AI chips

Oracle has cancelled the $7 billion Oracle Tencent chip deal to lease AI chips to Tencent, after US officials raised concerns, the FT reported.

Arm Holdings forecast third-quarter revenue of $1.54 billion, only slightly above estimates, and shares fell as investors wanted a bigger payoff from AI.

AMD earnings beat estimates on Tuesday as data center revenue jumped 97% to $8.55 billion, and the chipmaker forecast 2027 revenue growth above 80%.

Samsung Electronics posted third quarter operating profit of 107.44 trillion won on revenue of 195.25 trillion won, a fourth straight quarterly record.

Anthropic is offering Blackstone a yield above 10% on $9 billion in junior debt to finance its AI chip deal, the FT reports, in a wider funding push.