Friday, October 30, 2026 · 1:10 AM ET
Earnings · WSJ
Alphabet is on course to shed more than $500 billion in market value — the second-largest one-day loss for any U.S. company ever — after Q3 revenue came in lighter than expected, with core search growth slowing as less-profitable 'AI mode' searches gain share. Free cash flow also fell short as the company burned cash faster on its AI buildout.
Earnings · WSJ
Microsoft reported higher profit as Azure and overall cloud growth accelerated, helping ease investor jitters about the returns on its massive AI build-out.
Earnings · WSJ
ServiceNow was the worst-performing stock in the S&P 500 after posting its first earnings-per-share miss in six quarters and a light fourth-quarter revenue outlook, overshadowing a raised full-year subscription/AI target. Revenue still rose about 20% to $4.11 billion.
Earnings · WSJ
Fortinet shares dropped sharply even after an earnings beat, as weaker-than-hoped billings growth spooked investors; Q3 revenue climbed about 20% to $2.08 billion with adjusted EPS of $0.91. The slide dragged other enterprise-software names lower.
M&A · WSJ
DoorDash agreed to acquire Instacart for roughly $17 billion — $65.00 per share, a 26% premium to Instacart's Oct. 22 close — uniting two delivery giants to take on Walmart and Amazon in grocery. DoorDash shares jumped more than 8% premarket on the news.
Markets · Bloomberg
Microsoft is preparing its first U.S. bond offering since 2017, seeking at least $25 billion, as it turns to the debt markets to help finance its surging AI and data-center capital spending.
Chips · Bloomberg
Samsung Electronics, the world's largest memory-chip maker, offered a bullish outlook on AI-driven memory demand and posted another near-record quarter, but shares slid after the company hiked AI spending and offered scant detail on investor returns, dashing hopes for a bigger shareholder payout.
Chips · WSJ
Be Semiconductor Industries stock rose more than 8% after chip-equipment maker Applied Materials said it would increase its stake in the company to 20% of outstanding shares, deepening a tie-up in advanced chip-packaging tools used for AI processors.
Chips · Bloomberg
STMicroelectronics projected a return to growth, telling investors that demand across its chip end-markets is recovering, a more upbeat signal for the broader semiconductor cycle after a prolonged downturn.
AI · Bloomberg
Wabi, an AI assistant startup, raised $55 million in a funding round that values the company at $1.25 billion, underscoring continued investor appetite for consumer-facing AI application startups even amid broader AI-trade jitters.
Fintech · WSJ
Prediction-market exchange Kalshi raised a new funding round that lifts its valuation to roughly $40 billion, a sharp markup for the fast-growing event-contracts platform as trading volumes and investor interest in prediction markets surge.
Earnings · WSJ
Amazon fell in after-hours trading after Q3 revenue of about $201.9 billion (up 12%) missed Wall Street and its holiday-quarter sales forecast disappointed, overshadowing AWS cloud growth that was the fastest in roughly five years. Free cash flow plunged as the company spent heavily on its AI build-out.
Earnings · WSJ
Intel beat on Q3 revenue of about $16.51 billion (up roughly 21% year over year) and adjusted EPS of 52 cents (vs. 40 cents expected) but guided fourth-quarter sales and margins well below expectations, blaming a PC slowdown and supply constraints, sending shares down about 17% after hours.
Earnings · Bloomberg
Roblox dropped about 11% after hours after Q3 revenue of $1.57 billion missed the $1.63 billion estimate and its bookings outlook came in soft, even with 138 million daily active users and a hit game ('Steal An Egg'). The company posted a net loss of about $230 million.
Earnings · WSJ
Corning reported Q3 revenue up 19% and net income up about 80% to $532 million as optical-communications sales surged 44% on booming AI data-center demand. The company guided fourth-quarter revenue to roughly $5.2–5.3 billion.
AI · Bloomberg
Canadian AI company Cohere is raising a Series E of up to C$7 billion (about $5 billion) at a roughly $20.5 billion pre-money valuation — about triple its worth a year ago — with the Government of Canada taking a stake of around $1.6 billion alongside Nvidia, Germany's Schwarz Group and telecom BCE.
AI · The Information
Google and Waymo veteran Sebastian Thrun and co-founder Adrian Aoun raised a $130 million seed round for Dulo, a San Francisco startup building AI foundation models for hardware design, with backing from former Google CEO Eric Schmidt and Kleiner Perkins chairman John Doerr.
Earnings · CNBC
Reddit topped estimates with Q3 revenue up 53% to $895 million and net income up 74% to $283 million (adjusted EPS $1.40 vs. $1.33 expected), but shares fell about 12-13% after hours on weaker-than-hoped Q4 sales guidance and plans to test a login requirement as Google search-referral traffic to the site shrinks.
Earnings · CNBC
Pinterest reported Q3 revenue of $1.17 billion, up 12% but short of the ~$1.21 billion expected, with GAAP net income down about 77% to $21.5 million and adjusted EBITDA of $339 million. A below-consensus Q4 outlook and rising costs (cost of revenue up 23% as it adds GPUs) sent shares down roughly 14% after hours, even as users hit a record.
Earnings · WSJ
Sandisk's fiscal Q1 revenue soared to $11.03 billion from $2.31 billion a year earlier (up 378%), beating the ~$10.72 billion expected, with adjusted EPS of $49.51 topping estimates as AI data-center demand drove a NAND flash pricing surge; data-center revenue hit $4.8 billion. The company guided next-quarter revenue to $12.2-12.6 billion, said long-term orders now extend to 2030, and announced an 8-for-1 stock split.
AI · The Information
Chinese AI model developer DeepSeek's nearly $16 billion funding round this month drew a who's who of Chinese tech investors alongside some of the country's most powerful state-backed institutions, according to details obtained by The Information. It was only the three-year-old company's second fundraising; DeepSeek had eschewed outside capital until its first raise in April.
AI · Bloomberg
An Indian artificial-intelligence company is seeking roughly $3 billion in financing to fund a large order of Nvidia AI chips, underscoring the capital intensity of AI data-center buildouts outside the US and the lengths to which newcomers are going to secure scarce accelerator supply.
AI · Bloomberg
Bloomberg reported that Anthropic is the mystery 'Customer B' disclosed in a SpaceX filing that accounted for about 34.5% of SpaceX's revenue last quarter, a compute-related arrangement worth roughly $3 billion a month (rising to about $3.1 billion monthly starting in December). The scale makes the AI lab SpaceX's single largest revenue source, surpassing the US government.