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Top stories today:
- Apple said to launch sub-$1K Mac in H1 2026
- AMD Q3 revenue +36% YoY to $9.2B, beating $8.7B estimate
- Anthropic said to project $70B in revenue by 2028
- Sequoia Capital elevates AlfredāÆLin, PatāÆGrady as steps back
- Bitcoin briefly dips below $100K for first time since Jun.
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Apple said to launch sub-$1K Mac in H1 2026 to take on Chromebooks, budget PCs
Codenamed J700, the budget Mac is reportedly designed for students, businesses, and casual users.
Will target people primarily browsing the web, working on documents, or doing light media editing.
Expected to use an iPhone processor and a lower-end LCD panel, slightly smaller than the 13.6ā MacBook Air.
Apple held ~9% of the global PC market in Q3, per IDC, ranking fourth after Lenovo, HP, and Dell.
As the seasons shift, your wardrobe should move seamlessly with you. Luca Faloniās mid-season collection is built around five versatile staples, crafted in Italy from the finest natural fabrics. Designed to layer, adapt, and elevate, these pieces bring comfort, refinement, and timeless style to every occasion.
From crisp mornings and warm afternoons to city weekends and evening gatherings, these are the essentials that form the foundation of a wardrobe that never feels out of place. Sophisticated, practical, and enduring, each piece embodies the essence of Italian craftsmanship, helping you transition with ease and elegance.
Luca Faloni - Five Core Mid-Season Icons:
Cotton PiquĆ© Shirt ā The Siena shirt combines soft natural stretch with sartorial details like a cutaway collar and mother-of-pearl buttons. Effortlessly versatile, it works just as well under a blazer as it does on its own.
Denim Shirt ā A year-round classic, crafted in premium washed denim for durability and comfort, designed to develop character and patina over time.
Cashmere-Cotton Polo ā Luxuriously lightweight and refined, this polo shirt blends breathable cotton with the softness of cashmere, perfect for both relaxed and business-casual looks.
Silk-Cashmere Crew Neck ā Finer than pure cashmere, this elevated knit is a transitional essential, equally elegant layered under tailoring or worn solo.
Suede Bomber Jacket ā Handcrafted from Italian goatskin suede with cashmere detailing, this smart-casual jacket is the ultimate statement in enduring style.
*Sponsored.
3. AMD Q3 revenue +36% YoY to $9.2B, beating $8.7B estimate, net income +61%
+22% in the data center revenue to $4.3B, vs. $4.14B estimated by analysts.
+73% in personal computer-related sales to $4B, vs. $2.6B estimated.
The AI business will generate ātens of billionsā of dollars in annual revenue by 2027, AMD CEO Lisa Su said.
AMD expected Q4 revenue at $9.6B, below some projections of up to $9.9B.
-3% in AMD shares in after-hours trading following the announcement.
