Consumer Tech (Nov 9-13): Jensen Resigns From Nvidia Amid Affair Controvery, Microsoft Faces Massive Outage & More

Ukrainian President Volodymyr Zelenskyy warned that renewed restrictions on Elon Musk’s Starshield satellite communications service are weakening Ukraine’s defenses against Russian drones, insisting the disruptions are “not random errors” but systematic limitations affecting frontline military operations.

House Speaker Mike Johnson (R-La.) says bipartisan support is growing for tighter restrictions on China’s access to advanced AI chips, as controversy over former Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang intensifies scrutiny of Washington’s export-control policies.

Voter opposition to data center development across 10 states and Democrats’ midterm gains have raised concerns about tighter regulatory oversight, sending several AI infrastructure stocks sharply lower.

The United Auto Workers union has urged House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries (D-N.Y.) to protect American auto interests as Chinese automakers gain market share in regions outside the U.S.

Chinese AI firms are reportedly seeking access to Nvidia Corp. (NASDAQ: NVDA)-equipped data centers beyond China’s borders, looking to secure computing resources amid concerns that a controversy surrounding CEO Jensen Huang could prompt U.S. authorities to impose stricter limits on their ability to remotely access advanced chips.

Software & Technology

• NVIDIA announced that Huang had resigned as president, CEO and board member, effective immediately. Chief Financial Officer Colette Kress will serve as interim CEO while the board searches for a permanent successor.
• Marvell Technology, Inc. (NASDAQ:MRVL) will showcase its latest AI and high-performance computing technologies at Supercomputing 2026, scheduled for Nov. 15-20 in Chicago. The company is targeting connectivity and memory bottlenecks that can limit the utilization of computing infrastructure as AI and high-performance computing workloads become more demanding.
• Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) said employee information was exposed through an external cloud provider, while hackers reportedly demanded 3 Bitcoins (CRYPTO: BTC) to withhold the records.
• Applied Materials, Inc. (NASDAQ:AMAT) reported fourth-quarter revenue of $10.41 billion, beating analysts’ estimate of $10.30 billion. Adjusted earnings of $4.16 per share topped expectations of $4.05.
• Nscale, the Nvidia-backed British AI infrastructure company, disclosed a sharply wider quarterly loss in updated documents for its proposed U.S. initial public offering.
• Cerebras Systems Inc. (NASDAQ:CBRS) reported a third-quarter loss of 67 cents per share, wider than the analyst estimate of a 14-cent loss, missing expectations by 378.6%. GAAP revenue came in at $210.8 million, slightly below the $214.93 million estimate. However, the company’s adjusted core revenue reached $230.9 million, beating the $214.7 million LSEG consensus estimate, per Reuters.
• Microsoft Corp. (NASDAQ:MSFT) is facing disruptions beyond workplaces and businesses, with its widespread Outlook outage preventing a Colorado detention facility from processing online bond payments needed to release individuals from custody.
• Cisco Systems Inc. (NASDAQ: CSCO) reported record first-quarter revenue of $18.52 billion, up 24% year-over-year, even as its headcount fell, and said it has given every employee an AI agent. The networking giant is also bringing Anthropic’s Claude Mythos model into its security products.
• Vertiv Holdings (NYSE:VRT) introduced the PowerNexus MV UPS, an outdoor-rated, medium voltage system, for colocation, neocloud and hyperscale operators. Grid queues and limited indoor space can delay deployment and revenue.
• Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) raised nearly $4 billion through Asian bond sales and expanded its artificial intelligence offerings with new smart glasses and Gemini features.
• HubSpot Inc. (NYSE:HUBS) stock rose Thursday after the software company announced a major leadership shake-up and reaffirmed its fourth-quarter and full-year 2026 financial guidance.
• Nebius Group (NASDAQ:NBIS) beat estimates for the third quarter and guided fiscal 2027 revenue above analyst expectations, but said it now expects 2026 revenue at the low end of its $3 billion to $3.4 billion range.
• Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp said Silicon Valley “would not even exist” without support from the U.S. military, arguing that the technology hub grew from cooperation among government, universities, and private capital.
• Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU) reported weaker-than-expected third-quarter results. Xanadu reported a loss of 11 cents per share, wider than analysts’ expectations for a 10-cent loss.
• CoreWeave, Inc. (NASDAQ:CRWV) , the specialized artificial intelligence cloud infrastructure provider, published third-quarter financial results on Tuesday. The company reported $3.66 billion in third-quarter revenue, reflecting a 168% increase year over year, while active power surpassed 1.7 gigawatts.
• Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) board approved investments totaling up to $1 billion in AI developers Anthropic and OpenAI.
• RUM Group Inc. (NASDAQ:RUM) shares are trading higher Wednesday after the company reported record third-quarter revenue that beat analyst expectations, despite a wider-than-expected per-share loss.
• ByteDance Ltd. reportedly plans the release of an AI assistant on the lines of Meta Platforms Inc. (NASDAQ:META) in the coming weeks to advance its lead in the AI race with the U.S. counterparts.
• Rigetti Computing, Inc. (NASDAQ:RGTI) reported quarterly losses of six cents per share, which missed the consensus estimate for a loss of five cents, per Benzinga Pro data. Quarterly revenue of $1.41 million missed the analyst estimate of $3.52 million and was down from $1.95 million in the same period last year.

Aerospace, Defense & Automobile

• Elon Musk‘s SpaceX (NASDAQ:SPCX) is preparing for its Starship launch Friday, but the company is still awaiting federal approval just hours before liftoff. CEO Elon Musk reiterated his goal of reaching 1 Petawatt of power annually on Wednesday as the commercial spaceflight giant targets the Moon and Mars.
• SpaceX plans to invest more than $74 billion in AI supercomputing facilities across Texas and Arizona, expanding a business that now generates more revenue than its rockets and Starlink operations combined.
• CEO Elon Musk sees the Cybercab dominating the ride-hailing sector in markets where Robotaxis can operate commercially as the EV giant’s Robotaxi efforts gather steam.
• Elon Musk said Space Exploration Technologies has ordered advanced solar manufacturing equipment from Germany’s Singulus Technologies, targeting 100 gigawatts of annual production capacity to power its planned Starmind artificial intelligence satellites.
• Delta Air Lines Inc. (NYSE:DAL) CEO Ed Bastian has said that the company’s approach to allowing AI agents will differ from its competitors, while outlining the "tremendous opportunity" that AI presents for the airline sector.
• Alphabet (NASDAQ:GOOGL) could buy Uber Technologies (NYSE:UBER), combining its Waymo robotaxi business with America’s largest ride-hailing network, Reuters Breakingviews columnist Jennifer Saba argued Tuesday.

Crypto & AI

• Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said the cryptocurrency exchange is using feedback from AI agents to accelerate product development, with some requested features making it into production within a day.
• Anthropic has expanded Claude’s capabilities beyond chatbot conversations with AI-powered spreadsheets, meeting assistants, collaborative whiteboards and deeper integrations designed to take on Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s and Microsoft Corp.’s (NASDAQ:MSFT) workplace productivity ecosystems.
• OpenAI has acquired AI travel startup Odessia, adding another consumer-focused application to its growing portfolio of AI-powered products as the company expands its push into autonomous AI agents.

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