Dow, S&P 500, Nasdaq futures edge up, gold rally roars on ahead of Fed minutes

🤖 xAI to Raise $20 Billion After Nvidia and Others Boost Round

Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter.

The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and rent them to xAI for use in its Colossus 2 project, said the people, who asked not to be identified because the information is private.

That’s the name of its largest data center site, which is located in Memphis. Yahoo Finance reports.


📊 Dell raises growth, boosted by demand for AI

Dell Technologies shares rose nearly 5% in Wall Street pre-market trading on Tuesday, following the announcement of a significant revision of its long-term targets.

During a presentation to analysts, the IT group said it now aims for annual revenue growth of between 7% and 9%, up from a previous estimate range of 3% to 4%.

Dell also anticipates at least a 15% increase in its diluted EPS for the current fiscal year, up from 8% previously. MarketScreener reports.


📱 Oracle slips after doubts about profitability of its AI-related cloud business

Oracle's stock fell nearly 4% on Tuesday after The Information published an article highlighting the low profitability of its cloud division, which is powered by Nvidia chips.

According to internal documents cited by the media outlet, this business generated only a 14% gross margin on $900m in revenue in the quarter ended in August, well below the group's average margin of 70%.

These figures cast a shadow over Oracle's business model, despite its massive investments in artificial intelligence infrastructure. MarketScreener reports.


🚙 Tesla's answer to a murky EV future: Shrinkflation

Tesla has an answer to the end of electric vehicle tax credits and slowing sales: slightly cheaper EVs.

The electric automaker unveiled lower-cost versions of its bestselling SUV and sedan on Tuesday, in an event whose teaser ginned up more excitement than the double feature. Wall Street appeared to like the announcement (+5%) more before people learned what it was (-4%).

Tesla is a (cheaper) car company again. And while more competitive prices may goose vehicle purchases, the late turn toward affordability is a curious choice when Elon Musk's company is supposed to be on the verge of a grand AI transition. Yahoo Finance reports.


🛒 Amazon to Roll Out Pharmacy Kiosks in Its Doctor Offices

Amazon is rolling out pharmacy kiosks in select offices of its One Medical doctor service to allow patients to pick up prescriptions directly after their appointment.

Each kiosk will be stocked with a curated inventory of drugs based on the prescribing patterns of the particular doctor's office. Patients will be able to pick up from kiosks when they place their order in the Amazon app.

The kiosks will be available beginning in December at select offices in the greater Los Angeles area.

The company plans to expand the kiosks to other One Medical offices as well as other locations. MarketScreener reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


BSET: Bassett Furniture Industries
Q3 2025
After Market Close
Estimate: 0.090
Actual: N/A

AZZ: AZZ
Q2 2026
After Market Close
Estimate: 1.570
Actual: N/A

RELL: Richardson Electronics
Q1 2026
After Market Close
Estimate: -0.010
Actual: N/A

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