX (876K), MU (850K), TSLA (843K), AMZN (824K), CRWV (785K), INTC (621K) and AMD (480K).
Geopolitics
Iranian FM Abbas Araghchi said U.S.-Iran negotiations continue via mediators including Pakistan and Qatar but accused Washington of complicating a proposed seven-day agreement by adding conditions. Tehran's proposal called for the Strait of Hormuz to reopen on day six; the outcome remains uncertain.
Macro
U.S. pending home sales fell 7.3% in September to the lowest level on record (data back to 2001), led by a 9.2% drop in the West and an 8.2% contraction in the South, underscoring continued housing-market paralysis amid elevated mortgage rates.
AI Infrastructure
Amazon plans to invest EUR16B ($18B) in Germany in 2027, including EUR4.8B for AWS's Frankfurt region and a second AI/robotics research lab in Berlin, plus 24 Arianespace launches for its Leo satellite network and new logistics projects, lifting its cumulative German investment above EUR100B since 2010.
AI Infrastructure
Meta finished phase one of its gigawatt-scale Prometheus AI supercluster in Ohio, linking hundreds of thousands of NVIDIA GB200/GB300 GPUs (scaling toward 1M) and used to train its Muse Wonder models. Reliability work with NVIDIA cut training interruptions 99% from their peak.
Earnings
Netflix reported Q3 revenue of $12.87B (+12%) and EPS of $0.87 (beat $0.82), with operating margin up 640bps to 34.6%. But it cut FY2026 free-cash-flow guidance to $12B from $12.5B and ad revenue to ~$2.7B from $3B, and guided Q4 revenue and EPS below consensus.
Markets
Citadel Securities strategist Scott Rubner said AI stocks could resume outperforming after the U.S. midterm elections, as institutional investors wait for political uncertainty to clear before adding exposure, with some clients 'happy to buy higher, but not buy now into a major political event,' per Bloomberg.
AI Infrastructure
Amazon is reportedly accelerating purchases of NVIDIA AI server racks, but power shortages and data-center delays are leaving some expensive equipment idle. AWS projected roughly $5B in GB300 rack deliveries in August then about $3B/month, as Amazon faces ~$220B of 2026 capex and turned free-cash-flow negative last quarter.
M&A · Bloomberg
Salesforce agreed to acquire Braze, an AI-powered customer-engagement and marketing platform, for almost $5.7 billion in enterprise value, extending its push to bolt AI tools onto its cloud software suite.
AI Infrastructure · The Information
CoreWeave's aggressive, debt-funded data-center buildout—financed by Blackstone and other lenders—has reached a precarious point as investors scrutinize the AI cloud provider's heavy leverage and repayment risk.
AI Infrastructure · WSJ
Amazon committed over $17 billion to expand its operations in Germany, including cloud and data-center capacity, deepening its AI-infrastructure footprint across Europe.
Cloud & IPOs · WSJ
Southeast Asian tech group Sea plans to launch an enterprise cloud business and is weighing a public listing of its SeaMoney financial-services arm, its CEO said.
AI Deals · WSJ
AstraZeneca partnered with Oracle to apply AI to its clinical-research data, expanding Oracle's effort to embed its AI health-cloud tools with large pharmaceutical customers.
Markets · FT
Mounting concern over the debt financing behind the AI and data-center boom has driven a sharp rise in trading of credit-default swaps tied to heavily exposed technology and infrastructure borrowers.
AI Funding · Bloomberg
ASI (formerly Air Space Intelligence) raised a $325 million Series C led by Spark Capital, with Craft Ventures, Andreessen Horowitz and affiliates of Citadel Securities participating, valuing the Boston-based startup at $3 billion as it scales AI used by the military, airlines and air-traffic controllers.
AI Infrastructure · Bloomberg
Barclays analysts warned that makers of power and electrical equipment for data centers—including Siemens Energy, ABB and Schneider Electric—face a growing risk of a pricing squeeze from top AI labs, signaling the super-cycle that drove their strong returns may be peaking.
Earnings · WSJ
SpaceX reported $14.6 billion in third-quarter revenue, up 161% year over year and its first profit since going public, with growth supercharged by its AI segment alongside space and connectivity; capital spending topped $19 billion.
Earnings · WSJ
Netflix reported revenue of $12.9 billion, up 12% and its slowest quarterly growth in three years, with net income of $3.66 billion (up ~44%); it gave a downbeat outlook and is cutting staff and overhauling creative leadership as viewership growth stalls.
Earnings · Bloomberg
Super Micro Computer rose in late trading after preliminary results for the quarter ended Sept. 30 showed sales of $18.5 billion to $19.5 billion, far above the roughly $15 billion analysts expected, with gross margins of 12% to 12.5%.
IPO · WSJ
A draft prospectus for Anthropic's planned mega-IPO disclosed breakneck revenue growth alongside an $80.7 billion net loss for the first half of 2026, a narrow customer base, and potential spending of up to $750 billion on computing capacity in coming years.
M&A · The Information
OpenAI acquired drug-development company Orchestra Bio, an early step toward its long-stated goal of using its AI technology to help discover new medicines.
AI Infrastructure · The Information
Compute Labs launched a service to match GPU buyers with lenders as its deal pipeline soared past $1 billion, underscoring the growing financial engineering behind the AI data-center buildout.
AI Infrastructure · The Information
Nvidia is in talks to invest hundreds of millions of dollars in Australian AI cloud provider Firmus, which abruptly pulled its IPO this month. The Information reports Nvidia now has more than $170B riding on a group of debt-laden 'neocloud' GPU providers facing financial strain.
AI Infrastructure · Bloomberg
Australian data-center operator Nextdc saw shares plunge as much as 45% after it cut earnings guidance by more than a third, flagged possible force majeure, and paused all new projects and land acquisitions as community opposition delayed power to a major Melbourne site, rippling across local peers.
IPO · Bloomberg
Singapore-based DayOne Data Centers is weighing options for its US IPO, including a delay or a smaller listing that may raise $2.5B-$3B, roughly half its original target, as volatility around data-center stocks increases.
AI Infrastructure · The Information
Insurance giants have pumped more than $740 million into CoreWeave debt tied to its Meta data-center deal, as AI data-center developers hunt for capital and insurers seek high-quality, high-yield debt.