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Taiwan Semiconductor Manufacturing Co. reported October revenue of 586.89 billion New Taiwan dollars, up 59.7% year-over-year, as global demand for advanced semiconductors remains robust amid heavy AI investments.
SoftBank reported a fiscal second-quarter net loss of $7 billion, driven by losses from U.S. AI data center equipment procurement and declining Intel share values.
U.S.-Iran military escalation over the weekend has prompted Wall Street to reassess potential economic fallout, with energy prices and bond yields rising as key concerns for consumer spending and corporate earnings.
Neocloud IREN reported that over $4 billion in projected annual recurring revenue has been delayed to at least January due to a Microsoft-requested infrastructure reconfiguration, following a significant post-election stock decline.
Starbucks reported mixed quarterly results with international sales disappointing but U.S. performance exceeding expectations, as CEO Brian Niccol’s turnaround strategy gains traction.
Rivian beat third-quarter earnings estimates as it expanded R2 deliveries and improved financial guidance for 2026, with shares rising roughly 7% in afterhours trading.
