AI Stock Wire · Mon 2 Nov

AIAI-generated summary Fabrinet released its financial results for the first quarter, reporting that sales rose 51% to a record $1.47 billion. Fabrinet expects fiscal second-quarter revenue of $1.6 billion to $1.65 billion and adjusted earnings of $4.77 to $4.92 a share.

Earnings

AIAI-generated summary Palantir releases its third-quarter financial results, beating analyst expectations across every major line and lifting its full-year revenue outlook to around $8.53 billion. Palantir says it expects fourth-quarter revenue of about $2.65 billion while raising full-year adjusted operating income guidance to about $5.25 billion.

Earnings

AIAI-generated summary Meta Platforms announced it is preparing a new bond sale that may include euros and dollar bonds in multiple parts. The company asked Citigroup and Morgan Stanley to hold investor calls on November 2 and 3 according to Bloomberg reports.

Meta Funding

AIAI-generated summary Anthropic made available an amended IPO filing showing a third quarter operating loss of $567 million as revenue growth slowed. Anthropic says the operating loss resulted primarily from $5 billion in computing capacity from short-term commitments and $2 billion in noncash charges.

Anthropic Claude Compute Costs Funding Earnings

AIAI-generated summary Marvell Technology and Lumentum Holdings announced they plan to combine in a deal intended to target the optical-networking market. Marvell shareholders will own about two thirds of the combined business once the transaction is complete in the first half of 2028.

Acquisitions

AIAI-generated summary According to reports, OpenAI is planning a policy and public relations blitz following the midterms to rebrand data centers as AI compute campuses. The effort aims to align the company with Washington changes and frame the artificial intelligence debate for 2028 presidential contenders.

OpenAI Meta AI Data Centers Government

AIAI-generated summary President Lee Jae Myung announced a planned bold investment in artificial intelligence and other future growth engines during a speech at the National Assembly. The government submitted the 2027 budget bill proposing 820.9 trillion won in total government spending to support these economic growth potential initiatives.

Government