SpaceX, Tesla merger talks progress, Bloomberg News reports

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• Cerebras reports Q3 core revenue up 70% YoY to $230.9M, vs. $214.7M est., issues strong guidance, and announces a Microsoft deal; CBRS jumps 15%+ after hours (Jordan Novet/CNBC)

  The chipmaker's latest financial release demonstrated significant commercial traction alongside a major new enterprise partnership. By pairing better-than-expected sales growth with robust forward projections, the business reinforced market confidence in its competitive position. Investors responded aggressively to the updates, driving substantial gains during extended trading.

  1 min read
• Nebius tests the neocloud playbook with $40 billion in planned spending

  The aggressive infrastructure expansion hinges on customer prepayments and asset-backed debt to cover the majority of its massive capital expenditures. However, this strategy faces mounting scrutiny as third-party facility setbacks threaten key delivery milestones for major artificial intelligence clients. The operational hurdles highlight the severe risks of aggressive scaling amid strict regulatory scrutiny and tight client oversight.

  4 min read
• Cisco beats on earnings, says AI infrastructure revenue will double this fiscal year

  Strong enterprise demand propelled the networking company's latest quarterly profit and top-line growth well past Wall Street targets. By lifting its forecasts for hardware sales to major hyperscalers, the firm is signaling aggressive momentum in cloud-level data center upgrades. The optimistic outlook also reinforces investor confidence following a period of substantial market outperformance against major tech indices.

  1 min read