AMD

Wall Street’s AI trade just had its worst day in more than six years. The Nasdaq 100 fell 6.4% on Thursday, erasing a record $2.3 trillion in market value in a single session as investors dumped chip stocks and AI names after the Democrats’ midterm sweep. It was the tech-heavy index’s worst day since March 16, 2020, at the height of the Covid crash. The Nasdaq Composite dropped 5.5%, the S&P 500 lost 4.4% in its worst session since April 2025, and the Dow fell 3.44%, or 1,833 points. All 30 Dow stocks finished in the red. ...

US stocks tumbled on Thursday, November 5, wiping out the previous session’s post-midterm rally as investors sold chip and AI stocks. The Nasdaq Composite fell more than 4% to 24,655.51, the S&P 500 dropped 3.11% and the Dow lost 2.36%, with over $2 trillion in market value erased. Full story in slides above — Sources: Reuters, CNBC via Business Today, The Economic Times, November 5, 2026.

AMD just gave the AI spending debate its loudest answer yet. The chipmaker reported third-quarter results after the closing bell on Tuesday, November 3, and the numbers landed on the bullish side of nearly every line that mattered: record revenue, a data center business that nearly doubled, and a fourth-quarter forecast well above what Wall Street had penciled in. Shares rose about 8% in extended trading after the release, according to Reuters, a move that capped a regular session in which the stock had already gained 3.65%. It was the kind of reaction that says less about one quarter and more about the question hanging over the whole AI trade: is the infrastructure spending still accelerating, or starting to cool? ...

Meta went to Wall Street for money on Monday, and it didn’t ask for a little. The Facebook parent launched about $35 billion in stock offerings on October 26, 2026, to help pay for the data centers, chips and AI systems behind its “personal superintelligence” push. Shares had closed Friday at $642.62, and trading turned choppy in the premarket hours after the announcement. That’s a lot of stock. The $35 billion stock sale, piece by piece The offering comes in two parts, according to Meta’s announcement and filings reported by Reuters and Bloomberg. About $22.5 billion is Class A common stock, sold through forward sale agreements with Morgan Stanley and Goldman Sachs as lead bookrunners. The other roughly $12.5 billion is depositary shares representing mandatory convertible preferred stock, which convert automatically into common stock around August 15, 2029. Don’t expect Meta to bank the forward-sale cash right away. Under a forward sale, banks borrow shares and sell them now, and Meta receives cash at settlement, which is due no later than November 19, 2027, if it settles by delivering new shares. ...

The Trump administration secured $2.4 billion in compute and AI commitments from Silicon Valley at the October 8 “Science: A New Golden Age” summit in Washington to expand the Genesis Mission across more than 15 federal agencies. Full story in slides above — Sources: Techstrong.ai, The Straits Times, October 9–10, 2026.

President Trump will honor Elon Musk and five other tech leaders with the nation’s highest awards for science and technology at today’s “Science: A New Golden Age” summit, per the White House. Full story in slides above — sources: USA Today, AFP via Malay Mail, October 8, 2026.

Sony has launched QSSR (Quick Spectral Super Resolution), a new AI upscaling tier that brings sharper, steadier graphics to the standard PlayStation 5 — a perk previously locked to the PS5 Pro. Marvel’s Wolverine and Ghost of Yōtei already support it via free Oct 1 patches, and Sony says every PlayStation developer can now build it into their games. Sources: PlayStation Blog announcement (Oct 1, 2026) via Dot Esports and Unite.AI; Digital Foundry early testing cited by Dot Esports. ...

AMD doesn’t want to just sell the picks and shovels anymore. It wants to know exactly what the next gold rush will need. It’s spending $8.2 billion to find out. The chipmaker announced Monday it will acquire World Labs, the spatial-intelligence startup founded by AI pioneer Fei-Fei Li, in an all-stock deal valued at $8.2 billion. The companies expect it to close by the end of 2026, pending regulatory approvals. ...

AMD agreed to acquire World Labs, the AI startup founded by renowned computer scientist Li Fei-Fei, in an all-stock deal worth $8.2 billion announced Monday. The move steps up AMD’s challenge to Nvidia in the race to power the next wave of AI. Full story in slides above — Sources: South China Morning Post, Reuters, September 28-29, 2026.