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Applied Materials Forecasts $600M Revenue Hit from Expanded China Export Curbs
Applied Materials expects a $600 million revenue loss in fiscal 2026 due to new U.S. rules restricting exports of chip manufacturing machinery to China-based affiliates aimed at preventing circumvention of controls.
Uber Boosts AI Business by Buying Segments.ai
Uber bought Segments.ai, a startup, to expand its AI data-labeling unit. They train self-driving tech and now serve over 50 clients.
The $33 Billion Bet: How Microsoft's Neocloud Strategy is Dominating the AI Capacity Race
Microsoft is addressing the severe AI data center shortage and fueling its internal and customer AI demand by investing over $33 billion in "neocloud" providers, shifting infrastructure strategy, and gaining crucial financial flexibility.
Planet Labs Excels: Why Its Price Target Jumped
Wedbush raised its price target for Planet Labs from $11 to $17 due to impressive traction in government contracts and a strong commercial rebound, leading to a massive $735M backlog.
Tesla Hits Record Deliveries Thanks to US Tax Credit Rush
Tesla smashed Q3 delivery records (497k). US buyers rushed to use expiring $7.5k tax credits, offsetting slow sales in Europe.