Super Micro posts $19.95 billion in quarterly revenue
Super Micro Computer reported a first fiscal quarter revenue of approximately $19.95 billion, beating analysts’ average expectation of $16.39 billion, with adjusted earnings of $1.81 per share compared to $1.23 expected. The company raised its fiscal year 2027 revenue guidance to a range between $72 billion and $82 billion.
AMD data centers achieve record revenue
AMD announced total revenue of approximately $13.38 billion in the third quarter and adjusted earnings of $2.09 per share, driven by a record surge in the data center segment, which posted $8.5 billion with year-over-year growth of nearly 97%. The company’s management projected fourth-quarter revenue to reach approximately $17 billion amid expanding demand for artificial intelligence accelerators.
Marvell to acquire Lumentum in $115 billion deal
Marvell Technology has announced an agreement to acquire Lumentum in an all-stock transaction valued at approximately $115 billion including debt, with an equity value of $102.5 billion according to Reuters calculations. The deal represents a massive strategic bet on optical interconnects that move data at ultra-high speeds within artificial intelligence computing clusters.
China and Singapore deny reports of spying on Nvidia
The Chinese government has denied a New York Times report claiming that a Chinese businesswoman close to Nvidia CEO Jensen Huang was passing information to Chinese intelligence, while Singapore’s Ministry of Home Affairs also dismissed a separate Wall Street Journal report on the same issue. Nvidia maintained that its CEO’s communications with regional clients are routine and natural.
Canada invests in artificial intelligence company Cohere
The Canadian federal government announced a strategic investment in Toronto-based AI model developer Cohere, coinciding with the company opening a funding round that could reach up to CAD 7 billion, or approximately USD 4.49 billion. Germany’s Schwarz Group is leading the round with participation from Nvidia and Bell Canada, amid a commitment to keep the company’s headquarters in Canada and expand local computing capabilities.
OpenAI plans to buy Google chips
Reports published by The Information and Bloomberg indicate that OpenAI plans to directly purchase Google’s Tensor Processing Units. This move would shift OpenAI from renting Google’s cloud chips to actually owning them, as part of its efforts to diversify computing resources and reduce its exclusive reliance on Nvidia processors.
Nvidia CEO clarifies relationship with Megaspeed
In an interview with Bloomberg, Nvidia CEO Jensen Huang emphasized that his company’s dealings with Singapore-based Megaspeed International are normal and unexceptional. Huang’s remarks followed a New York Times report stating that a former executive at the Singaporean firm is under US investigation over suspected espionage for China.
SK Hynix approves $75 billion in shareholder returns
South Korea’s SK Hynix announced record quarterly results and an exceptional shareholder returns plan worth nearly 100 trillion South Korean won, or about $75 billion USD, for 2026. The company’s quarterly profits jumped more than 7-fold, driven by higher prices and strong demand for high-bandwidth memory used with AI accelerators.
US DOJ examines Nvidia’s acquisition of Hugging Face
Reuters reported in an exclusive that US antitrust officials at the Department of Justice have begun making inquiries to participants in the technology sector regarding Nvidia’s proposed acquisition of Hugging Face for approximately $12.93 billion. Officials are examining whether the leading chipmaker’s control over a vital platform for distributing models and software could grant it additional leverage against hardware and cloud computing competitors.
Nvidia releases open Nemotron speech recognition model
Nvidia has launched the Nemotron 3.5 Transcribe model, specialized in speech recognition, alongside the updated second version of the Granary audio dataset. The open-weight model, featuring 30 billion parameters, supports transcription of recorded audio clips in up to 40 languages and translation between English and 31 languages, with the ability to distinguish up to 8 speakers.