Magnificent 7 Weekly Briefing

October 30, 2026

Alphabet and Microsoft post strong AI-driven earnings, Meta seeks $95B for infrastructure, and Apple shifts to touchscreen Macs amid iPhone Duo flaws.

Alphabet reported a 25% revenue increase in Q3 2026 to $127.6 billion, though financial results were mixed compared to analyst expectations. OpenAI reportedly planned to purchase Google TPUs, while the company also partnered with Oracle to offer the AI chips on its cloud infrastructure and introduced Gemini 4 Carbon for cybersecurity. ^{123456789101112}
Microsoft posted quarterly profits of over $36.6 billion amid strong cloud demand, even as it prepared to issue at least $25 billion in new bonds and reorganize around AI agents. The company offered voluntary buyouts to approximately 27% of its global workforce, representing about 60,000 employees, to adapt to accelerated AI spending. ^{1314151617181920}
Meta launched a massive fundraising effort, targeting up to $95 billion through stock sales to finance AI infrastructure and personal superintelligence projects. Nvidia committed $3 billion to the offering as part of a deepened partnership involving AI agents, while Meta faced legal challenges including a $42 billion penalty warning and lost appeals in France. ^{212223242526272829}
Nvidia CEO Jensen Huang was reportedly the target of a potential Chinese spy plot as shipments to the country fell significantly. The US Justice Department began investigating Nvidia's $12.9 billion Hugging Face acquisition, while the company also announced its next-generation Vera Rubin chips and explored a software licensing model to charge $2,000 per GPU annually. ^{3031323334353637383940}
Apple announced a shift in strategy by introducing its first touchscreen Mac and an updated iPad mini with an OLED display and A20 Pro chip. However, the company faced reports of manufacturing flaws causing screen cracks in its new iPhone Duo and eliminated over 400 positions as CEO John Ternus pivots the company further toward AI. ^4142434445
Amazon's quarterly revenue rose to $201.9 billion, and CEO Andy Jassy noted that AWS capacity is largely sold out through 2027. Elsewhere, Elon Musk signaled that a potential Tesla-SpaceX merger would require a majority of all outstanding shares, as New Jersey legislators moved to block camera-only robotaxis from state pilots. ^{46474849505152535455}
Other notable developments include Apple and Google facing $15.5 million in fines from South Korea over app payment practices, and both Apple and Microsoft becoming subject to new Russian regulations requiring the storage and handover of user communications. ⁵⁶⁵⁷⁵⁸

Magnificent 7 Weekly Briefing

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