Morning Scan
Earnings season keeps handing out the same lesson: beating estimates isn’t enough anymore, guidance is everything. Duolingo, AppLovin and Block all posted solid growth and still got punished or shrugged at after hours.
// The Scan
Morning and evening signal snapshots, Monday through Friday.
Evening Scan
The morning’s Google story extended: Bloomberg confirmed Mountain View is now the center of gravity for AI leadership, and Semafor’s sourcing suggests Hassabis had one foot out the door well before today’s news broke.
Morning Scan
Earnings season keeps confirming the same story: everyone with a balance sheet big enough is pouring it into AI infrastructure, and the market is starting to squint at the bill.
Evening Scan
SpaceX’s first earnings report as a public company landed with a thud despite blowout numbers — revenue doubled, but a sevenfold jump in capex spooked investors enough to send shares down 7%.
Morning Scan
The AI money keeps flowing to fewer, bigger pipes — Google just backstopped Anthropic to the tune of $200B, while Apple and OpenAI air their laundry in federal court. Palantir’s Karp is out here calling his own industry Marxist after banking a billion in quarterly profit, which is a choice.
Evening Scan
Earnings did the talking today: Palantir and Snap both beat estimates and popped after hours, while Amazon hit the $3T market cap on the back of Monday’s rally. Apple’s legal team spent the day trying to keep OpenAI out of its trade secrets. OpenAI spent the day publicly disagreeing.
Morning Scan
Big Tech earnings season is doing that thing where the numbers are great and the stock reaction is terrible.
Evening Scan
The MacBook Air shortage story got weirder today: it’s not demand, it’s memory chips, and it’s not clearing before the holidays. Alibaba jumped back into the open-model arms race less than a week after Kimi K3’s moment.
Morning Scan
Apple posted record revenue, then a memory-shortage warning erased 10% of market cap in a single session. The crypto and hardware-wallet world got a reminder that “cold storage” means little if the firmware is compromised, and Iran’s sanctions evaders found a Dubai-shaped loophole worth billions.
Evening Scan
Chip stocks reversed course today: SK Hynix and Samsung both gained 20%+ in Seoul, erasing this week’s losses in a single session. Apple’s earnings beat gave way to a softer Q4 outlook, and Anthropic disclosed that its models were compromised at customer sites.
Morning Scan
Microsoft and Meta both beat this week, but on different terms. Microsoft’s cloud business is humming; Meta absorbed $2.4B in legal charges and still saw its stock drop 8% on a soft Q3 forecast. AI capital keeps cycling between Redmond, Anthropic, and OpenAI.
Evening Scan
Earnings season kept swinging today — Samsung posted numbers that read like a typo, Microsoft’s Azure crossed a milestone, and Meta’s stock took an 8% haircut despite growing revenue. Most other news was thin.