NVIDIA, AMD Shares Drop After Elections; Revenue Projections Strong

Key Takeaways

• <ul><li>NVIDIA shares fell 9.3% and AMD dropped 17.3% after midterm election results raised data center regulation fears</li><li>AMD Q3 revenue hit a record US$13.4 billion, up 45% year-over-year, with data center revenue jumping 97% to US$8.5 billion</li><li>Meta plans to spend US$130–145 billion on AI infrastructure in 2026, including a new 1 GW data center</li><li>AMD is acquiring World Labs and Taalas to expand AI capabilities, with Meta and Microsoft already using AMD Helios systems</li><li>Only 10% of global enterprises allow AI agents to make decisions without human approval, despite 84% of executives citing productivity as AI's main benefit</li><li>Fortinet raised its 2026 revenue outlook after reporting Q3 revenue of US$2,078.4 million and launched new AI-focused security tools</li><li>PDD Kit can prove Rust code correctness for every input and will be presented at Microsoft SOSP 2026</li><li>Wind farm power optimization using AI reduced imbalance costs by 82% in tests with real Belgian grid data</li><li>Boston Teachers Union opposes Alpha School's AI tutor model, citing concerns about human relationships and data privacy</li><li>NDDC is adding AI and technology training to youth empowerment programs in Nigeria's Niger Delta region</li></ul>

Fortinet raises 2026 outlook and launches new AI tools

Fortinet reported third quarter revenue of US$2,078.4 million and net income of US$635.5 million. The company raised its 2026 revenue outlook and introduced new AI focused security products. Although the stock price dropped recently, Fortinet still trades below some analyst targets. Investors are debating whether the high valuation reflects future growth or carries too much risk.

DocuSign stock trades at a premium despite AI deal

DocuSign shares are trading at a P/E ratio of about 44.7x, which is higher than the software sector average. The company has embedded its Intelligent Agreement Management products into platforms like SAP and Salesforce. Some investors believe the stock is overvalued based on current earnings multiples. Others think the integration with major platforms justifies the higher price.

Meta stock looks like a bargain after heavy AI spending

Meta Platforms trades at a P/E ratio of 20.6x, which is lower than its big tech peers. The company plans to spend between US$130 billion and US$145 billion on AI infrastructure in 2026. This includes building a new 1 GW data center and securing compute contracts. Analysts using a Fair Ratio model suggest the stock is currently undervalued despite the high spending.

AMD Q3 revenue hits record as data center sales surge

AMD reported third quarter 2026 revenue of US$13.4 billion, a 45% increase from the previous year. Data Center revenue jumped 97% to US$8.5 billion driven by strong demand for Instinct GPUs and EPYC processors. The company also announced agreements to acquire World Labs and Taalas to expand its AI capabilities. Major clients like Meta and Microsoft are using AMD Helios systems for their AI workloads.

NVIDIA and AMD stocks drop after election concerns

Shares of NVIDIA and AMD fell sharply after the U.S. mid-term election results raised fears about data center regulations. NVIDIA shares dropped 9.3% while AMD shares fell 17.3% on November 5, 2026. Despite the drop, both companies expect strong future revenue growth from their AI and data center businesses. NVIDIA projects fiscal third quarter 2027 revenues of US$108 billion, while AMD expects fourth quarter 2026 revenues of US$17 billion.

Cult.fit adopts Codex to unify operations and boost speed

Cult.fit, a fitness company with 708 centers and one million members, has chosen Codex to standardize its software operations. Santhosh Kumar, the CTO, explained that this move allows the team to create repeatable paths from specifications to pull requests using specialized agents. Non-engineering teams like HR have already built over 20 internal apps using this new system without needing engineering support. The company also uses GPT Realtime through the OpenAI API to power a voice-first AI Trainer for its members. While the tool has sped up development, questions remain about who governs these new apps and how the company handles AI decision errors.

Global study shows productivity is top AI benefit but humans still lead

A new global study reveals that 84 percent of executives view productivity improvement as the main value from artificial intelligence investments. However, only 10 percent of global enterprises allow AI agents to make decisions without human approval across different business areas. The survey included C-suite leaders from organizations with annual revenues between US$500 million and over US$20 billion. Executives are increasingly focusing on AI resilience and flexibility to ensure their systems remain robust. Regional differences were noted, with the UK and Ireland showing stronger levels of AI continuity planning and governance integration.

Midterm elections spark data center drama and AI stock drops

Recent midterm elections have caused significant drama in the data center industry, leading to a sharp decline in AI-related stocks. Experts have warned that the heavy reliance on artificial intelligence within these data centers creates serious risks for the tech sector. One anonymous expert described the situation as a ticking time bomb and a disaster waiting to happen due to over-reliance on AI. Concerns have been raised about the potential for AI to manipulate public perception and introduce bias into complex systems. Industry leaders argue that while AI is a necessary tool, it should not be the only solution used for critical data processing.

Boston teachers oppose new AI-powered Alpha School for youth

Alpha School, an AI-powered educational institution, opened in Boston in September to serve students from kindergarten through eighth grade. The school uses AI tutors for two hours a day and replaces traditional teachers with guides who motivate students. Erik Berg, president of the Boston Teachers Union, expressed strong opposition to the model, calling the idea of AI instructing children appalling. He argued that successful education relies on human relationships and that schools teach social skills that AI cannot provide. Berg also highlighted concerns about data privacy and the risk of students falling prey to large tech companies.

NDDC adds AI and technology training to youth skills programs

The Niger Delta Development Commission has announced plans to expand its youth empowerment programs to include training in artificial intelligence and technology. Managing Director Samuel Ogbuku made this announcement during a graduation ceremony in Port Harcourt for 30 fashion design graduates. The initiative aims to equip young people with relevant skills to address unemployment and create new job opportunities in the region. NDDC officials encouraged the graduates to become self-reliant entrepreneurs and build successful businesses in the fashion industry. The expansion is designed to prepare the youth for emerging opportunities while strengthening the local economy.

Affirm CEO Max Levchin says AI data center growth will continue

Affirm CEO Max Levchin says the market is wrong to fear a slowdown in AI data center construction in the US. He believes tech stocks sold off too sharply over worries that political change would halt the buildout. Levchin argues that AI data center investment will keep growing despite current market uncertainty.

PDD Kit proves Rust code is correct for every input

A new tool called PDD Kit turns plain intent into verified specifications and proves Rust code for every input. It was tested on a 5,000-line Rust app called Pet Store using GitHub Next Chopin. The tool proved a new async login_flow function and used explicit contracts for six key components. The research will be presented at Microsoft SOSP 2026.

New method cuts wind farm imbalance costs by 82%

Researchers developed a value-oriented policy distillation framework using explainable boosting machines to control wind farm power. The method helps wind farms adjust power setpoints to reduce imbalance costs from forecast errors. Tests using real Belgian grid data and an offshore wind farm showed an 82% reduction in imbalance costs. The approach also outperformed price threshold controllers and decision tree baselines.

Sources

• Fortinet (FTNT) On Raised 2026 Outlook And New AI Products Looks Fully Valued
• DocuSign (DOCU) Stock May Be Trading At A Premium As AI Deal Closes
• Meta (META) Stock May Be A Bargain After Huge AI Fundraising
• AMD's $13.4 Billion Q3 Revenue Highlights AI Momentum As Data Center Sales Surge 97%
• NVIDIA and AMD Sell-Off: Which AI Stock Is the Better Buy on the Dip?
• Cult.fit bet its operations on Codex
• Productivity improvement top benefit of AI, security a defining factor, global study finds
• Midterms fuel data center drama and send AI stocks plunging
• AI-powered youth education has come to Boston. Teachers aren't happy.
• NDDC to Expand Youth Skills Training to AI, Technology
• We're not 'hitting the handbrake' on AI data centers: Affirm CEO Max Levchin
• Verification now proves agent Rust is correct for every input
• Value-oriented policy distillation for interpretable wind farm power control