#AI

Despite substantial AI investment, AI stocks are struggling, causing investor unease. Microsoft and Nvidia are investing $15B in Anthropic, highlighting symbiotic relationships in the AI sector. Google launched Gemini 3, emphasizing enhanced reasoning. However, Nvidia, Amazon and Microsoft experienced declines, impacting the S&P 500. Nvidia’s upcoming earnings are crucial. Other news includes Anthropic’s funding by Microsoft and Nvidia, Google’s Gemini 3 launch, U.S. senators calling for crypto firm investigation and Goldman Sachs projecting strong growth for ASML that dominates key segment of AI supply chain.

Despite a broader equities sell-off, investor sentiment towards AI remains resilient. European and Asian markets have experienced losses, mirroring U.S. trends, pressuring AI stock valuations. Nvidia’s upcoming earnings report is crucial for gauging the AI market’s health. Analysts suggest this pullback is sector-specific, presenting potential buying opportunities and portfolio rebalancing chances. Experts emphasize that AI’s growth is still in its early stages, fueled by nascent credit market involvement, but also caution investors to ensure compensation for risk.

Intuit has partnered with OpenAI in a multi-year deal exceeding $100 million to integrate OpenAI’s LLMs into its financial products like TurboTax and QuickBooks. This integration, powered by Intuit’s AI system GenOS, aims to enhance user experience with personalized insights and automated tasks. Users will be able to securely link their accounts to ChatGPT for tax and financial actions, like receiving refund estimations. This deal validates OpenAI’s valuation and signifies the growing importance of AI in the finance sector. Intuit emphasizes data security within its ecosystem.

Intuit has partnered with OpenAI in a multi-year deal exceeding $100 million to integrate AI into its financial products like TurboTax and QuickBooks. The goal is to enhance user experience with personalized AI agents powered by OpenAI’s LLMs within Intuit’s GenOS. Users can securely connect their accounts to ChatGPT for tax-related and financial actions. Intuit emphasizes data privacy, keeping user information encrypted. This move aims to improve product development, marketing, and financial literacy, solidifying Intuit’s position in the AI-powered financial solutions market.

Microsoft is diversifying its AI strategy by investing $5 billion in Anthropic, alongside Nvidia’s $10 billion stake. Anthropic commits $30 billion to Microsoft’s Azure compute and secures contracts for up to one gigawatt of compute capacity. Nvidia and Anthropic will collaborate on AI model and hardware optimization. This move follows Microsoft’s substantial investment in OpenAI, signaling a potential shift to broader AI partnerships. Nvidia’s CEO Jensen Huang praised Anthropic’s work.

Nvidia is expanding its NVLink Fusion technology to seamlessly integrate with Arm-based Neoverse CPUs, enabling custom infrastructure solutions for hyperscalers. This move allows tighter integration between Arm CPUs and Nvidia GPUs, crucial for AI workloads requiring high-speed data transfer. Companies like Microsoft, Amazon, and Google are increasingly using Arm CPUs in their cloud infrastructure. This partnership highlights the increasing importance of Arm technology in AI server infrastructure and signifies Nvidia’s commitment to open innovation and diverse partnerships.

The Nasdaq fell 0.84% due to tech stock declines, including Apple, Meta, and Oracle. Investors are wary of tech valuations and capital expenditure, particularly for Nvidia, despite strong future order claims. Analysts are closely watching Nvidia’s upcoming earnings call. While some see potential for a year-end rally driven by rate adjustments and macro data, Bitcoin’s weakness is a concern. Other news includes India’s energy deal with the US and Fed officials’ divided views on interest rate cuts.

With tech giants investing heavily in AI data centers, depreciation of AI GPUs is a crucial accounting concern. Unlike traditional servers, the lifespan of these rapidly evolving components is uncertain, impacting profitability and investment decisions. While some, like CoreWeave, see long-term value, short seller Michael Burry suggests companies may be inflating useful life for earnings. Factors like new chip releases and wear-and-tear could accelerate depreciation. Companies are adopting varied strategies, and auditors are scrutinizing depreciation claims closely.

IQSTEL (IQST) reported record Q3 2025 revenue of $102.8M, a 90% YoY increase. Nine-month revenue reached $232.6M (+26% YoY). Strategic moves include acquiring 51% of Globetopper and launching AI call center services. While reaffirming 2025 revenue guidance of $340M, the adjusted EBITDA was $683,189. Concerns remain regarding the gap between revenue and EBITDA run rates. The Company forecasts $430M organic revenue for 2026. IQST’s expansion and AI investments demonstrate robust growth, but profitability challenges warrant attention.

Yesterday’s market saw a broad decline, with the Nasdaq, Dow, S&P 500, and Russell 2000 all experiencing significant losses amid AI rally fatigue. Disney’s weak revenue and doubts about Oracle’s AI prospects contributed. Expectations for a Fed rate cut diminished. Consumer spending shows mixed signals, while housing faces potential distress. Labor disputes see Boeing workers ratifying a contract, and Starbucks baristas striking. Delivering Alpha insights revealed optimism about AI and concern about the IPO market.