breaking
Jensen Huang Just Resigned as Nvidia CEO After 33 Years, and the Shares Fell More Than 10%
Jensen Huang has resigned as Nvidia CEO effective immediately after 33 years. CFO Colette Kress is interim CEO; shares fell over 10% premarket.
Topic
Big Tech
The latest Big Tech news and analysis from Tech Arcade.
breaking
Anthropic Just Launched Claude Sheets, Meetings and Whiteboards — and Microsoft Shares Slid Up to 3%
Anthropic launched Claude Sheets, Meetings, Whiteboards and Data on the day its IPO roadshow began. Microsoft shares slid 2% to 3%.
breaking
HP Just Hired a Former GSK Boss as CEO — With PC Shipments Down 16%
HP named ex-GSK chief Emma Walmsley as CEO from January 4, 2027, nine months after Enrique Lores left and with PC units down 16%.
breaking
Microsoft Just Made $92.3 Billion in Three Months — and Azure Grew 48%
Microsoft posted $92.3B in quarterly revenue, up 19% and ahead of estimates, as Azure grew 48%. Shares rose about 4% after hours.
breaking
Microsoft Just Offered Buyouts to 60,000 Employees — About 27% of Its Workforce
Microsoft offered voluntary buyouts to about 60,000 staff, roughly 27% of its workforce, with a December deadline to decide.
breaking
Meta Just Launched a $35 Billion Stock Sale to Pay for AI — and Lined Up $60 Billion More
Meta launched about $35bn in stock offerings on 26 October to fund AI, with a further $60bn share program planned from Q1 2027.
breaking
Meta Just Made $64.6 Billion in Three Months — and It's Splitting Its Stock With a New Non-Voting Share
Meta's Q3 revenue hit $64.6B, up 26%, and it's creating non-voting Class C shares in a two-for-one split to help fund its AI buildout.
breaking
Washington Just Cut Microsoft, Adobe and 6 IT Giants Off From the Green-Card Pipeline
The US Labor Department suspended Microsoft, Adobe and six IT outsourcers from PERM, the green-card sponsorship programme, on October 8.
Privacy
A Santa Fe Jury Just Handed Meta a $219.5 Billion Math Problem
A New Mexico jury found Meta liable for 43.9 million privacy violations. At $5,000 apiece, that's a $219.5 billion ceiling — here's the wild math, and why a judge may trim it.
AI
AMD Just Cracked $1 Trillion — and OpenAI Holds a Warrant for a Tenth of It
AMD's market value pushed past $1 trillion for the first time as AI chip demand — and warrant deals with OpenAI and Meta — sent the stock up nearly 10%.
Apple
Apple Just Booked Its Biggest June Quarter Ever — $109.4 Billion — and the Stock Dropped Anyway
Apple posted a record $109.4B June quarter, up 16%, with iPhone up 22% — and the stock still dropped as Services and China came up short.
AI
Azure Just Cleared $100 Billion. Meta's Free Cash Flow Fell to $784 Million.
Microsoft and Meta reported AI-heavy quarters a day apart. Azure cleared $100B and grew 43%; Meta's free cash flow fell to $784M. Same spending, opposite market verdict.