Vancouver – October 29, 2026 -- Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure to build AI compute capacity for Anthropic using Broadcom technology, with deliveries expected from calendar 2027.
A special purpose vehicle will buy Broadcom XPU AI accelerators and networking solutions and lease them to Anthropic. Broadcom will provide residual value support equal to the first lien portion of the financing. CEO Hock Tan said the deal validates that "there is capital available to finance such growth."
Meta books a $9.89 billion charge as Q3 revenue climbs 26% to $64.60 billion
Meta Platforms posted net income of $9.86 billion, up 264%, and diluted EPS of $3.83, up 265%. The quarter included a $9.89 billion charge tied to an agreement with 52 attorneys general on teen mental health and social media litigation. The agreement carries payments of up to approximately $18.59 billion.
Excluding the charge, income from operations would have been $22.88 billion and diluted EPS $7.40. Meta guided fourth-quarter revenue to $73 billion-$76 billion and narrowed 2026 capital expenditure guidance to $135 billion-$145 billion.
Texas Instruments lifts operating profit 73% to $2.87 billion on 28% revenue growth
Third-quarter revenue reached $6.06 billion, up 11% sequentially. Net income was $2.43 billion and EPS $2.62. CEO Haviv Ilan cited broad growth in industrial, automotive and data center.
Trailing 12-month cash flow from operations hit $9.9 billion and free cash flow $8.4 billion, with $5.8 billion returned to owners. TI guided fourth-quarter revenue to $5.80 billion-$6.30 billion and EPS to $2.45-$2.79.
IBM grows Q3 revenue 5% to $17.1 billion, with Software up 8%
Infrastructure revenue rose 4%. Net income was $2.2 billion and diluted EPS $2.31, up 26% year over year. IBM generated $4.0 billion in net cash from operating activities and returned $1.6 billion in dividends. The company now expects full-year free cash flow to increase by more than $1 billion.
Lockheed Martin wins $694 million Air Force contract for hypersonic ARRW production
The Air-Launched Rapid Response Weapon is integrated on the B-52 and travels at speeds above Mach 5. Lockheed Martin also broke ground on a 47,000-square-foot Building P-20 expansion in Troy, Alabama. The expansion will triple the facility's current capacity and add jobs over four years. The company already employs almost 4,000 people in the state.
S&P 500 gains 1.51% over three sessions as the 10-year yield reaches 5.03%
The S&P 500 closed at 7,739.13, up 0.21% on the day and 13.05% year to date. The Nasdaq Composite slipped 0.03% to 26,468.60 but gained 1.98% for the week. The Dow rose 0.30%, or 158.72 points, to 52,536.29, a weekly gain of 0.62%.
The VIX eased 1.08 points for the week to 17.31. The VXN fell 3.51 points to 24.79, down from a weekly high of 28.30. The 10-year Treasury yield rose 4 basis points on the day and the week to 5.03%.
WTI crude jumped 3.47% on the day to $103.37 a barrel. Natural gas surged 13.87% on the day and 18.02% for the week, while gold slipped 0.59% to $4,050.70 an ounce.