Chipmakers Report Earnings and Outlooks in Weekly Consumer Tech Roundup

Republican California gubernatorial candidate Steve Hilton criticized Meta Platforms Inc. (NASDAQ: META ) CEO Mark Zuckerberg over the company’s $1 million donation to Democratic candidate Xavier Becerra. The Trump administration is reportedly preparing a new national security measure aimed at limiting Chinese telecom companies’ access to American phone numbers and disrupting scam-related robocalls. Sen.

Elizabeth Warren (D-Mass.) called on Nvidia Corp. (NASDAQ: NVDA ) CEO Jensen Huang and the company’s board to answer to Congress after a report that he was targeted by a suspected Chinese spy. Russian President Vladimir Putin has agreed to resume three-way peace negotiations with Ukraine and the United States as President Donald Trump intensifies efforts to end the war, though major disagreements over a potential settlement remain unresolved. The U.S.

Department of Justice (DOJ) is reportedly scrutinizing Nvidia Corp. (NASDAQ: NVDA ) over its planned $12.93 billion acquisition of Hugging Face. Russian President Vladimir Putin has agreed to resume three-way peace negotiations with Ukraine and the United States as President Donald Trump intensifies efforts to end the war, though major disagreements over a potential settlement remain unresolved.

Software, Semiconductor & Technology Intel Corporation (NASDAQ: INTC ) beat third-quarter expectations but issued a fourth-quarter outlook well below Wall Street estimates, raising concerns about PC demand, rising memory costs and the company’s ability to sustain growth in its data center and foundry businesses. Sandisk Corporation (NASDAQ: SNDK ) reported fiscal first-quarter earnings of $49.51 per share, topping the analyst estimate of $46.36. Revenue came in at $11.03 billion, ahead of the $10.70 billion consensus and up from $2.31 billion a year earlier. Stryker Corp.

(NYSE: SYK ) revenue for the quarter came in at $6.52 billion, missing the analyst estimate of $6.61 billion by 1.36%. Still, net sales rose 7.7% year over year. Adjusted earnings per share were $3.52, missing the $3.55 expected by 0.85%. Alphabet Inc.

(NASDAQ: GOOG ) (NASDAQ: GOOGL ) revenue rose 25% year over year to $127.6 billion, roughly in line with the $127.9 billion consensus. Earnings of $2.12 per share missed the roughly $2.94 consensus. Microsoft Corp. (NASDAQ: MSFT ) remains in focus after stronger-than-expected quarterly results and guidance reinforced confidence in Azure and enterprise software growth.

Oracle Corporation (NYSE: ORCL ) reiterated its fiscal 2030 forecasts of more than $225 billion in revenue and earnings of more than $21 per share. ServiceNow Inc. (NYSE: NOW ) raised its artificial-intelligence sales target for the second time this year on Wednesday. Investors responded by wiping out nearly a quarter of its market value.

STMicroelectronics N.V. (NYSE: STM ) reported revenue of $3.76 billion, up 17.9% from a year earlier and ahead of the analyst consensus estimate of $3.72 billion, according to Pro. Fortinet, Inc. (NASDAQ: FTNT ) reported adjusted earnings of 91 cents per share, beating analysts’ consensus estimate of 86 cents.

Revenue increased 20% year over year to $2.08 billion, exceeding Wall Street expectations. Samsung Electronics Co. Ltd. (OTC: SSNLF ) posted record third-quarter operating profit late Wednesday, up nearly ninefold as AI-driven demand pushed memory chip prices higher, but it came in below analyst estimates.

Shares fell nearly 6% in Seoul. Flex Ltd. (NASDAQ: FLEX ) reported better-than-expected second-quarter fiscal 2027 results and raised its full-year forecast, supported by strong demand for AI infrastructure. SK hynix Inc.

(NASDAQ: SKHY ) is drawing bullish analyst calls as strong AI-related memory demand, rising pricing and tight supply push estimates higher and support expectations for an extended upcycle. Seagate Technology Holdings PLC (NASDAQ: STX ) beat analyst estimates on the top and bottom lines in its fiscal first quarter, reporting revenue of $4.23 billion versus estimates of $4.14 billion, and adjusted earnings of $7.68 per share versus estimates of $7.42 per share. BigBear.ai, Inc. (NYSE: BBAI ) reported third-quarter revenue of $43.58 million, beating analyst estimates of $38.94 million, according to Pro.

The company reported a quarterly loss of three cents per share, beating expectations for a loss of six cents per share. NVIDIA Corp. (NASDAQ: NVDA ) and Meta Platforms Inc. (NASDAQ: META ) announced Tuesday an expanded artificial intelligence partnership focused on Meta’s Muse family of AI models.

NVIDIA also plans to invest $3 billion in Meta’s equity offering. Retail, Telecom, Media Amazon.com Inc. (NASDAQ: AMZN ) operating profit beat forecasts by about $1.8 billion. Even so, EPS landed at $1.89, below the $1.96 analysts had penciled in.

A 7-cent miss in a quarter where the core business outperformed calls for a closer look below the operating line. CEO Andy Jassy said the company now has more than a million robots in its fulfillment network and expects many repetitive jobs that people do to be handled by robots, but noted that Amazon will “always have a lot of teammates” in its fulfillment centers. Amazon is expanding its Bedrock AI platform with China’s Kimi and GLM open models, while CEO outlined ambitions for the service to eventually match Amazon’s massive EC2 cloud business. Reddit, Inc.

(NYSE: RDDT ) shares are trading lower premarket on Friday after the company reported third-quarter results that topped expectations. At the same time, weaker-than-expected guidance and declining search traffic weighed on sentiment. DoorDash, Inc. (NASDAQ: DASH ) disclosed plans to acquire Maplebear Inc.

(NASDAQ: CART ), which does business as Instacart, for $65 per share, valuing the company at approximately $17 billion. Shopify Inc. (NASDAQ: SHOP ) CEO Tobi Lütke converted an underused wine cellar into an AI computing hub, using personal health and calendar data to discover which meetings he finds most stressful. Space, Automobile Elon Musk’s SpaceX (NASDAQ: SPCX ) has agreed to nearly $28 billion in wireless spectrum deals.

But telecommunications expert William Webb estimates it could need another $120 billion to $130 billion to compete with T-Mobile US Inc. (NASDAQ: TMUS ) and America’s other major carriers. Verizon Communications Inc. (NYSE: VZ ) CEO Dan Schulman says Space Exploration could face a bill of up to $500 billion if it wants to compete directly with U.S.

wireless carriers. Space Exploration Technologies ambitious target of 10,000 annual Starship launches applies exclusively to its planned Louisiana spaceport, suggesting the company’s broader launch ambitions extend significantly beyond that figure. Musk quoted a post that shared a video of Microsoft Corp ‘s (NASDAQ: MSFT ) AI CEO Mustafa Suleyman, who quoted former Alphabet Inc. (NASDAQ: GOOGL ) (NASDAQ: GOOG ) CEO Larry Page that he would be "exploring the galaxies at the head of a Von Neumann probe" by the "end of the century." Billionaire Elon Musk -led Space Exploration Technologies Corp.

(NASDAQ: SPCX ) slammed legacy telecom operators like T-Mobile US Inc. (NASDAQ: TMUS ) in a letter to the Federal Communications Commission (FCC) over the agency’s proposed spectrum rule changes. General Motors Co. (NYSE: GM ) agreed Thursday to pay $220 million to settle allegations that it sold millions of drivers’ location and driving-behavior data to brokers, who then sold the information to insurers that used it in part to set rates, sometimes increasing premiums.

Rivian Automotive, Inc. (NASDAQ: RIVN ) reported third-quarter revenue of $2.155 billion, which beat the analyst expectations of $1.984 billion. Rivian also reported an EPS loss o f 48 cents per share, which also exceeded market consensus of 72 cents per share. Ford Motor Co.

(NYSE: F ) posted Q3 earnings of 49 cents per share, beating analyst estimates of 41 cents per share. Ford’s $49.53 billion Q3 revenue also exceeded market expectations of $46.24 billion. Ford has produced more than 5,000 giant aluminum castings for its $28,350 Fathom electric pickup, adopting a manufacturing approach popularized by Tesla Inc. (NASDAQ: TSLA ) as Ford prepares for a 2027 launch.

Finance, Bitcoin & AI Strategy Inc. (NASDAQ: MSTR ) posted its third-quarter fiscal 2026 results after Thursday’s closing bell. Founder and Executive Chairman Michael Saylor said, "We’re at the beginning of the next Bitcoin bull market. " Steve Eisman believes the AI boom has a weak OpenAI and Anthropic are spending billions on computing power, but cheaper rival models could force them to cut prices, threatening their ability to keep spending.

Sam Bankman-Fried’s cryptocurrency empire turned an early bet on Anthropic into a $1.3 billion windfall. However, the startup’s reported IPO ambitions suggest the stake could have been worth much more than that amount if FTX had held on. The Anthropic IPO is now official, and it arrives at a delicate moment for AI stocks. Anthropic filed its S-1 on October 26 at a reported valuation of up to $2 trillion.

Markets cheered on day one, but the case that this deal is a late-cycle signal deserves a serious look. Photo via Shutterstock