Super Micro reports Q1 revenue down 15% YoY to $5B, vs. $6.09B est., and forecasts Q2 profit below estimates; SMCI drops 9%+ after hours (Dina Bass/Bloomberg)

Bloomberg's Caroline Hyde and Ed Ludlow highlight the recent decline in tech shares amid rising concerns about the sustainability of the AI rally. They also analyze earnings reports from companies like Palantir, Uber, Spotify, and Grab. Additionally, the world's largest sovereign wealth fund has voted against Tesla's proposed pay package for CEO Elon Musk.

AMD has reported a 36% year-over-year increase in Q3 revenue, reaching $9.24 billion, surpassing estimates of $8.7 billion. The data center revenue also saw a rise of 22%, totaling $4.3 billion. However, the company has forecasted Q4 revenue to be below the highest projections, which has left some investors cautious.

Super Micro Computer Inc. saw its shares drop significantly after the company reported lower-than-expected first-quarter sales and profit. The disappointing earnings forecast has raised concerns about its ability to meet the growing demand for AI equipment.

IBM has announced plans to reduce its workforce by a low single-digit percentage in the fourth quarter, which will impact thousands of employees. As of the end of 2024, the company employed around 270,000 workers, highlighting the significant scale of this decision as it shifts focus towards software growth.

Amazon has issued a cease-and-desist order to Perplexity, demanding that it stop allowing Comet to make purchases on behalf of users. The tech giant accuses Perplexity of engaging in computer fraud, raising concerns about the implications of AI in online transactions.

Paris prosecutors have launched an investigation into TikTok's algorithm and its compliance with regulations regarding the monitoring and reporting of suicide-related content. This inquiry follows a recent French government report highlighting concerns about the platform's ability to manage harmful content effectively. The outcome of this investigation could have significant implications for TikTok's operations in France and potentially influence how social media platforms handle sensitive issues globally.

Firstsource has reported a remarkable 20% increase in revenue and a 28% rise in EBIT for Q2, driven by AI-led deals and effective margin expansion. The company highlights its strong growth, resilience, and disciplined execution as key factors in this impressive performance.

Spotify has reported a strong Q3 performance, with revenue rising 12% year-over-year to €4.3 billion, surpassing estimates. The number of subscribers also grew by 12% to reach 281 million, while monthly active users increased by 11% to 713 million. This growth is significant as it reflects Spotify's ability to attract and retain users, which is crucial for its ongoing success, especially as the company approaches a leadership transition.

After a challenging start at the Kiroween Hackathon, I pivoted from my ambitious ghost tape recorder project to create Spec-Tape, a web app that taps into 90s nostalgia and utilizes AI for textual analysis. This experience taught me valuable lessons about adaptability and focusing on what truly resonates.

The US has imposed sanctions on eight individuals and two companies linked to money laundering activities associated with cybercrime and IT worker schemes for the North Korean government. This move aims to combat illicit financial activities and strengthen international efforts against cyber threats.

The concept of Great Flattening is transforming the role of middle managers in the AI era, allowing companies to streamline their structures and empower frontline teams. While this shift enhances decision-making and autonomy, it also presents new challenges in coordination and development. Middle managers are now pivotal in balancing strategy and execution, leveraging AI tools to focus on coaching and problem-solving.

Congratulations on connecting your frontend to your headless CMS! Now, the real challenge begins: mapping the CMS data into a format your frontend can understand. This crucial step distinguishes experienced developers from beginners, ensuring a smooth integration.

Black Friday is approaching, and it's the perfect time to start your holiday shopping with fantastic early deals on gaming desktop PCs, laptops, SSDs, and more.

Amazon has issued legal threats to Perplexity, expressing its discontent over the use of agentic browsing on its platform. The e-commerce giant insists that any agents operating on its site must clearly identify themselves, leaving Perplexity unhappy with the situation.