Magnificent 7 Weekly Briefing
Nvidia authorized a $150B buyback, Tesla secured credit lines, and Apple faced a record patent verdict as firms ramped up enterprise AI tools.
- Nvidia authorized a record $150 billion increase to its share repurchase program, bringing its total board-authorized buyback amount to $235 billion through fiscal year 2028. 12345
- Tesla secured $30 billion in new credit lines for scaling Cybercab and Optimus projects, though it reported negative cash flow and faced new safety investigations into its automated driving systems. 6789
- Alphabet's Google won the dismissal of an antitrust lawsuit from online publishers but faced scrutiny over internal researcher concerns regarding the potential emotional risks of AI for children. 10111213
- Meta launched its Enterprise Platform and hired MongoDB CEO CJ Desai to lead the new unit, aiming to attract small-business customers with AI agents like Muse. 14151617
- Apple was hit with a record-setting $5.7 billion patent infringement verdict regarding vibration technology as the company initiated a development overhaul led by John Ternus. 181920
- Amazon raised its 2026 capital expenditure guidance to $220 billion and confirmed drone strikes on AWS data centers, while Microsoft shifted its Copilot strategy to focus on enterprise automation. 21222324
- Other notable developments include reports of Nvidia chips reaching Chinese firms despite export controls, Huawei's AI accelerators gaining market share in China, and Nvidia investing $10 billion in OpenAI. 2526272829
Sources
- Stock Market Today, Sept. 30: Nvidia Authorizes $150B Buyback, Lifting Total to $235B
- Nvidia’s $150 billion buyback: Why Jensen Huang is returning cash to shareholders
- Nvidia adds $150 billion to existing share repurchase plan
- NVIDIA authorizes $150 billion share repurchase increase
- Nvidia Just Smashed Stock-Buyback Record
- Tesla is becoming unprofitable again: Exploding investments, shrinking profits
- Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus
- Safety group urges EU to reject Tesla FSD over speed offset
- Top auto regulator opens special probe after a Tesla slams into a Texas home, killing a 76-year-old
- Google Beats Online Publishers' AI Overviews Antitrust Suit - Law360
- Judge Acknowledges Publisher Harm But Dismisses Google Antitrust Claims
- Docs and sources: Google researchers worried about AI risks to children, including potential cognitive and emotional harm, as the company pushed AI into schools
- Google Ad Tech MDL Teed Up For Trial Largely Intact - Law360
- Meta Hires MongoDB's CEO As Its AI Push Takes Aim At HubSpot's Customers
- Meta launches Enterprise Platform for businesses using AI tools
- Meta’s AI ambitions put BlackRock’s prediction under spotlight
- Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater
- Apple's Ternus eyes engineering-led overhaul, Bloomberg News reports
- Apple Briefs Set Stage For Challenge To Record $5.7B Verdict - Law360
- Burford Eyes $1.4B Of $5.7B Patent Trial Verdict Against Apple - Law360
- Amazon.com (AMZN) Confirmed Iranian Drone Strikes Hit AWS Data Centers
- Amazon Raised Its 2026 Capex Guide to $220 Billion. Here's What Drove the Increase
- Microsoft merges Copilot to focus on businesses
- Microsoft announces major Copilot update
- Experts say mounting cases of Nvidia chips reaching Chinese AI companies despite US export controls are increasingly pointing to gaps in Nvidia's due diligence
- Exclusive: Nvidia, SoftBank Make Final $20 Billion Investment in OpenAI's Last Round
- Ascend now ahead of Nvidia in China, with domestic supply driving AI chip substitution, says Huawei chairman
- China financing chain linked to Nvidia Blackwell chips, 32 Asus servers exposed
- China asks firms for NVIDIA RTX PRO 5500 purchase plans