Magnificent 7 Weekly Briefing

November 6, 2026

Apple and Microsoft report higher revenue; Amazon faces ad-price allegations; Nvidia chips await China approval

• Apple’s fourth-quarter revenue rose 12% to $114.5 billion, but its shares fell 3% amid memory-cost concerns. Microsoft beat fiscal first-quarter estimates with $92.28 billion in revenue, while Amazon’s third-quarter earnings missed estimates despite 39.3% AWS growth. ¹²³⁴⁵⁶
• Amazon secured a loan facility of up to $80 billion for technology infrastructure and AI data centers, while Meta sought at least $20 billion in bonds amid skepticism over AI spending. S&P cut Meta’s outlook to negative, citing its capital outlays. ⁷⁸⁹
• The US Federal Trade Commission and 22 states accused Amazon of secretly raising advertising prices by as much as 250% above auction levels during major shopping events. ¹⁰
• About 600,000 Nvidia AI chips awaited Chinese import approval in Hong Kong, while Alibaba, Tencent and ByteDance expected only tens of thousands of 6 million chips ordered within four months. Nvidia also told cloud clients to scale back exposure to Chinese companies. ¹¹¹²¹³
• Google is building its first Wyoming data center with $17 billion and plans to invest $15 billion in Malaysia in 2027 and 2028. ¹⁴¹⁵
• Microsoft’s AI buildout faced delays and high costs: partner projects by IREN and Nebius risked missing deadlines over power and permitting issues, and Microsoft leaders reportedly regretted neocloud deals. The company had cut its capital-spending forecast. ¹⁶¹⁷
• Elsewhere, Google faced a lawsuit alleging its AI tools contributed to a teen’s mental health crisis; Republican lawmakers sought a briefing from Nvidia CEO Jensen Huang over Chinese spying concerns; Google cut ties with Videostrong over an Android botnet; hackers bypassed Apple’s Lockdown Mode; Microsoft priced $25 billion in notes. ^1819202122

Sources

1. The Information · November 2 Apple reports slowing sales growth in fourth quarter
2. Apple · Announcement · November 2 Apple reports record fourth quarter revenue of $114.5 billion
3. MarketWatch · November 2 Apple's stock is down 3% as the earnings call wraps up
4. Yahoo Finance · November 1 Microsoft Delivered a Beat on Both Earnings and Revenue. Here's How to Think About MSFT Stock Now.
5. Amazon · Announcement · October 30 Amazon's AWS grows 39.3% year over year in Q3
6. Yahoo Finance · November 2 Amazon's latest report left stock investors with one big question
7. The Information · October 30 Amazon Secures Up to $80 Billion Loan Facility for Tech Infrastructure
8. Bloomberg · November 2 Meta seeks at least $20 billion from bond offerings
9. Fortune · November 2 S&P cuts Meta's outlook to negative on AI spending
10. AffärsVärlden · November 6 Amazon accused of manipulating ad prices
11. Reuters · November 5 Nvidia chips pile up in Hong Kong as China withholds import approval
12. Bloomberg · November 4 Nvidia's Chinese clients to receive 1% of chip orders
13. Bloomberg · November 3 Nvidia Tells Data Center Clients to Trim China Business
14. Google · Announcement · November 5 Google builds first Wyoming data center with $17 billion
15. Reuters · November 4 Google to invest $15 billion in Malaysia in 2027 and 2028
16. Bloomberg · November 5 Microsoft sours on neoclouds amid delays and costs
17. Business Insider · November 4 Satellite images reveal delays in Microsoft AI buildout
18. Bloomberg · November 5 Google AI in School Triggered Teen's Mental Health Crisis, Lawsuit Says
19. Financial Times · November 6 US lawmakers summon Jensen Huang over Chinese spying concerns
20. The Verge · November 2 Google cuts ties with manufacturer over Android botnet
21. Yahoo Tech · November 4 Apple’s Lockdown Mode Was Supposed to Protect iPhones. Hackers Found a Way Around It.
22. Microsoft · Announcement · October 30 Microsoft prices $25 billion in senior unsecured notes