Earnings
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36 stories in Business · Updated live
SK Hynix Overtakes Intel in 2025 Global Chip Revenue Rankings on AI Memory Demand
SK Hynix reported 2025 revenue of $67.2 billion, up 42.3%, placing it third among global chip suppliers ahead of Intel, which fell to fourth with $48.5 billion after a 3.7% decline. The reversal is driven by surging demand for high-bandwidth memory used in AI infrastructure, where SK Hynix holds roughly half the market as the leading supplier to Nvidia. The shift is likely to intensify competition in AI memory and pressure Intel to accelerate its capital raising and partnerships aimed at AI-related technologies.
SpaceX Reports First Quarterly Profit Driven by AI Revenue Surge
On October 20, 2026, SpaceX announced its first quarterly profit as a public company, achieving $4.4 billion in net profit with total revenues of $14.5 billion. This financial turnaround was triggered by a significant increase in AI-related revenue, which surpassed contributions from its Starlink and space launch operations. The long-term implication suggests a strategic pivot towards AI will continue to reshape SpaceX's business model and market positioning in the aerospace sector.
U.S. Equities Rise on AI Sector Rebound Ahead of Federal Reserve Decision and Tech Earnings
U.S. stock indexes closed higher on October 27, 2026, with the S&P 500 up 0.6 percent and the Nasdaq Composite up 1.2 percent as technology shares recovered. The rebound was triggered by Anthropic's IPO filing, which revealed $16.3 billion in first-half revenue alongside an $80.7 billion net loss, and by investor positioning ahead of the Federal Reserve's policy meeting and major tech earnings. The sector's recovery is likely to hinge on whether upcoming earnings from Microsoft, Alphabet and Amazon validate AI infrastructure spending and whether the Fed holds rates steady amid ongoing borrowing cost concerns.
American Express Cuts Approximately 3,500 Jobs in Global Restructuring Ahead of AI Integration
American Express announced on October 23, 2026 the elimination of about 3,500 positions, equal to 5 percent of its global workforce, alongside a $336 million pretax restructuring charge. The move follows two years of hiring expansion and comes despite strong third-quarter results, with revenue of $20.1 billion and an upward revision to full-year 2026 profit guidance, as the company seeks to reduce management layers and streamline operations. The restructuring positions the firm to accelerate decision-making and integrate artificial intelligence across its processes, signaling a broader industry shift toward leaner, automated operations in financial services.
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SK Hynix Overtakes Intel in 2025 Global Chip Revenue Rankings on AI Memory Demand
SK Hynix reported 2025 revenue of $67.2 billion, up 42.3%, placing it third among global chip suppliers ahead of Intel, which fell to fourth with $48.5 billion after a 3.7% decline. The reversal is driven by surging demand for high-bandwidth memory used in AI infrastructure, where SK Hynix holds roughly half the market as the leading supplier to Nvidia. The shift is likely to intensify competition in AI memory and pressure Intel to accelerate its capital raising and partnerships aimed at AI-related technologies.
CoreWeave Shares Rebound After Crusoe CEO Calls Neocloud Selloff Overblown
On October 27, 2026, CoreWeave shares rose approximately 8% intraday and peer neocloud stocks gained after Crusoe CEO Chase Lochmiller described recent sector selloffs as overblown at the Bloomberg Invest conference in Dallas. The rebound followed a decline of more than 30% driven by concerns over expansion financing costs and elevated debt levels, with Lochmiller citing CoreWeave's favorable customer contracts and sizable backlog as evidence of resilience. If investor confidence holds, the remarks may ease credit risk perceptions across the neocloud segment and reduce pressure on financing conditions for AI infrastructure expansion.
Asian Equities Rally on AI Optimism as Kospi Surges 6.2% Ahead of Megacap Earnings and Fed Decision
Asian equity benchmarks advanced for a second consecutive session on October 27-28, 2026, led by a 6.2% daily gain in South Korea's Kospi Index as technology shares rebounded. The rally was triggered by SK Hynix reporting a sevenfold profit increase alongside Anthropic's IPO filing and renewed enthusiasm for AI infrastructure spending after weeks of semiconductor declines. Continued momentum is likely to hinge on confirmation of AI demand breadth from upcoming megacap earnings and the Federal Reserve's rate decision amid persistent inflation concerns.
Anthropic S-1 Filing Lifts AI Infrastructure Stocks as CoreWeave Rises 8 Percent
On October 26, 2026, Anthropic publicly released its S-1 IPO prospectus, disclosing first-half 2026 revenue of $16.3 billion and a planned Nasdaq listing under ticker ANT. The filing followed weeks of sharp declines in AI infrastructure stocks over concerns about the sustainability of massive compute and data center spending, prompting investors to reassess those commitments against Anthropic's disclosed liquidity. The filing is likely to make Anthropic's upcoming November 2026 listing and subsequent financial disclosures a key benchmark for whether sustained AI capital expenditure can be justified by revenue growth.