Flash News

TREE NEWS update: Intel said it expects its custom silicon chip business to grow threefold over the next three years. The company also forecast that the total addressable market for PCs by shipments will fall 12% in 2026 and 10% in 2027, while saying it still believes PCs will see a renaissance. Next year is set to be a year of investment for the company.

TREE NEWS update: SanDisk (SNDK) reported first-quarter fiscal 2027 revenue of $11.031 billion for the period ended Oct. 2, up 378% year over year and 23% sequentially, with data center revenue at $4.802 billion, up 61% quarter over quarter. GAAP net income was $8.101 billion, or $52.60 diluted EPS pre-split. The company guided second-quarter revenue to $12.2–12.6 billion and announced an 8-for-1 stock split, with a record date of Nov. 9 and split-adjusted trading expected to begin at the Nov. 20 open.

TREE NEWS update: Intel said it expects capital expenditure of about $20 billion in 2026, with spending rising in 2027, and aims to repay debt in 2027. The chipmaker also projected net cash income of roughly $1.1 billion in both 2027 and 2028.

TREE NEWS update: Intel said the shutdown of its plant in Israel will affect $300 million in revenue, the company disclosed. The figure quantifies the financial impact of halting operations at the Israeli facility. No further details on the timeline or scope of the shutdown were provided.

TREE NEWS update: Amazon’s chief financial officer said the launch of Project Leo is running later than expected and is affecting the company’s fourth-quarter guidance. Project Leo is now expected to launch in the first quarter, with most of its spending incurred in the fourth quarter.

TREE NEWS update: Berkshire Hathaway sold shares of DaVita Inc. (DVA) at $180.43 per share, the company disclosed. Following the sale, Berkshire still holds 28.31 million DaVita shares. The filing did not specify the number of shares sold or the total proceeds.

TREE NEWS update: Amazon said its Prime Video business is profitable, the company stated. No financial figures, time frame or segment breakdown accompanied the statement. The disclosure marks a rare public profitability comment on the streaming unit, which Amazon has historically reported within its broader subscription and advertising results.

TREE NEWS update: Amazon CEO said AWS is expected to grow more than 40% in both 2027 and 2028, and projected the cloud unit will reach $1 trillion in annual revenue within the next five to 10 years. The comments set out growth targets for Amazon’s cloud division beyond the near term.

TREE NEWS update: Intel’s CEO said the PC market correction has accelerated over the past two months as OEM partners actively manage inventory to adapt to weaker end-user sales. He said the current PC market environment will persist until memory supply and pricing normalize, and that an industry-wide shortage of advanced organic substrates for EMIB packaging is also constraining the company’s ability to ramp output. The long-term outlook for the PC market remains positive.

TREE NEWS update: Amazon’s cloud unit AWS holds a backlog of $578 billion, CEO Andy Jassy said, with the figure up triple digits year over year. The backlog represents contracted future revenue for the cloud provider.

TREE NEWS update: Intel’s CEO said the company’s commitments to purchase key components will increase over the coming quarters. The remark points to rising procurement obligations for critical parts as Intel’s manufacturing and product plans move forward. No specific figures or component categories were disclosed.

TREE NEWS reports: In late New York trading on Thursday, October 29, S&P 500 futures closed down 0.87%, Dow futures fell 0.28%, and Nasdaq 100 futures dropped 2.52%. Russell 2000 futures bucked the trend, gaining 0.97%.

TREE NEWS update: Intel’s CEO said the demand environment in the third quarter was more balanced than in previous quarters, while remaining “vigilant” about persistent challenges in meeting server demand over the coming quarters. The CEO also said an August equity financing provided financial resources for future growth. No figures were disclosed.

TREE NEWS update: Strategy reported $19.53 billion in third-quarter net income, driven by a $20.91 billion gain on its bitcoin holdings, and now holds 848,517 BTC. Preferred shareholders also approved a move to daily dividend payments. The company disclosed the results alongside the bitcoin position and the dividend change.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.59% to 2,901.57 on Thursday, October 29, after a slight rise in early Asia-Pacific trading gave way to a steady decline. Aurora Innovation dropped 13.46%, Mobileye Global fell 9.21%, Hesai Group lost 6.22% and Lucid Group slid 6.16%. Among the eight gainers, Porsche P911 rose 3.22%, STMicroelectronics added 1.93% in Paris and Volvo gained 0.95%.

TREE NEWS reports: Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, while revenue held flat at $1.22 billion. The exchange’s profit for the quarter reflects the impact of digital-asset price moves on its balance sheet.

TREE NEWS reports: Coinbase beat third-quarter transaction revenue estimates as crypto market gains lifted its profit, with average USDC held in Coinbase products reaching a record $22 billion. Adjusted net income came in at $77.7 million, compared with $719 million reported in the prior period.

TREE NEWS reports: AMD’s senior credit default swap spreads widened by 11 basis points, marking the largest single-day increase in four years. The move reflects heightened credit market concern around the chipmaker, though the material did not specify a trigger or the levels at which the CDS now trades.

TREE NEWS reports: SanDisk (SNDK) shares reversed earlier losses to trade up 3% in after-hours US trading. The move extends the stock’s post-close swing, with the 3% gain marking its latest after-hours level. No further details were disclosed.

TREE NEWS update: Reddit plans to shift its user experience toward a login-first model and will eventually restrict how much content unregistered users can access, CEO Steve Huffman said Thursday. The company will begin testing different approaches outside the U.S. in the fourth quarter. The move marks a major change for Reddit, which for 20 years has allowed users to browse its forums without registering an account, and is aimed at boosting engagement and its advertising business.