AMD says its data center revenue will jump 60% over the next 3 to 5 years

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AMD says it expects to see its data center revenue increase 60% over the next three to five years, up from $16 billion in 2025, as the company pushes deeper into the AI space and works to steal share from rival Nvidia.

AMD stock rose 5% before the bell on Wednesday following the news.

The outlook comes after AMD CEO Lisa Su said the company sees the total addressable market for AI data centers increasing to $1 trillion over the next five years during AMD's Financial Analyst Day in New York Tuesday.

That number includes everything from GPUs and CPUs to networking equipment. According to AMD CFO Jean Hu, the company’s overall revenue will jump 35% over the next five years from $34 billion in 2025. The majority of that revenue will come from AMD’s data center business.

Hu projects AMD’s gross margins will be between 55% and 58% over the next three to five years, while operating margins will be more than 35% during the period. Yahoo Finance reports.

📊 Dow, S&P 500, Nasdaq futures rise as key shutdown vote looms in House

US stock futures rose on Wednesday as Wall Street digested a rotation out of Big Tech into more defensive corners of the market and awaited a key House vote that could end the longest government shutdown in US history.

Dow Jones Industrial Average futures moved up roughly 0.2% on the heels of the blue-chip benchmark's record-high close in a split session for stocks.

S&P 500 futures added 0.4%, while contracts on the tech-heavy Nasdaq 100 popped 0.7%. Yahoo Finance reports.


🤖 Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand

Foxconn, the world’s largest contract electronics maker, said Wednesday that its third-quarter profit jumped 17% from a year earlier, driven by growth in its artificial intelligence server business.

Here’s how Foxconn did in the September quarter compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:

• Revenue: $2.06 trillion New Taiwan dollars ($66.29 billion) vs. NT$2.06 trillion expected
• Net profit: NT$57.67 billion vs. NT$50.41 billion

CNBC reports.


📉 SoftBank shares plunge as much as 10% after selling Nvidia stake

Shares of SoftBank Group plunged as much as 10% Wednesday after the Japanese giant said it had sold its entire stake in U.S. chip giant Nvidia for $5.83 billion. The capital will be used to fund SoftBank’s $22.5 billion investment in ChatGPT parent OpenAI, a person familiar with the matter told CNBC.

Shares of SoftBank Group last traded more than 6% lower. In its earnings report, SoftBank said it sold 32.1 million Nvidia shares in October. It also trimmed its T-Mobile position, raising $9.17 billion.

“We want to provide a lot of investment opportunities for investors, while we can still maintain financial strength,” said SoftBank’s chief financial officer, Yoshimitsu Goto, during an investor presentation. CNBC reports.


⚡ Polestar reports 49% revenue growth in the first nine months of 2025

• Higher volumes and attractive model line-up support growing revenues
• Continuing reduction of materials costs and fixed costs
• Achieved target of three-digit million-dollar carbon credits sales ahead of plan at USD 123 million for the first nine months of 2025
• External headwinds continue to impact profitability

MorningStar reports.


🛍️ Ralph Lauren back in favor

After fifteen years of stagnation on the stock market, its valuation has exploded since 2023, literally tripling in the space of thirty-six months.

This momentum continued in the first half of the year, with sales growing by 15%.

At constant exchange rates, however, Ralph Lauren said it expects growth to slow to almost three times less for the full year 2026, due to the depreciation of the dollar.

Nevertheless, the recent commercial performance of the group led by Frenchman Patrice Louvet commands respect, especially in a sector that has been hit hard by tariffs and sudden changes in public taste.

But the king of American vintage is playing a tune that is very much in tune with the times.

The younger generation is returning to the classics, and Ralph Lauren is winning them over with its distinctive touch, both in its collections and on social media. MarketScreener reports.


🖥️ IBM sees a big milestone ahead for quantum computing - and it hinges on these new chips

IBM announced new processors that it said will help it build a 'fault-tolerant quantum computer' by the end of the decade IBM's quantum lab in Albany, N.Y.

International Business Machines unveiled its plan to build "the world's first large-scale, fault-tolerant quantum computer" in June, and on Wednesday, the company shared more on how it plans to reach that goal by the end of the decade.

The company (IBM) announced an "experimental processor" called Loon, which it said is its first to demonstrate "all the key processor components needed for fault-tolerant quantum computing," or the point when quantum computers can reliably carry out accurate calculations despite errors in their environment. MorningStar reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) FGI: FGI Industries
Total gain: +12.99%

2) BILL: BILL Holdings
Total gain: +11.98%

3) LIF: Life360
Total gain: +11.1%

4) ONON: On Holding
Total gain: +10.85%

5) HNST: Honest Co
Total gain: +9.92%

The closing price of the top three market percent gainers trading near or above $3 on November 11.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) RDGT: Ridgetech, Inc.
Total gain: +73.81%
The stock appeared to be moving on no notable news.

2) SRDX: Surmodics, Inc.
Total gain: +49.69%
The company announced that the United States District Court for the Northern District of Illinois (the “District Court”) has denied a request by the U.S. Federal Trade Commission (the “FTC”) and certain state regulators to issue a preliminary injunction that would have prevented the Company and GTCR LLC (“GTCR”) from consummating the proposed acquisition of the Company by an affiliate of GTCR (the “Merger”). Businesswire reports.

3) ENGN: enGene Holdings Inc.
Total gain: +46.76%
The company announced that it will host a conference call and webcast tomorrow, November 11, 2025, at 8:00 a.m. ET to discuss new preliminary data from its pivotal cohort in the ongoing LEGEND trial of its novel, non-viral gene therapy candidate, detalimogene voraplasmid (also known as detalimogene, and previously EG-70) for patients with high-risk, Bacillus Calmette-Guérin (BCG)-unresponsive non-muscle invasive bladder cancer with carcinoma in situ. Businesswire reports.