filecrux
Nov 1, 9:49 PM
$XLK $META $AMAT Technology, week of Oct 26: 74 companies made news worth knowing.
📈 Earnings led the week: 37 tech companies put out 46 results reports, and 33 of them brought good news for owners
🏦 Meta, the owner of Facebook and Instagram, launched
$35B of stock sales and plans about
$95B in all to fund its AI build, with
$135 to
$145 billion of spending planned for 2026
⚠️ Nvidia, AMD and Broadcom may buy up to
$5.0B of the new Meta stock, but that interest is not binding
🤝 Applied Materials, which makes chip-making tools, will lift its stake in Dutch toolmaker Besi to about 20% from 9%, but it has not said what it is paying
🚀 Vertiv, which powers and cools data centers, grew third-quarter sales 61% to
$4,313M and raised its full-year sales forecast by
$650M
⚠️ Bad news was rare: 3 results reports, 2 reports of other kinds and 1 of the 4 leader changes hurt holders
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