Markets news

Cerebras lifts its forecast and says Microsoft signed on

The AI chipmaker’s core revenue rose 70% to $230.9 million in the third quarter. It now expects $940 million to $960 million of core revenue in 2026. Chief executive Andrew Feldman said Microsoft signed a cloud deal, but no terms were given.

Cerebras reported results for the three months to September 30 on November 12, after the US stock market closed. Its shares rose about 17% in after-hours trading. Its cloud business, which rents out its chips, grew fastest.

CoreWeave raises its forecast as sales nearly triple

The AI cloud company’s revenue rose to $3.66 billion in the third quarter, from $1.37 billion a year earlier, and its order book reached about $132.5 billion. It still lost $709 million. Its shares had fallen more than 40% in a month on fears about its debt.

CoreWeave rents out computing power built on Nvidia chips to AI companies. On November 10 it reported results for the three months to September 30, and raised its revenue forecast for 2026 to $13.0 billion to $13.3 billion.

Anthropic sets its IPO price at $70 to $78 a share

Anthropic and some existing holders plan to sell 825 million shares on Nasdaq under the ticker ANT. Seven tech companies, including Google and Nvidia, will buy $26 billion more in a private deal. Reports put the value at about $1.4 trillion on a fully diluted basis.

Anthropic started its IPO roadshow on November 10, the meetings where a company pitches its shares to investors. Its updated filing sets a price range of $70 to $78 per share for 825 million Class A shares. At the top of the range, the sale would bring in about $64.4 billion.

Chip index falls about 12% as US vote hits AI stocks

The Nasdaq 100 lost $2.3 trillion of value in one day on Thursday. Investors fear that Democrats who won on Tuesday will slow data centre building. Asia fell on Friday, and the Nasdaq won back 1.09% in New York that day.

The Philadelphia chip index fell about 12% on November 5, its worst day since March 2020. The Nasdaq 100 dropped 6.3%, wiping out $2.3 trillion of value, NBC News reports. The fall spread to Tokyo and Seoul, which each closed 6.0% lower on November 6.

Samsung says its 2027 HBM supply is already sold out

Samsung confirmed a record quarterly profit of 107.4 trillion won, almost all from chips. It plans to spend about 84.4 trillion won on factories and equipment this year, a record.

Samsung Electronics published its final results for July to September on October 29. Operating profit was a record 107.4 trillion won, about $80 billion, up 783% from a year earlier. On its earnings call, Samsung said it has finished selling its 2027 supply of HBM, the fast memory used in AI chips.

SK hynix sales pass 100 trillion won on AI memory demand

The Korean chipmaker’s July–September sales rose 328% from a year earlier, and its operating profit rose 632%. SK hynix expects demand for memory to beat supply through 2030.

SK hynix, a top maker of the memory chips that AI systems need, published its third-quarter results on October 28 in Seoul. Sales were 104.6 trillion won, its first quarter above 100 trillion won. Operating profit was 83.3 trillion won, or about $62.8 billion, AFP reports. The figures are preliminary.

Meta plans nonvoting shares as its AI bills keep growing

Every Meta share will get one new Class C share with no vote in January 2027. Meta now expects $135 billion to $145 billion of capital spending in 2026.

The new shares carry no votes, so Meta can sell them or pay with them without weakening Mark Zuckerberg’s control. In a separate deal, Zuckerberg agreed to stay in California for eight years.

TSMC’s profit jumps 69% to a record on AI chip demand

The world’s biggest contract chipmaker beat forecasts for a sixth record quarter in a row. It expects sales of $52.3 billion to $54.3 billion in the last three months of 2026.

TSMC made a net profit of NT$763.1 billion from July to September, 68.7% more than a year earlier and above analysts’ forecasts. Its sales rose 41.2% in US dollars, to $46.72 billion. Chips for high-performance computing, a group that includes AI chips, brought in 68% of its sales.

ASML says AI demand will outrun its supply in 2027 and 2028

The Dutch maker of chipmaking machines raised its 2026 sales forecast to €44–45 billion. Some customers already want to order for 2029 and even 2030, ASML says.

ASML reported third-quarter sales of €11.7 billion and a profit of €5.0 billion on October 14. Its customers keep raising their forecasts for new machines, mainly because of AI investment, the company says. ASML now expects that its planned supply for 2027 and 2028 will not fully meet that demand.

Jev maker TypeSafe raises $870M at a $7.5B valuation

Andreessen Horowitz led the round, which TypeSafe calls a Series A, less than four weeks after Jev launched. TypeSafe says a third of the Fortune 500 already use the model, and has not named them.

TypeSafe AI, which makes the decision model Jev, said on October 9 that it raised $870 million at a $7.5 billion valuation. Andreessen Horowitz led the round, with Sequoia Capital and the earlier investor DCVC. Jev launched on September 15 with a $40 million seed round. TypeSafe says the new money will add models and features for large companies.

PC shipments fall 20% as AI demand lifts memory prices

IDC counts 62.7 million PCs shipped from July to September, and Omdia 58.1 million. Both say buyers stocked up early in the year to beat price rises, and HP and Dell fell the most.

Research firm IDC estimates that 62.7 million PCs were shipped worldwide in the third quarter, 20.1% fewer than a year earlier. Omdia counts 58.1 million, down 21.2%. Lenovo, HP, Dell and Apple all shipped fewer computers. IDC says high prices, driven by the building of AI data centres, are holding buyers back.

OpenAI’s revenue pace nears $50 billion, reports say

OpenAI told investors the figure for the end of September, the FT, Bloomberg and CNBC report. Earlier reports of about $70 billion counted revenue in another way, and AI chip and cloud shares fell.

OpenAI told investors that its annualized revenue was approaching $50 billion at the end of September, the Financial Times reported on October 8. Bloomberg and CNBC confirmed the figure with their own sources. Reports in late September had put it at $68 billion to $70 billion. OpenAI declined to comment.

Samsung’s profit rises almost ninefold on AI memory demand

Samsung estimates its July–September operating profit at about 107.4 trillion won, or about $80 billion. It is the first Korean company to pass 100 trillion won in one quarter.

Samsung Electronics published early estimates for its third quarter on October 8. Operating profit was about 107.4 trillion won, or about $80 billion, up from 12.17 trillion won a year earlier. Sales more than doubled to about 195 trillion won. Reports link the jump to AI demand for memory chips and higher memory prices.

Robinhood launches AI agents that can trade for customers

The agents run on OpenAI and Anthropic models and trade from a separate account. Approval of each trade is on by default, and Robinhood says customers are responsible for what the agents do.

Robinhood announced Robinhood Agents on September 29 at its HOOD Summit in Houston. Customers can set up an AI agent in the mobile app that researches investments and trades stocks, options and crypto from a separate account they fund. OpenAI’s GPT-6 Luna is free until December 31, and other models are billed per use.

AMD is now worth more than $1 trillion

The rally rests on a bet that AI agents will need more processors.

AMD’s shares closed at a record $615.52 on September 21, lifting its market value above $1 trillion for the first time. It announced no new deal or product. Traders are betting that AI agents will need many more server processors.

Former OpenAI researchers launched Jev, a model that decides

It chooses instead of writing text. It costs $0.042 per million tokens.

TypeSafe AI launched Jev on September 15 with $40 million in seed funding led by DCVC. The model returns choices and probabilities instead of text. It charges $0.042 per million input tokens, and output is free.

Broadcom made $16.7 billion from AI hardware in one quarter

Large cloud companies are buying custom AI chips and fast network equipment. This shows that the AI hardware boom is bigger than general-purpose GPUs alone.

AI agents impress, but can companies make money from them?

AI agent demos can look great, but real work also includes errors, checks, and retries. These extra steps can make each useful result expensive.