AI infrastructure boom: capex, earnings beats and a chip IPO pause
Hyperscaler capex is surging and electronics names posted big beats. Meanwhile AMD slipped after earnings and two chip IPOs were paused.
What we know
An account on X RTs that Amazon, Google, Microsoft and Meta spent $202B combined in Q3, up 108% YoY. Another account on X reports Avnet revenue of $10.72B vs. $9.2B est. Another account on X notes AMD is down 2% after results. Meta's debut euro bond drew a record €53B in demand. Another account on X says YMTC and Solidigm IPOs were paused on market weakness, and another account on X is covering where midterms could stop data centers.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.