Monday, Aug 31, 2026
84.9%. Micron Just Posted the Highest Gross Margin in Big Tech. Nobody Is Happy About It
Micron Technology reported fiscal third-quarter results on Wednesday that broke its own records so comprehensively that the numbers require a…
Qualcomm Wants ByteDance to Be Its First Big Data Center Customer. This Is What That Actually Means
Qualcomm is in discussions with ByteDance to provide custom chip-design services, according to four people familiar with the matter, a…
FedEx Beat on Revenue and EPS. The Stock Still Fell. The Freight Math Explains It
FedEx reported its fiscal Q4 2026 results on Tuesday that beat Wall Street’s expectations on both headline metrics: revenue of…
Cerebras Nearly Doubled Revenue. The Stock Fell 10%. The Gross Margin Is Why
Cerebras Systems posted its first quarterly results as a public company on Tuesday, and the top-line numbers are genuinely strong:…
Menlo Put $750 Million Into Anthropic When Nobody Else Would. That Bet Is Now Worth $14 Billion
Menlo Ventures announced Tuesday that it has raised $3 billion in new capital, split into two vehicles: Menlo Ventures XVII,…
1,000 Dark Stores in Under Two Years: Flipkart Just Rewrote India’s Quick-Commerce Scoreboard
Flipkart’s quick-commerce service, Minutes, crossed 1,000 micro-fulfillment centers on Tuesday – less than two years after its August 2024 launch…
Project Kilby: 2.67 Gigawatts, West Texas Natural Gas, and Microsoft’s Clean Energy Pledge on Hold
Microsoft and Chevron announced Monday they have signed a 20-year power purchase agreement under which Chevron’s subsidiary Energy Forge One,…
Lucid Cut 30% of Its Staff in Four Months. Its Saudi Backer Is Still Writing Checks
Lucid Motors announced on Monday it is cutting approximately 1,500 U.S. employees, roughly 18% of its workforce, as part of…
SpaceX Fell 16% Monday. It Also Filed for a $20 Billion Bond the Same Day
SpaceX stock closed Monday at $154.60, a 16.4% decline that was the largest single-day drop since the company’s June 12…
Boris Cherny Said Loops Are as Big as the Jump From Code to Agents. He Might Be Right
On Friday at Meta’s @Scale infrastructure conference, Claude Code creator Boris Cherny took the first audience question of his session,…
Record Revenue, Record Layoffs. The AI Labor Equation Has Two Sides
A running list of major tech companies that have explicitly cited AI as a reason for layoffs in 2026 now…
AbbVie Just Paid 60% Over Market for a Company With Zero Approved Drugs
AbbVie announced on Monday it has agreed to acquire Apogee Therapeutics for $135.11 per share in cash, valuing the Boston-based…
The AI Buildout Has a New Problem: Kevin Warsh Held His First Press Conference
Federal Reserve Chair Kevin Warsh held his first press conference last Wednesday, confirmed by the Senate on May 13 after…
SpaceX Hit $225 Last Week. It’s at $185 Today. Both Numbers Are Correct
SpaceX opened Monday down more than 4% in premarket trading, extending a two-session selloff that has seen the stock decline…
Anthropic Asked for Regulation. Washington Gave It One Specifically Designed to Hurt
The Fable 5 export control order that Commerce Secretary Howard Lutnick issued on June 13, forcing Anthropic to pull two…