Big tech
Every Sainteur story on big tech, newest first.
Nvidia agreed to buy about $10 billion of Anthropic stock in a placement tied to the IPO
The private placement is contingent on the offering; the IPO is not contingent on the placement. Quartz reported that an Anthropic spokesperson declined to comment and Nvidia did not immediately respond to a request for comment.
Microsoft says Outlook is down for business and consumer users
A Microsoft spokesperson said the company is investigating issues with Microsoft 365 services, primarily Exchange Online, and is working to restore service. Amazon said its own services were operating normally.
Jensen Huang resigns as Nvidia CEO, and Colette Kress is named interim chief
President Donald Trump wrote on Truth Social that Tim Cook is the person to replace Huang. Kress remains interim CEO while the board searches, and the company's 8-K says the board accepted the resignation on November 11.
Google is previewing a swarm of agents that sit for free, then run up the meter
Google is rolling out Gemini 4 Carbon and previewing /swarm in Antigravity: one prompt becomes a team of agents that share a message board and park at no token cost when idle. Then the quota moves faster.
Nvidia's board met overnight to decide whether to oust CEO Jensen Huang
CNBC said Thursday that, so far, no outcome had been announced from the meeting. It followed a Journal report that the board was preparing to fire him and a Times report of a relationship with an executive who reported to him.
Meta sells $15 billion of dollar bonds as its AI spending climbs
It's one piece of a $20 billion to $25 billion raise that reportedly includes euros, on top of the $25 billion Meta borrowed in April.
Pfizer raises its 2026 forecast as Shopify falls just short and Block tops estimates
Pfizer lifted its 2026 revenue and profit forecasts, Shopify's sales and merchant volume came in a little under estimates, and Block's adjusted profit beat. Palantir and Apple also reported.
OpenAI says ChatGPT now handles 20% as many searches as Google
The figure is OpenAI's own: it counts only queries that trigger a web search, and the company didn't say where its Google number came from.
Nasdaq-100 falls into its third correction this year as AI spending doubts grow
Investors are questioning when Big Tech's hundreds of billions in AI spending will pay off, and weak results from Alphabet and disappointing forecasts from Intel and ServiceNow added to the doubts.
Oracle set a $20 billion cap on new market funding, then filed for all of it five days later
Oracle pledged to limit new capital raises through FY30 to $10 billion of stock and $10 billion of debt. On Monday it filed for both. That's a schedule, not a discipline.
Amazon promises two trillion-dollar businesses, starting with a $42.4 billion hole
Amazon's free cash flow swung to a $42.4 billion outflow on AI spending. Its CEO says it may soon run two trillion-dollar businesses. The warehouse of the future is mostly receipts.
Apple posts record September-quarter revenue in Ternus's first report, but warns on margins
Apple's iPhone and Services drove a 12% revenue gain. It forecast December-quarter sales above estimates, but margins below them.
Wall Street watches governor races that will help set rules for $2.5 trillion of AI infrastructure
Investors are tracking governor races, and voters will decide dozens of local measures that could delay or block data centers before they break ground.
Amazon's cloud has its fastest growth in nearly five years, but the company still misses estimates
AWS grew 39%, but Amazon fell short on earnings and revenue. Sandisk beat and announced an 8-for-1 split, and Starbucks' U.S. comparable sales topped estimates while its revenue missed.
Intel says it plans to expand Xeon computing on Oracle's cloud
Intel announced the planned multiyear collaboration on X, the same day Oracle said it is expanding its Nvidia deal, adding Google and Cerebras offerings and planning to offer Intel-backed SambaNova chips.
AMD will put $1 billion into Meta's stock offering as its Helios racks go into testing at Meta
AMD says its Helios systems are installed and being tested at Meta ahead of an expected broader rollout, and it will invest $1 billion in Meta's equity offering.
Nvidia is putting $3 billion into Meta's stock offering as the two expand their AI partnership
The chipmaker's investment comes as Meta upsizes its common stock offering to $25 billion and plans to deploy more Nvidia infrastructure for its Muse AI agents.
Anthropic's IPO filing shows about $417 billion in new and amended compute deals, with more still being finalized
The S-1 shows about $417 billion in new and amended deals made after Dec. 31, 2025, mostly for compute and data centers, plus an estimated $125 billion to $150 billion more. Fortune puts the combined total at $542 billion to $567 billion.
Anthropic files to list on Nasdaq as "ANT," and public buyers get at most 49.9% of the vote
The Claude maker's S-1 shows revenue up 1,300% in the first half of 2026 and a governance setup that caps public shareholders at 49.9% of the vote. The price range isn't set yet.
Meta launches a $35 billion stock sale to fund AI, with $60 billion more planned for later
Meta is selling about $22.5 billion of common stock and $12.5 billion of convertible preferred now, and plans a roughly $60 billion Class C share program that has no agreement yet and isn't expected to start before 2027.
Trade Desk repriced employee and executive stock options to $12.26 over outside investors' opposition, the WSJ reports
Green holds 50.2% of the voting power. His shares were about 98% of the yes votes, and about 95% of other holders' votes were no, per VerityData figures reported by the WSJ.
Tech steadied after Thursday's AI rout, but the Nasdaq still closed lower
A midday tech bounce faded by the close as investors kept weighing the cost of AI spending, while a Bloomberg report on SpaceX's wireless plans hit telecom stocks.
Two-thirds of the S&P 500's profit growth is coming from just 10 companies, the WSJ reports
Nvidia and Micron account for 34% of expected third-quarter growth, per Dow Jones Market Data. FactSet says the index's growth rate drops to 20.0% from 29.0% without them.
Apple briefly passed Nvidia as the world's most valuable publicly traded company on iPhone Duo launch day
It's the fifth time Apple has retaken the top spot, by Yahoo Finance's count. Nvidia moved back ahead later in the day.
Global credit spreads hit a 17-month high as AI borrowing fears spread to bonds
A Bloomberg index of global corporate bond spreads hit its widest since May 2025. This week Meta disclosed about $825 billion in commitments and a forecast need to raise hundreds of billions of dollars.
The credit market just got a vote on AI, and Meta handed shareholders the bill
Opinion: Meta's free cash flow turned negative and its default swaps hit a record. Its funding plan, a non-voting share class it says helps avoid debt, shows who now gets a say in AI spending.
Same $1 billion completes another lap of the billionaire carousel
Elon Musk reportedly put about $1 billion into the Ellisons' Skydance. Larry Ellison once put $1 billion into Musk's Twitter deal. A top hat is keeping count.
AI helped find critical PHP flaws, and a leak forced a rushed fix
Wiz and Calif found the PHP2Shell bugs with help from AI models, and PHP patched a day early after a leak. Now PHP has flagged a further flaw the patch doesn't fix, and officials say to take systems offline if they can't patch.
Meta's capital spending pushed its free cash flow negative, and its default insurance hit a record
Meta's free cash flow came in at negative $2.12 billion as capital spending outran operating cash. Its five-year credit default swaps hit a record and the stock fell, even though revenue topped estimates.
Elon Musk has put roughly $1 billion into Skydance, Semafor reports
Semafor says Musk's deal came together alongside other equity investments, including from board member Laurene Powell Jobs. Neither Skydance nor Musk has confirmed it.
Musk's public cheerleading created a "mess" for SpaceX-Tesla merger talks, Reuters reports
Musk recused himself from the merger committees, then called the deal a good idea. Reuters' source says that raises questions about whether Tesla shareholders are fairly represented, with SolarCity's long legal fight in mind.
Alibaba slides as China's market regulator leans on online platforms over product quality
China's market regulator pressed Taobao's parent and its rivals to act as product-quality "gatekeepers." It outlined no immediate measures, but Alibaba's Hong Kong shares had their steepest intraday drop in two months, Investing.com reported.
Meta will hand every shareholder a new non-voting share to help pay for AI
Meta's board approved a publicly listed, non-voting Class C stock, effective January 2027, and will pay one Class C share for every Class A and Class B share. The company says it needs the flexibility for capital raising, employee pay and deals as AI spending climbs.
Tesla's cash flow blows past forecasts as IBM and TI beat
Tesla's revenue was flat, but free cash flow beat estimates by billions. IBM, Texas Instruments, AT&T and Elevance beat, Philip Morris trimmed expectations, and Moody's missed.
Goldman, Microsoft and Alphabet object to OKX-ICE trading tokens of their shares
Seven more companies, including Microsoft, Alphabet and Goldman Sachs, have objected to tokenized versions of their shares on OKXICE, the planned 24/7 venue from OKX and NYSE parent ICE.
Netflix Hits Its Quarter, Then Cuts Its Ad Forecast for the Year
Third-quarter revenue of $12.87 billion matched estimates and profit beat, but Netflix lowered its 2026 ad revenue outlook to about $2.7 billion and its full-year sales forecast slipped.
Anthropic lost over $80 billion in six months, mostly on paper, per the WSJ
Most of the loss is accounting charges, the Journal reported. The bigger story is a compute bill that could reach $750 billion, much of it in contracts with cloud giants that are also rivals.
Musk says a SpaceX-Tesla merger would be a good idea, but he can't be in the room
On SpaceX's earnings call, Musk said both boards have independent committees weighing a combination. No terms are agreed, and Tesla would need half of all its shares to vote yes.