Technology research firm Gartner projects that 80% of new cloud companies will disappear by 2030. It expects AI infrastructure spending to approach $1 trillion this year and to add $6 trillion between 2027 and 2030, while projecting cumulative AI revenue of only $3.6 trillion by 2030. Neocloud stocks including CoreWeave, Nebius Group, IREN, and Hut 8 fell sharply.

Adobe reported fiscal third-quarter 2026 revenue of $6.76 billion, up 13% year over year. Non-GAAP earnings per share rose 15% to $6.13. Annual recurring revenue reached $27.5 billion, while AI-related ARR climbed more than 150% to over $650 million. The company also raised its full-year revenue and earnings guidance.

Taiwan Semiconductor Manufacturing Company reported $46.7 billion in third-quarter revenue, with high-performance computing climbing to 68% of sales. The company said AI demand continues to exceed available semiconductor capacity, and fourth-quarter guidance implies 14% sequential growth. The N2 node already accounts for 8% of wafer revenue, while annual N2 capacity should more than double in 2027. Analysts see an improved risk-reward at current prices, with a base valuation implying roughly $440 to $483 per share.

India has stopped using sugar for ethanol production in 2026-27 to boost domestic supply and control soaring retail prices amid concerns over reduced sugar output.

© Sony Interactive EntertainmentSony Interactive Entertainment's (SIE) PlayStation 5 (PS5) exclusive 'Ghost of Yōtei' is estimated to have achieved cumulative sales of 5.4 million copies and game sales revenue of $407 million (approx.

Two of the world's largest traditional financial institutions are stepping deeper into crypto, but from opposite ends of the market.

Apples first foldable iPhone has seen a strong early response in India, with pre-orders selling out within an hour and estimated delivery dates for new orders moving to January 2027. Priced at Rs 2,99,900, the iPhone Duo has also witnessed a surge in demand in the US, where initial stock reportedly sold out in 15 minutes. Heres a look at its pricing, specifications and what the early response suggests about demand for Apples most expensive iPhone yet.