SMIC's Q3 operating profit rises 33% as investment income weakens
SMIC's operating gains were outweighed by a $308 million decline in net other income. Its Q4 forecast points to higher sales but a lower gross margin.
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Nvidia names Colette Kress interim CEO as Jensen Huang resigns
Colette Kress keeps the CFO role while Nvidia searches for a permanent CEO. November 17 earnings will offer an early check on the leadership transition.
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Morning Brief: November 12, 2026 — Jobless claims rise to 200,000
Jobless claims rose while their four-week average held steady. Nasdaq futures weakened, and Nebius earnings put AI revenue quality and funding in focus.
Read articleGFT drops €1.5 billion revenue ambition for 2029, keeps margin goal
GFT replaces its numerical 2029 revenue ambition as AI changes service delivery. Better current profits put the focus on how future growth will be measured.
Read articleRUM forecasts lower Q4 sales after Quake AI lifts revenue
Quake AI supplied most of RUM Group’s third-quarter revenue. Its fourth-quarter forecast puts the focus on growth after the acquisition changed the business.
Read articleCGI’s adjusted earnings per share rise 8.5% as share count falls
CGI’s quarterly adjusted profit barely grew. A smaller share count lifted per-share earnings, while lower charges drove the larger reported profit gain.
Read articleAMD reports more than double the throughput in MI355X long-prompt test
The benchmark put most of the work before the reply. Its results are most relevant to AI services that repeatedly process the same source material.
Read articleNvidia board is preparing to remove Jensen Huang as CEO, reports say
The Wall Street Journal and CBS News report that Nvidia’s board is preparing to remove Jensen Huang. The company has yet to announce a decision.
Read articleThe Closing Edge: November 11, 2026 — Chip stocks lead the rebound
CoreWeave jumped 24.7% and the Nasdaq rose 1.6%. Thursday’s Treasury auction and technology earnings will test different parts of the rebound.
Read articleDeferred revenue explains CoreWeave’s $1.3 billion operating cash increase
CoreWeave’s cash from operations rose to $1.975 billion in Q3. The deferred revenue adjustment rose by more than the entire increase.
Read articleThe Closing Edge: November 10, 2026 — Stocks slip as the 10-year yield nears 5%
U.S. stocks fell as the 10-year Treasury yield reached 4.98%. A separate sale of $42 billion in new notes cleared at 5.020%.
Read articleSoundHound’s 2027–28 contract minimums reach $100.5 million
SoundHound’s minimum payments for 2027 and 2028 nearly doubled after the LivePerson deal. The two companies’ June filings show how much was already committed.
Read articleDeepMind’s AlphaProof Code verifies part of Signal’s code
Google DeepMind used AI to prove specific security claims about a compiled Signal component. The research shows why the software build and the claim both matter.
Read articleMorning Brief: November 10, 2026 — Monthly U.S. inflation slows to 0.4%
U.S. consumer prices rose 0.4% in October as energy increases eased. Core inflation held at 0.3%, and real hourly pay was flat.
Read articleClaude Fable 5.2 changes how custom agents reuse history
Anthropic now checks saved reasoning against earlier messages and tools on every Fable 5.2 account. A changing tool list can reduce reuse.
Read articleMARA’s $750 million loan payoff freed 17,477 pledged bitcoin
MARA used bitcoin sale proceeds to repay two loans. Its quarterly adjusted EBITDA still included a bitcoin valuation gain.
Read articleSanmina’s $78 million ZT charge explains most of its profit gap
A noncash charge explained about two-thirds of the gap between GAAP and adjusted operating income. The ZT deal can still require a cash payment.
Read articleThe Closing Edge: November 9, 2026 — Stocks rally as oil falls ahead of CPI
The S&P 500 rose 2.3% and Brent settled below $93. Treasury yields edged up ahead of Tuesday’s inflation report.
Read articleGoogle’s TPU Sync cut AI response waits in tests on Ironwood
Google reported shorter waits for AI responses in TPU Sync tests on seventh-generation Ironwood. Its new 8tx and 8i Max systems were announced separately.
Read articleUniti raises its 2026 sales outlook and projects a larger loss
Uniti’s 2026 sales outlook rose $25 million at the midpoint. A $95 million swing in projected taxes accounts for most of the increase in its expected loss.
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