palantir, nvidia and meta Updates

The artificial intelligence sector is currently experiencing a mix of significant deals, market skepticism, and strategic expansions. Snap recently secured a substantial $400 million deal with Perplexity, integrating its AI-powered search engine as the default option in Snapchat starting in 2026. This announcement, coupled with strong third-quarter earnings of $1.51 billion in revenue and 477 million daily active users, propelled Snap's stock up by 25 percent. Snap CEO Evan Spiegel views this as a foundational step to position Snapchat as a platform for leading AI companies. However, not all market sentiment is bullish on AI. Notorious "Big Short" investor Michael Burry's firm, Scion Asset Management, made headlines by placing a massive $1.1 billion short bet against prominent AI stocks. This included significant put contracts against Palantir, valued at $912 million, and Nvidia, at $187 million, signaling Burry's belief that the AI boom might be overvalued. This move contributed to a broader market decline, with the Nasdaq Composite falling over 2 percent and Palantir's stock dropping nearly 8 percent despite its own strong third-quarter revenue of $1.2 billion. Other tech giants like Meta also saw their shares fall amid concerns about high valuations and massive capital spending plans for AI. Meanwhile, companies deeply embedded in the AI infrastructure continue to navigate growth and challenges. Super Micro Computer's shares fell after the company missed quarterly profit and revenue goals, attributing the issues to delivery delays for complex graphics processing unit (GPU) racks. Despite these setbacks, Super Micro, a key partner for Nvidia, raised its full-year revenue forecast to at least $36 billion, underscoring persistent demand. Oracle is also anticipating its strongest growth in over two decades, projecting 16 to 18 percent revenue growth in fiscal 2025, driven by high demand for its cloud infrastructure and AI services. Oracle is expanding its AI offerings through heavy investments in data centers and partnerships with entities like Microsoft Azure and Nvidia. Chip designer Arm Holdings PLC is seeing its stock surge, with analysts predicting its focus on artificial intelligence could double annual sales in the coming years, bolstered by its vital chip architecture and partnerships with major chip makers including Nvidia. In the cryptocurrency space, Bitcoin's market outlook improved, partly due to BlackRock's upcoming iShares Bitcoin ETF and the strong performance of Chinese AI bots like QWEN3 in crypto trading, which made a 7.5 percent profit, contrasting sharply with ChatGPT's reported 57 percent loss in similar trading scenarios.

Key Takeaways

• Snap secured a $400 million deal with Perplexity to integrate its AI search engine into Snapchat, making it the default option by 2026.
• Snap's stock jumped 25 percent following the Perplexity deal and strong Q3 earnings, which reported $1.51 billion in revenue.
• Michael Burry's firm, Scion Asset Management, placed a $1.1 billion short bet against leading AI stocks, including $912 million against Palantir and $187 million against Nvidia.
• Burry's bet contributed to a worldwide market decline, with Palantir's stock falling nearly 8 percent.
• Super Micro Computer's shares dropped due to delivery delays of complex GPU racks, despite its close partnership with Nvidia and a raised full-year revenue forecast to at least $36 billion.
• Oracle expects 16 to 18 percent revenue growth in fiscal 2025, driven by high demand for its cloud infrastructure and AI services, including partnerships with Microsoft Azure and Nvidia.
• Arm Holdings' stock surged, with analysts suggesting its AI focus could double annual sales, supported by its chip architecture and partnerships with companies like Nvidia.
• Bitcoin's market outlook improved, partly due to BlackRock's upcoming ETF and the strong crypto trading performance of Chinese AI bots like QWEN3, which made a 7.5 percent profit, in contrast to ChatGPT's 57 percent loss.
• Investors are showing increased caution towards the AI market, with tech stocks like Nvidia, Meta, and Palantir experiencing sell-offs over concerns about high valuations.
• Meta's shares fell after the company announced massive capital spending plans for AI initiatives.

Snap adds Perplexity AI search to Snapchat in $400 million deal

Snap signed a $400 million deal with Perplexity to bring its AI-powered search engine to Snapchat. This new feature will become the default search option in Snapchat starting in 2026, alongside Snap's existing My AI chatbot. Snap CEO Evan Spiegel sees this as an opportunity to work with more AI partners. The announcement came with Snap's strong third-quarter earnings, showing $1.51 billion in revenue and 477 million daily active users.

Snap stock jumps 25 percent after Perplexity deal and strong earnings

Snap's stock rose 25 percent after announcing a $400 million deal with Perplexity and reporting strong earnings. Perplexity will pay Snap in cash and equity over one year to integrate its AI search engine into Snapchat. Snap's revenue reached $1.51 billion, a 10 percent increase from last year, and its monthly active users grew to 943 million. The company also started a $500 million stock buyback program.

Snap announces $400 million Perplexity deal and beats Q3 earnings

Snap announced a $400 million deal with AI company Perplexity and reported strong third-quarter results that beat Wall Street predictions. Snap's monthly active users reached 943 million, a 7 percent increase from last year. The company's revenue grew 10 percent to $1.51 billion, with $182 million in Adjusted EBITDA. CEO Evan Spiegel stated that this deal is the first step in making Snapchat a platform for leading AI companies.

Super Micro shares fall due to AI server delivery delays

Super Micro Computer's shares dropped over 9 percent after the company missed its quarterly profit and revenue goals. CEO Charles Liang explained that delivery delays for new graphics processing unit racks caused these issues due to their complex integration and testing. Despite these challenges, Super Micro raised its full-year revenue forecast to at least $36 billion. The company remains a key player in the AI server market, working closely with Nvidia.

Super Micro shares drop as AI server deliveries face delays

Super Micro Computer's shares fell 3.4 percent as the company announced delivery delays would slow its AI momentum in the first quarter. About $1.5 billion in expected revenue shifted to the current period because a major customer requested changes to GPU rack configurations. CEO Charles Liang noted the complexity of integrating and testing these new racks caused the delays. Super Micro is a key supplier for AI applications, but this highlights challenges in meeting high demand.

Bitcoin market rises with BlackRock ETF and AI trading success

Bitcoin's market outlook improved due to several positive developments. BlackRock will launch its iShares Bitcoin ETF (IBIT) on the Australian Securities Exchange in mid-November 2025, increasing global access. Chinese AI bots, like QWEN3, showed strong crypto trading performance, with QWEN3 making a 7.5 percent profit while ChatGPT lost 57 percent. Additionally, BitMine Immersion Technologies bought $294 million in Ethereum, and Chairman Tom Lee predicts Bitcoin could reach $150,000 to $200,000 by year-end.

Michael Burry bets $1.1 billion against AI stocks causing market drops

"Big Short" investor Michael Burry's firm, Scion Asset Management, placed a $1.1 billion short bet against leading AI stocks like Palantir and Nvidia. This news contributed to a worldwide market decline, with the Nasdaq Composite falling over 2 percent and Palantir losing nearly 8 percent. Palantir CEO Alex Karp expressed anger, despite his company reporting strong third-quarter revenue of $1.2 billion. This significant wager by Burry suggests a belief that the AI boom might be overvalued.

Big Short investor bets $1.1 billion against top AI stocks

The "Big Short" investor Michael Burry has placed a large $1.1 billion bet against leading artificial intelligence stocks. This significant move by the famous investor is drawing attention in financial markets. The news also mentioned that the pound dropped to a seven-month low as plans for tax hikes were discussed.

Michael Burry's firm bets against AI stocks with $1.1 billion

Michael Burry's investment firm, Scion Asset Management, is betting against the artificial intelligence sector. The firm bought "put" contracts, which allow investors to sell stock options at a set price. This includes $912 million against Palantir and $187 million against Nvidia. Burry is known for his successful $1 billion bet against the US mortgage market in 2005, which led to the 2007 financial crisis.

Michael Burry's big bet against AI stocks shakes Wall Street

"Big Short" investor Michael Burry's firm, Scion Asset Management, has made a massive bet against the AI market. The firm disclosed put-option positions worth about $912 million against Palantir and $187 million against Nvidia. These short bets make up nearly 80 percent of his portfolio, suggesting he believes the AI boom is overvalued. Burry became famous for betting against subprime mortgages before the financial crisis. This move signals a potential change in how Wall Street views the rapidly growing AI sector.

Arm stock surges as AI focus could double sales

Arm Holdings PLC stock is rising after the chip designer reported strong fiscal second-quarter earnings and a positive outlook. An analyst, Futurum CEO Daniel Newman, believes Arm's focus on artificial intelligence could double its annual sales in the coming years. Arm's chip architecture is vital for AI chip development, and its licensing model allows it to earn royalties on every chip sold. The company's partnerships with major chip makers like Nvidia and Qualcomm also strengthen its position in the AI market.

Investors rethink AI market as warning signs appear

Investors are starting to reconsider the booming artificial intelligence market due to several warning signs. A sell-off hit tech stocks like Nvidia, Meta, and Palantir, driven by concerns about high valuations. "Big Short" investor Michael Burry's firm placed large bets against AI titans, adding to market caution. Palantir's stock dropped 8 percent despite strong earnings, and Meta's shares fell after announcing massive capital spending plans for AI. These events suggest that the market's confidence in the AI sector might be cooling.

Oracle sees strongest growth in 20 years with AI and cloud

Oracle is entering its strongest growth period in over two decades, expecting 16 to 18 percent revenue growth in fiscal 2025. CEO Safra Catz attributes this to high demand for its cloud infrastructure and AI services. Oracle is investing heavily in data centers and partnering with companies like Microsoft Azure and NVIDIA to expand its AI offerings. The company's recent third-quarter earnings showed revenue up 7 percent to $13.3 billion, with cloud services revenue increasing 12 percent. Oracle aims to continue growing its infrastructure, applications, and database business to meet this demand.

Sources

• Snap Inks $400 Million Perplexity Deal to Add AI Search to Chat
• Snap shoots up 25% on $400 million deal with Perplexity, strong earnings
• Snap Reveals $400 Million Perplexity Deal And Tops Wall Street Expectations in Q3
• Super Micro shares slip as delivery delays stall AI momentum
• Super Micro shares slip as delivery delays stall AI momentum
• Bitcoin Price Prediction: BlackRock ETF Launch, AI Trading Wins, and Tom Lee’s $200K BTC Forecast Fuel Market Optimism
• Michael Burry has a $1.1 billion short bet against AI stocks and markets are plunging worldwide
• Wednesday papers: Big Short investor places $1.1bn bet against leading AI stocks
• Is the AI sector facing a bubble? One investment firm is betting on it
• "Big Short" investor's challenge signals shift in Wall Street's AI romance
• Arm earnings: AI pivot could double annual sales, analyst says
• 4 signs that investors are rethinking the red-hot AI trade
• Oracle Enters Strongest Growth Phase in Two Decades on AI and Cloud Demand