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The Marked Chart Wire · Business
SpaceX Tesla Merger
SpaceX and Tesla are said to be considering a merger, a move some analysts view as strategically unsound.
Part of a series: SpaceX and Tesla merger talks reportedly advance
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SpaceX Tesla Merger
The two companies are said to be formally evaluating a potential combination, with success hinging on a specific condition.
Chip Manufacturing
Nvidia agreed to pay $1.1 billion upfront to secure testing capacity at King Yuan Electronics' new Texas site. The project, which includes $79 million in real estate and $534 million in equipment, aims to begin mass production in April 2027.
Intel
Intel stock fell nearly 17% after hours as the company guided Q4 revenue to $15B-$16B, below the $17B estimate. Gross margins are expected to decline to 37% due to rising memory costs and a persistent PC market slowdown.
Rivian
Rivian reported third-quarter revenue of nearly $2.2 billion, up 38 percent, with the R2 becoming its top-selling model. The company narrowed its adjusted loss to $0.48 per share and raised full-year delivery guidance to 67,000-70,000 vehicles.
ExxonMobil
ExxonMobil intends to repurchase $20 billion of its stock in 2027. The company's CEO addressed market concerns regarding oil prices during a recent discussion.
HotQualcomm
Qualcomm stock fell 11 percent to $164.79 following a warning from Intel regarding the personal computer market. The decline raises questions about whether smartphone sales have stabilized.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.