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Applied Materials Posts Record $9.12B Revenue on AI Chip Demand But Stock Falls 5%

Applied Materials reported record third-quarter revenue of $9.12 billion, up 25% from a year earlier, and raised its semiconductor systems growth outlook as AI-driven demand continues to build. The company beat analyst estimates on both earnings and revenue, yet shares fell more than 5% in after-hours trading as investors deemed the results insufficient given elevated expectations.

Business6 sources

Applied Materials Posts Record $9.12B Revenue on AI Chip Demand But Stock Falls 5%

Business6 sources

Nokia Stock Surges 8.7% as AI Technology Orders Reach 6.3 Times Quarterly Revenue

Nokia stock jumped 8.7% to $10.27 after revealing AI technology orders grew to 6.3 times its AI and Cloud segment revenue, with €2.8 billion in new orders. Bank of America raised its price target to $18.50 while SEB Equities upgraded to Buy, citing strong structural demand for network infrastructure supporting AI data centers.

Business2 sources

Nokia Stock Surges 8.7% as AI Technology Orders Reach 6.3 Times Quarterly Revenue

Business2 sources

Nvidia A100 GPUs Defy Depreciation as CoreWeave Signs Contracts Through 2029

CoreWeave has committed to renting Nvidia A100 GPUs through 2029, extending the Ampere-based chip's lifespan to nine years. Power constraints and legacy infrastructure limitations are keeping older AI GPUs profitable, challenging assumptions about rapid hardware deprecation in AI.

Business4 sources

Nvidia A100 GPUs Defy Depreciation as CoreWeave Signs Contracts Through 2029

Business4 sources

Lenovo Posts Record $26.9B Revenue as AI Demand Powers 43% Growth, Shares Hit All-Time High

Lenovo delivered its strongest quarter ever with record revenue of $26.9 billion, up 43% year-over-year, fueled by surging demand for AI computers and servers. The company's AI server pipeline expanded to $54 billion as its Infrastructure Solutions Group nearly doubled revenue. Shares soared to all-time highs following the results.

Business6 sources

Lenovo Posts Record $26.9B Revenue as AI Demand Powers 43% Growth, Shares Hit All-Time High

Business6 sources

Cerebras Systems Stock Plunges 17% Despite Strong AI Chip Demand and Raised Revenue Guidance

AI chipmaker Cerebras Systems reported second-quarter 2026 earnings with revenue of $180.11 million and raised its full-year revenue guidance to $880-890 million. Despite beating adjusted earnings expectations and AI cloud revenue surging 281% year-over-year, the stock dropped over 17% in extended trading as hardware sales fell 23% and investors questioned the capital-intensive cloud business model.

Business18 sources

Cerebras Systems Stock Plunges 17% Despite Strong AI Chip Demand and Raised Revenue Guidance

Business18 sources

WhiteFiber Stock Tumbles 25% After Announcing $250 Million Convertible Notes for AI Infrastructure Growth

WhiteFiber unveiled a $250 million convertible senior notes offering to fund AI infrastructure and data center expansion, triggering a 25% after-hours stock plunge. The announcement came just one day after the company disclosed over $540 million in new cloud contracts and a $60 million property acquisition in North Carolina.

Business6 sources

WhiteFiber Stock Tumbles 25% After Announcing $250 Million Convertible Notes for AI Infrastructure Growth

Business6 sources

Cisco AI infrastructure orders hit $9.3 billion as hyperscalers fuel AI-driven growth

Cisco reported Q4 revenue of $17.25 billion, surpassing Wall Street estimates as hyperscalers placed $4 billion in AI infrastructure orders during the quarter. The networking giant forecasts fiscal 2027 revenue between $72.2 billion and $73.4 billion, well above analyst expectations, signaling confidence in sustained AI spending despite stock decline on margin concerns.

Business16 sources

Cisco AI infrastructure orders hit $9.3 billion as hyperscalers fuel AI-driven growth

Business16 sources

AI Stocks Rally as CoreWeave and Super Micro Report Surging Demand for AI Infrastructure

CoreWeave and Super Micro Computer shares surged to multi-month highs after both AI infrastructure companies reported strong quarterly results and raised annual forecasts. The upbeat earnings fueled optimism over AI stocks despite ongoing geopolitical tensions, with chipmakers and data center operators gaining on signs of sustained AI buildout.

Business8 sources

AI Stocks Rally as CoreWeave and Super Micro Report Surging Demand for AI Infrastructure

Business8 sources

Nebius Group Q2 Earnings Crush Expectations as AI Infrastructure Demand Drives 454% Revenue Surge

Nebius Group shares soared 34% after reporting Q2 earnings that shattered Wall Street expectations with $582.3 million in revenue, up 454% year-over-year. The AI-optimized cloud infrastructure provider posted adjusted EBITDA of $236.2 million versus the expected $168.8 million, highlighting explosive demand for AI computing capacity despite heavy capital expenditures of $5.66 billion.

Business15 sources

Nebius Group Q2 Earnings Crush Expectations as AI Infrastructure Demand Drives 454% Revenue Surge

Business15 sources

Lumentum Posts 109% Revenue Jump as AI Demand for Optical Components Hits Record Levels

Lumentum reported fiscal Q4 revenue of $1.01 billion, up 109% year-over-year, driven by surging demand for optical components in AI data centers. The company beat earnings estimates with adjusted EPS of $3.23 and achieved a milestone 50.4% gross margin. Forward guidance for Q1 fiscal 2027 projects revenue of $1.23 billion to $1.28 billion, well above analyst expectations.

Business4 sources

Lumentum Posts 109% Revenue Jump as AI Demand for Optical Components Hits Record Levels

Business4 sources

Tencent Turns Down 30% Instant Profit on $53B AI Infrastructure to Build Own Models

Tencent reported Q2 earnings revealing it rejected immediate 30% profits from renting compute capacity, instead investing $53 billion in AI infrastructure. The Chinese tech giant's capital expenditure jumped 176% as it builds proprietary AI models like Hunyuan-4, despite investor skepticism pushing shares down 26% year-to-date.

Business7 sources

Tencent Turns Down 30% Instant Profit on $53B AI Infrastructure to Build Own Models

Business7 sources

Foxconn Posts 35% Profit Surge as AI Servers Overtake iPhone Assembly for First Time

Foxconn reported a 35% profit surge to $1.86 billion in Q2 2026, driven by exploding AI server demand. The company's cloud and networking division now accounts for 51% of revenue, surpassing iPhone assembly for the first time. Despite beating forecasts with 41% revenue growth, Foxconn faces mounting competition as its high-end rack market share is projected to drop from 51% to 39%.

Business5 sources

Foxconn Posts 35% Profit Surge as AI Servers Overtake iPhone Assembly for First Time

Business5 sources

CoreWeave Revenue Doubles to $2.58 Billion as AI Infrastructure Demand Surges Despite Rising Debt

AI infrastructure provider CoreWeave reported Q2 2026 revenue of $2.58 billion, up 112% year-over-year, driven by accelerating AI infrastructure demand from hyperscalers. Despite the growth, the company posted a $626 million net loss and carries $35.6 billion in debt as it races to build AI computing capacity.

Business26 sources

CoreWeave Revenue Doubles to $2.58 Billion as AI Infrastructure Demand Surges Despite Rising Debt

Business26 sources

Super Micro Computer Stock Surges 7% on Crushing Earnings Beat and $65-72B Revenue Guidance

Super Micro Computer delivered a stunning earnings beat with adjusted EPS of $1.70 versus analyst expectations of just 92 cents. The AI server maker issued revenue guidance of $65-72 billion for fiscal 2027, far exceeding Wall Street's $53 billion forecast, as data center demand for AI infrastructure continues to accelerate.

Business10 sources

Super Micro Computer Stock Surges 7% on Crushing Earnings Beat and $65-72B Revenue Guidance

Business10 sources

Riot Platforms Lands $9.1 Billion AI Data Center Deal, Stock Surges 24% on Anthropic Lease

Riot Platforms secured a 20-year AI data center lease worth $9.1 billion with a frontier AI lab reported to be Anthropic, covering 191 megawatts at its Rockdale facility. The deal marks a decisive shift from Bitcoin mining to AI infrastructure, driving the stock up 24% in after-hours trading as analysts raised price targets to as high as $40.

Business5 sources

Riot Platforms Lands $9.1 Billion AI Data Center Deal, Stock Surges 24% on Anthropic Lease

Business5 sources

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