China Lifts Export Ban
China has officially revoked its nearly year-long prohibition on the exportation of gallium, germanium, and antimony to the United States. This announcement came from the nation’s Commerce Ministry on Sunday, following a notable summit between President Donald Trump and Chinese leader Xi Jinping.
Air Traffic Controllers Ordered Back
President Donald Trump has mandated the immediate return of all air traffic controllers as the nation’s aviation infrastructure grapples with yet another surge of widespread flight cancellations. These disruptions stem from critical staffing shortages exacerbated by the ongoing government shutdown.
Regulatory Changes Considered
President Donald Trump is contemplating new regulations designed to curtail the influence of proxy advisory firms, particularly Institutional Shareholder Services (ISS) and Glass Lewis.
Earnings & Monthly Update
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) witnessed a notable increase in stock value on Monday, driven by the release of commendable financial results for October, reaffirming the enduring demand for advanced chip technology.
Plug Power Inc. (NASDAQ: PLUG) reported a quarterly loss of 12 cents per share, surpassing analysts’ expectations of a 13-cent loss. Revenue clocked in at $177.05 million, falling short of the anticipated $179.53 million.
Rigetti Computing Inc. (NASDAQ: RGTI) also reported a quarterly loss of 3 cents per share, better than the estimated loss of 4 cents, although revenue fell short at $1.94 million compared to the forecast of $2.17 million.
CoreWeave Inc (NASDAQ: CRWV) announced third-quarter revenue of $1.36 billion, exceeding analyst projections of $1.29 billion, and recorded an adjusted loss of 8 cents per share, outperforming expectations for a loss of 37 cents per share.
AST SpaceMobile Inc. (NASDAQ: ASTS) faced quarterly losses of 45 cents per share, which did not meet analyst expectations of a 23-cent loss, with revenue at $14.73 million, falling short of the consensus estimate of $19.93 million.
Rocket Lab Corp (NASDAQ: RKLB) achieved third-quarter revenue of $155.05 million, exceeding the consensus estimate of $151.75 million, along with a loss of 3 cents per share, better than analysts’ forecast of an 11-cent loss.
PlayStation parent Sony Group (NYSE: SONY) delivered robust fiscal second-quarter results for 2025, buoyed by consistent demand for the PlayStation 5 and strong performances in its music and semiconductor divisions.
Tencent Music Entertainment (NYSE: TME) recorded third-quarter revenue of $1.19 billion, reflecting a 20.6% year-over-year surge, driven by vigorous growth in online music services, surpassing analysts’ expectations of $1.11 billion.
Smartphones, Entertainment & Others
In a concerted effort to realize its long-term vision, Apple Inc. (NASDAQ: AAPL) is progressing in its ambitious satellite connectivity initiative, reportedly working on a suite of innovative attributes to enhance its satellite offerings.
Sony Group Corp (NYSE: SONY) has introduced a cost-effective version of its flagship PlayStation 5 console, exclusively available in Japan.
Alibaba Group Holding Ltd (NYSE: BABA) experienced a surge in stock following reports indicating a restructuring of its mobile artificial intelligence application.
Semiconductor & Technology
Taiwan Semiconductor is allegedly encountering a shortfall in the supply of 2-nanometer chips, with Apple having already secured more than half of the foundry’s capacity for 2026.
In a show of support, Taiwan continues to advocate for Taiwan Semiconductor‘s inaugural European chip manufacturing facility, with former president Tsai Ing-wen voicing her backing during a visit to the site in Dresden, Germany.
SoftBank Group Corp. (OTCPK: SFTBY) has garnered over $15 billion by divesting its significant stakes in T-Mobile US Inc. (NASDAQ: TMUS) and Nvidia Corp. (NASDAQ: NVDA).
Yann LeCun, the chief artificial intelligence scientist at Meta Platforms Inc. (NASDAQ: META), is reportedly contemplating a departure from the company to establish his own venture.
Micron Technology Inc. (NASDAQ: MU) has commenced the shipping of qualification samples for its automotive Universal Flash Storage (UFS) 4.1 solution to clients globally.
Microsoft Corp (NASDAQ: MSFT) has pledged $10 billion to establish an artificial intelligence data center along the coast of Portugal.
Furthermore, Microsoft is intensifying its data center expansion through the inauguration of an artificial intelligence “super factory” in Atlanta—a sprawling two-story complex designed to integrate seamlessly with similar hubs across its Fairwater network for extraordinary computing capacity.
Google parent Alphabet (NASDAQ: GOOGL) has allocated 5.5 billion euros ($6.41 billion) for infrastructural and data center expansion in Germany.
Google has initiated legal proceedings against a Chinese cybercrime syndicate alleged to have orchestrated extensive text-message phishing campaigns.
Advanced Micro Devices Inc. (NASDAQ: AMD) shares surged following the company’s projection of a revenue compound annual growth rate exceeding 35% over the next three to five years.
International Business Machines Corp. (NYSE: IBM) unveiled a series of quantum computing achievements during its annual Quantum Developer Conference, highlighting strides toward attaining quantum advantage by 2026 and fault-tolerant quantum systems by 2029.
Synopsys Inc. (NASDAQ: SNPS) announced intentions to reduce its workforce by approximately 10%, translating to roughly 2,000 employees, to redirect resources toward high-growth sectors.
Automotive
Tesla Inc. (NASDAQ: TSLA) saw the departure of its Cybertruck and Model 3 program manager amid disappointing sales figures.
Additionally, Tesla stock experienced a decline following U.S. safety regulators’ announcement of a nationwide recall impacting thousands of the company’s Powerwall 2 energy storage units.
General Motors Co. (NYSE: GM) has commenced production of the Chevrolet Bolt EV, marking the launch of the company’s most economical electric vehicle in the U.S.
DoorDash, Inc. (NASDAQ: DASH) and Coco Robotics, an autonomous delivery enterprise, revealed plans to amplify their partnership to enhance robot-powered deliveries across Los Angeles, Chicago, and, for the first time, Miami.
Artificial Intelligence (AI)
Aravind Srinivas, CEO of Perplexity, has raised concerns that AI-driven companionship applications may entail psychological risks as users delve deeper into virtual relationships.
Source link: Benzinga.com.
