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Revolut is now officially worth $115B. The fintech confirmed the valuation today. Revolut serves over 80M retail customers and posted $2.3B in pre-tax profit last year.
The climb in just over two years:
1️⃣ August 2024: $45B
2️⃣ November 2025: $75B
3️⃣ November 2026: $ 115B.
EV stripes: Norway: 98.8% of new cars sold in September were fully electric. Denmark: 88.6%. China is at 47.3%. Germany is at 34.7%. The US is at 6.8%.
Source: Jan Rosenow (LinkedIn)
AMD stock rises after Q3 earnings beat, as data center revenue climbs 97%
Excerpt from AMD stock rises after Q3 earnings beat, published by Yahoo Finance
AMD (AMD) reported its third-quarter results after the bell on Tuesday, beating expectations on the top and bottom lines, as the company's data center revenue grew 97%. AMD stock climbed more than 7% during premarket hours on Wednesday.
For the quarter, AMD saw earnings per share (EPS) of $2.09 on revenue of $13.38 billion. Analysts were projecting EPS of $1.97 on revenue of $13.08 billion, according to Bloomberg consensus estimates. The company saw EPS and revenue of $1.20 and $9.2 billion, respectively, in the same period last year.
AMD's Data Center arm generated sales of $8.5 billion, ahead of estimates of $8.19 billion. It reported revenue of $4.34 billion in the same period last year. AMD's Client business revenue, which includes PC sales, hit $2.9 billion. Wall Street was looking for $3.06 billion.
The chipmaker's gaming business sales, however, came in at $773 million, down 40% year over year. Analysts were estimating revenue of $655 million.
Trump lost, but Wall Street is already positioned bearish. If investors were positioned for a Democratic sweep, how much selling is left?
Source: Charles-Henry Monchau (LinkedIn), citing Bluekurtic (X)
Musk says ‘data centres in space looking appealing’ after Texas defeat - Musk spent at least $212m supporting Republican Ken Paxton
US billionaire Elon Musk has broken his silence on the election results in Texas, writing on X that “data centres in space looking pretty appealing right now”. “Guess my election-interfering space lasers didn’t work this time,” he added.
Hyperscaler Capex Surges to $235B as Microsoft Remains the Sole Free Cash Flow Outlier
The 5 hyperscalers spent close to $235bn on capex in a single quarter, roughly 6x their 2023 run rate, and the cash flow charts now show the bill: Amazon’s trailing free cash flow is minus $42.4bn against plus $14.8bn a year ago, while Alphabet and Meta both printed negative quarters.
Microsoft is the green column everyone points to, with $18.6bn of free cash flow last quarter, but the comparison is not like-for-like, since it subtracts $39.4bn of cash capex while total spend including finance leases was $45.2bn, and its filings show roughly $329bn of data center leases signed but not yet started, capacity that partners are building and financing on their own balance sheets.
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Trading: TTF Natural Gas Hits 103, Gaining Nearly 5% on Tight Supply
The European gas benchmark extends its rally into critical pre-winter delivery periods as structural storage deficits materialize.
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