The Tech Read

AMD posts a record quarter with data center sales nearly doubling and guides to about $17 billion, Arista records its fastest growth since its IPO, Super Micro's revenue nearly quadruples with caveats underneath, Shopify falls on a small GMV miss, Skyworks tumbles on a soft smartphone forecast, Democrats sweep Congress and the tech rulebook changes hands, Binance takes its broader reserves snapshot, and Uber, Qualcomm and Arm report today.

In today's brief:

• AMD Posts a Record Quarter as Data Center Sales Nearly Double — https://newsroom.amd.com/news/amd-reports-third-quarter-2026-earnings/

• Arista Posts Its Fastest Growth Since Its IPO — https://www.thestockobserver.com/2026/11/03/arista-nyse-anet-revenue-jumps-58-5-its-fastest-growth-since-the-ipo.html

• Super Micro's Revenue Nearly Quadruples, With Caveats Underneath — https://www.zacks.com/stock/news/3022224/super-micro-computer-smci-beats-q1-earnings-and-revenue-estimates

• Shopify Falls Hard on a Small Miss — https://www.fool.com/investing/2026/11/03/shopify-stock-just-plunged-here-s-why-i-m-not-selling/

• Skyworks Tumbles as the Smartphone Market Stays Soft — https://northlandnewsradio.com/2026/11/03/skyworks-tumbles-as-sluggish-smartphone-market-weighs-on-forecast/

• Democrats Sweep Congress, and the Tech Rulebook Changes Hands — https://ppc.land/democrats-win-congress-what-changes-for-ai-rules-privacy-and-advertising/

• Binance Takes Its Broader Reserves Snapshot Today — https://tech-ish.com/2026/11/04/binance-hack-what-its-reserves-proof-means-for-your-money/

• Today: Uber Before the Open, Qualcomm and Arm After the Close — https://tickerroast.com/morning-brief-november-4-2026-midterms-senate-amd-arista/

• And Finally: The First Qi2.3 Travel Battery Has a Kickstand — https://wisevoter.com/world/us/2026/11/03/peak-design-wireless-kickstand-travel-battery

Who's hiring, and what's shifting

Comcast eliminates 994 corporate roles across four states under WARN filings while planning more than 1,100 new roles in the same restructuring, SUSE's roughly 190 cuts reach their staff-notification date today with AI cited directly, and the infrastructure layer — Arista, Super Micro — expands capacity on raised outlooks. Open roles live on the companies' own careers pages.

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Marvell agrees to buy Lumentum in a $115 billion all-stock deal and both stocks fall, Apple posts a record September quarter but guides margins down, Palantir's U.S. commercial revenue passes its government revenue for the first time, Oracle files to raise $20 billion, Binance opens a second withdrawal phase as flows turn positive, Apple warns users in 99 countries of spyware targeting as Germany investigates, Corning opens its Pune optical plant, and AMD reports tonight.

In today's brief:

• Marvell to Buy Lumentum for $115 Billion in Stock — https://investor.marvell.com/news-events/press-releases/detail/1040/marvell-and-lumentum-to-combine-creating-a-category-leader-in-ai-connectivity

• Apple Posts a Record September Quarter, and the Stock Falls Anyway — https://www.apple.com/ca/newsroom/2026/11/apple-reports-fourth-quarter-results/

• Palantir Nearly Doubles Revenue as U.S. Commercial Passes Government — https://www.fool.com/earnings/call-transcripts/2026/11/02/palantir-pltr-q3-2026-earnings-call-transcript/

• Oracle Files to Raise $20 Billion for Its AI Build-Out — https://www.morningstar.com/news/dow-jones/202611025647/oracle-looks-to-raise-20-billion-to-fund-ai-ambitions

• Binance Opens a Second Withdrawal Phase, and Flows Turn Positive — https://cointelegraph.com/news/binance-begins-second-withdrawal-phase-following-record-hack

• Apple Warns Users in 99 Countries of Spyware Targeting as Germany Investigates — https://9to5mac.com/2026/11/02/apple-recently-notified-users-in-99-countries-of-potential-mercenary-spyware-attacks/

• Corning Opens Its Pune Optical Connectivity Plant — https://www.gadgets360.com/mobiles/news/corning-optical-connectivity-manufacturing-facility-pune-now-operational-news-12276702

• AMD Reports Tonight, With the Chip Debate Still Open — https://jorgai.com/blog/stock-market-week-ahead-november-2-6-2026-amd-palantir-qualcomm-uber-earnings-moves-election-day-jobs-report

• And Finally: Vivo's Clip-On Translating Earbuds Reach Europe — https://www.gadgets360.com/audio/news/vivo-buds-clip-price-global-launch-availability-specifications-features-12274865/amp

Who's hiring, and what's shifting

Squarespace cuts about 19% of its workforce (roughly 300 roles, product and engineering most affected) and SUSE cuts about 10% citing AI and automation, Qualcomm reportedly plans performance-based cuts starting in November, while Palantir hires technical staff and a new graduate class into its AI platform work. Open roles live on the companies' own careers pages.

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Binance outflows stabilize after a net $3.64 billion first day of withdrawals, Apple reclaims the world's most valuable company title and reports tonight in CEO John Ternus's first earnings call, tech steadies after October's $2.5 trillion Nasdaq-100 fall with a Deutsche Bank upgrade, Alphabet's Cloud doubles while free cash flow turns negative, Palantir faces the week's highest bar, AMD prepares to settle the chip debate Intel opened, Apple's 2027 roadmap leaks, and Ceva and Mobilint put the NeuPro NPU into production.

In today's brief:

• Binance Outflows Stabilize After a $3.64 Billion First Day — https://bworldonline.com/world/2026/11/02/790769/binance-sees-spike-in-withdrawals-as-exchange-returns-online-after-6-3-billion-heist/

• Apple Reclaims the Top Spot and Reports Today: Ternus's First Call — https://www.reuters.com/commentary/reuters-open-interest/global-markets-view-usa-2026-11-02/

• Tech Steadies After October: Futures Rise, Deutsche Bank Upgrades the Sector — https://duke.fm/2026/11/02/wall-street-futures-rise-as-ai-stocks-catch-their-breath-midterms-in-focus-2/

• Alphabet's Quarter in Full: Cloud Doubles, Free Cash Flow Turns Negative — https://www.ad-hoc-news.de/boerse/corporate-news/alphabet-stock-faces-ai-spending-test-after-strong-cloud-quarter/70444694

• Palantir Reports Today With the Highest Bar of the Week — https://www.tipranks.com/news/palantir-pltr-q3-earnings-preview-can-ai-growth-match-last-quarters-93-surge

• AMD Tomorrow Must Settle the Chip Debate Intel Opened — https://stocktwits.com/news-articles/markets/equity/apple-and-palantir-to-kick-off-tech-earnings-in-another-crucial-week-amd-to-settle-chip-debate-after-intel-s-warning/cNG9qNVR92s

• Apple's 2027 Roadmap Leaks: M7 Touchscreen MacBooks, OLED iPad Air, iPad 12 — https://www.digit.in/news/general/apple-ipad-12-oled-ipad-air-m7-macbook-pros-and-more-tipped-to-launch-in-2027-here-is-what-to-expect.html

• Ceva and Mobilint Put the NeuPro NPU Into Production Silicon — https://www.securities.io/mobilint-regulus-soc-marks-first-production-deployment-of-ceva-neupro-npu/

• And Finally: Nothing Plans to More Than Double Its Phones in 2027 — https://www.gadgets360.com/mobiles/news/nothing-2027-smartphone-launch-plans-announced-co-creation-program-delhi-12259024?pfrom=home-ndtvworld_world_gadgets&technology

Part of the Curious & Creative network. Back tomorrow morning.

October ends with a rout: the Nasdaq falls 2.86% on Friday to close its worst month since March 2025, Big Tech's $740 billion spending plan meets the debt market, Asia's chip suppliers insist demand is real, SanDisk posts a record quarter and falls 13%, Binance sets out its recovery plan, Anthropic faces a reported credit-rating question, and Apple's A20 Pro moves to 2 nanometers without growing.

In today's brief:

• Friday's Rout Caps a Brutal October for Tech — https://www.dimsumdaily.hk/tech-sell-off-hits-nasdaq-as-investors-rotate-into-defensives/

• The $740 Billion Question: Big Tech's Spending, and the Debt Behind It — https://techcrunch.com/2026/10/30/cracks-are-emerging-in-the-ai-spending-boom/

• Anthropic's Rating Question: Reported, Not Decided — https://digitechbytes.com/technology-news-gadgets/anthropic-and-a-possible-junk-rating-the-facts-so-far/

• Asia's Chip Suppliers Say Demand Is Not the Problem — https://www.reuters.com/business/retail-consumer/tokyo-electron-sees-robust-profit-growth-amid-jitters-over-ai-returns-2026-10-30/

• SanDisk's Record Quarter, and a 13 Percent Fall — https://www.fool.com/investing/2026/10/30/why-sandisk-stock-plunged-today/

• Binance Sets Out Its Recovery Plan (Developing) — https://cryptonews.net/news/market/33680092/

• Inside the iPhone 18 Pro: The A20 Pro Moves to 2 Nanometers — https://tai-semicon.medium.com/apples-a20-pro-moves-to-2nm-without-growing-intel-s-ai-surge-isn-t-enough-kioxia-hits-an-80-886ef3df8de0

• And Finally: Three Screens Make TIME's Best Inventions List — https://ohsem.me/2026/10/three-products-featuring-tcl-csot-displays-named-to-times-best-inventions-of-2026/

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Intel has the worst day in its history and takes the chip sector down with it, the AI spending bill comes due at Alphabet and Amazon while Microsoft stays cash-positive, Samsung warns the memory shortage gets worse, and Binance loses $6.3 billion in twenty minutes.

In today's brief:

• Intel's Warning Sparks a Global Chip Rout — https://www.reuters.com/business/intel-warning-sparks-chip-rout-pc-weakness-clouds-turnaround-2026-10-30/

• Alphabet's Record One-Day Fall — https://srnnews.com/stocks-slump-bonds-leap-as-ai-giants-spending-spooks-investors/

• Amazon: AWS Surges, Cash Burns — https://seekingalpha.com/pr/20706513-amazon-com-announces-third-quarter-results

• Microsoft, the Outlier — https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-on-thursday-october-29-2026-12200060

• Samsung Warns the Memory Shortage Gets Worse — https://www.pymnts.com/news/artificial-intelligence/2026/samsung-warns-ai-memory-shortage-will-worsen-through-2027/

• Binance: The Biggest Heist in Crypto History — https://www.reuters.com/legal/government/gone-20-minutes-how-biggest-heist-crypto-history-unfolded-2026-10-30/

• Meta Settles the Teen Addiction Trial — https://dukecountry.fm/2026/10/30/meta-settles-with-teen-during-trial-testing-claims-social-media-caused-depression-eating-disorders/

• New Hardware: HomePod mini 2 and the First Android XR Glasses — https://www.macrumors.com/2026/10/30/homepod-mini-2-new-features/

• And Finally: Tape Storage Is Booming Because of AI — https://www.theregister.com/storage/2026/10/29/tape-is-so-not-dead-that-fujifilm-will-increase-production-capacity-5x/5306189

Part of the Curious & Creative network. Back tomorrow morning.