Meta stock drops 10% as heightened AI spending overshadows strong third-quarter results
Meta's results raised skepticism over the payoff from its aggressive artificial intelligence spending plans and overshadowed strong results. ...
Economy
SK Hynix, a critical Nvidia supplier, has already sold out chips for 2026 as AI demand booms
SK Hynix posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in…
UBS CEO says strategic investments are paying off as third-quarter profit surges 74%
Swiss banking giant UBS on Wednesday reported stronger-than-expected third-quarter net profit, citing significant momentum in its core businesses. ...
The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect
The easy part for the Federal Reserve this week will be announcing a rate cut when it wraps up its…
Jensen Huang says Nvidia’s AI chips are now being manufactured in Arizona
Previously, Nvidia's fastest GPUs were solely manufactured in Taiwan. ...
Trump says fentanyl tariff cut, ‘farmers,’ Nvidia chips up for discussion with Xi as China confirms meeting
Trump said he expects to lower fentanyl-linked tariffs on China ahead of a much-anticipated meeting with Chinese Xi Jinping in…
iRobot stock tumbles 33% after Roomba maker warns the search for a buyer has stalled
The Roomba maker's financial condition has worsened since Amazon abandoned its planned acquisition of the company in 2024. ...
Qualcomm announces AI chips to compete with AMD and Nvidia — stock soars 11%
The AI200, expected in 2026, and the AI250, planned for 2027, both can come in a system that fills up…
Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says
Tesla Board Chair Robyn Denholm said Elon Musk is key to the future of the EV maker as it focuses…