November has been another "tech wreck" month for the markets. At the time of this article, the S&P 500 is down about 2% since Nov.1.

Amazon.com Inc. (NASDAQ: AMZN) has been one of the stock market's biggest success stories ever.

Nvidia's Blackwell GPU sales are “off the charts” according to CEO Jensen Huang, but analysts see fast growth for custom AI chips, known as ASICs. These smaller, cheaper, more narrowly focused AI chips are being designed in-house by Google, Amazon, Meta, Microsoft and OpenAI

Amazon stock was one of Druckenmiller's largest purchases last quarter. The company is now benefiting from accelerating AWS growth.

Amazon's mass layoffs announced last month hit engineers the hardest, according to state filings. Nearly 40% of the roughly 4,700 positions eliminated across Washington, New York, New Jersey and California were engineering jobs.

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Proponents think space-based data centers would power AI cheaply. But achieving that vision would be complex, and widespread usage is easily a decade away.

The latest quarter showed a 19% QoQ increase in Big Tech spending, confirming continued conviction in the build-out of AI infrastructure. Capital spending for the AI buildout has risen 44.6% from initial estimates, a substantial jump considering the scale already measured in hundreds of billions. Since the beginning of the year, Big Tech Capex estimates have increased from $280 billion to $405 billion, an impressive 31% positive revision.

Walmart (WMT) reported impressive Q3 results, surpassing expectations with a 5.8% year-over-year revenue increase to $179.5 billion. The company raised its FY26