TECHNOLOGY

Nvidia shares fell 7.64% in a broad sell-off across AI and semiconductor stocks, pushing the Nasdaq sharply lower as investors assessed AI spending concerns and awaited the company's quarterly results.

Kyndryl shares jumped more than 26% after the IT services company beat adjusted earnings forecasts, reported strong contract signings and reaffirmed its full-year financial outlook.

Bruker shares surged after adjusted third-quarter earnings exceeded forecasts and margins expanded, offsetting modest revenue growth and a $174.5 million non-cash goodwill impairment charge.

Spectrum customers in Bakersfield and several other states reported internet and television disruptions Tuesday, while outage trackers cautioned that user submissions do not measure the total impact.

Gartner shares fell 17% after investors looked past a third-quarter profit beat and higher 2026 guidance to focus on slow growth and buyback-driven earnings gains.

Dynatrace shares fell 15% despite beating quarterly earnings and revenue estimates, as lower full-year profit and cash flow forecasts overshadowed stronger sales guidance and a larger buyback.

Zebra Technologies shares dropped 10% after the company reported stronger-than-expected third-quarter results, while shrinking margins, rising memory costs and cautious fourth-quarter guidance weighed on investors.

Apple says it cannot predict when supply of its $1,999 iPhone Duo will meet demand after the foldable phone sold out within hours and delivery estimates moved to late January 2027.

Lattice Semiconductor reported record third-quarter revenue, rising AI-related demand and a stronger-than-expected forecast, sending its shares higher despite the stock's elevated valuation.

Advanced Energy Industries reported record third-quarter revenue and earnings above forecasts, while projecting stronger-than-expected fourth-quarter results as AI data centre and semiconductor demand continues.

Australia's startups raised about $5.58 billion through October 2026, with AI, health tech and deep tech leading investment. Ten companies are emerging as the year's standout performers.

T-Mobile's T-Fiber service saw another surge in user-reported problems after several days of disruptions, though the scale, cause and resolution of the latest issues remained unclear.

Amazon shares rose nearly 3% after last week's post-earnings sell-off, as investors balanced rapid AWS growth against massive AI-related spending and weaker free cash flow.

Intel shares fell 28.6% after its fourth-quarter forecast missed expectations, despite strong data-centre growth, as PC weakness, supply constraints and heavy investment cloud its recovery prospects.

NextDC shares rose 3.41% as the data centre operator continued recovering from an eight-year low, despite concerns over its Melbourne power delay, financing and AI infrastructure spending.

Alphabet's latest results have intensified concerns that AI-powered search could weaken Google's advertising model, even as cloud revenue surges and the company ramps up spending.

SK Hynix and Samsung reported record quarterly profits, yet their shares fell as investors questioned whether Big Tech's huge AI investments can continue and weighed each company's risks.

SK Hynix shares fell nearly 7% as a global memory-chip sell-off overshadowed record quarterly results, with investors concerned about AI spending, valuation and future supply risks.

Alphabet shares fell 12.6% in their worst one-day decline after results raised concerns about slowing search growth, surging AI investment, negative free cash flow and broader technology-sector volatility.

Alphabet shares plunged after its third-quarter report showed slower search growth, earnings below expectations and negative free cash flow amid surging investment in AI infrastructure.

Micron shares rose nearly 5% after SK Hynix reported strong results and said demand for high-bandwidth memory used in AI processors could exceed supply through 2030.

SK Hynix reported record quarterly results, buoyed by AI data-centre demand, and announced a planned 100 trillion won shareholder-return programme for 2026.

Character.AI users reported loading, login and connection problems across several countries, as the AI chatbot company continues bankruptcy proceedings involving a proposed Disney-backed asset sale.

Vertiv shares rose nearly 13% after the data-centre equipment maker reported organic orders more than doubling and raised its full-year forecast amid accelerating AI infrastructure demand.

Yelp shares fell 40 cents to $19.06 in early Tuesday trading, extending a longer decline as investors assess advertising demand, competition and the company's product investments.

Celestica reported an 83% rise in third-quarter revenue, lifted its 2026 forecast and projected nearly $40 billion in 2027 sales as AI data centre demand accelerates.

Megaport shares rose 9.6% ahead of its quarterly update, extending a rally driven by its expansion from networking into AI-focused computing infrastructure.

SpaceX and Tesla have formed independent committees to examine a potential merger, Elon Musk said, while stressing that negotiations remain preliminary and no agreement is guaranteed.

Anthropic's IPO filing details rapid revenue growth, major computing commitments, extensive AI-related risks and a governance structure giving founders and a trust significant control.