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* Market Divide: The Dow Jones Industrial Average experienced a downturn, while the tech-heavy Nasdaq Composite surged, driven by enthusiasm for artificial intelligence. * AI Catalyst: Amazon's landmark $38 billion deal with OpenAI sent shockwaves through the market, causing shares of Amazon and chipmaker Nvidia to climb significantly. * Economic Worries:
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* Dev Ittycheria, the CEO who guided MongoDB through its 2017 IPO and massive growth, is stepping down after an 11-year tenure. * Chirantan “CJ” Desai, a former executive at Cloudflare and ServiceNow, will take over as the new CEO effective November 10. * Despite the leadership shake-up, MongoDB signaled strong financial health,
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* Musk's Milestone: Elon Musk's net worth has once again surpassed the staggering $500 billion mark, solidifying his position as the world's wealthiest individual. * Tesla's Surge: The primary driver is a significant rally in Tesla's stock, which rose over 2.2%
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* Strategic AI Partnership: Nscale is integrating Vast Data's AI Operating System to power its massive global AI infrastructure expansion. * Unprecedented Scale: The collaboration is set to support Nscale's plan to deploy 300,000 Nvidia Grace Blackwell GPUs, signaling a new era for hyperscale compute. * Powering Major
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* Winning Streak Continues: The Dow, S&P 500, and Nasdaq secured gains for the day, week, and month, marking a sustained period of market strength. * Amazon Hits All-Time High: Fueled by stellar third-quarter earnings, Amazon's stock surged approximately 10%, with its AWS cloud division showing a significant
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* Nvidia CEO Jensen Huang, Samsung Chairman Lee Jae-yong, and Hyundai Chair Chung Eui-sun shared a surprise casual dinner of fried chicken and beer in Seoul. * With a combined net worth of $195 billion, the trio unexpectedly paid the entire bill for all other diners in the restaurant, creating a viral
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* A colossal "hyperscale" data center backed by OpenAI and Oracle is planned for a 250-acre site on farmland near Ann Arbor, Michigan. * The project is spearheaded by a real estate firm connected to billionaire Stephen Ross's business empire. * The facility's projected energy consumption is
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* OpenAI CEO Sam Altman has publicly demanded a refund for his 2018 Tesla Roadster deposit, highlighting a 7.5-year wait. * Altman posted screenshots on X showing his original reservation, his recent refund request for $50,000, and the subsequent bounced email from Tesla. * The public jab is seen as the
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* Roku's stock price reached a new 52-week high, closing at an impressive $107.57. * The surge follows a strong third-quarter earnings report that met market expectations and a fourth-quarter revenue outlook that surpassed predictions. * Key metrics like platform revenue growth and a positive EBITDA outlook are fueling investor
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* Amazon shattered Q3 earnings expectations with $1.95 EPS on revenue of $180.2 billion, beating analyst forecasts. * The company's critical cloud division, Amazon Web Services (AWS), also surpassed expectations with $33.01 billion in revenue. * Following the news, Amazon (AMZN) stock surged more than 9%, signaling strong
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* Netflix's Board of Directors has approved a massive ten-for-one forward stock split. * The primary goal is to lower the per-share price, making stock options more accessible for company employees. * Shareholders of record as of November 10, 2025, will receive nine additional shares for each share they hold. * Split-adjusted
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* The Nasdaq Composite led the market downturn, falling 1.57%, as major tech stocks faced a significant sell-off. * Meta and Microsoft shares declined despite reporting better-than-expected quarterly earnings, primarily due to forecasts of increased future spending on AI and infrastructure. * Alphabet defied the trend, with its stock jumping over 7%