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Apple unveiled its first touchscreen MacBook Pro models at an event in Los Angeles. They still run macOS, and CNBC found touch fully optional, since the trackpad and keyboard remain the main inputs and the interface looks largely unchanged apart from tweaks such as an enlarged red window button. Apple says its software converts each touch into a standard click, and that third-party developers such as Microsoft and Adobe will enlarge their touch targets. The Apple logo on the lid lights up, the first Apple laptop to do so since the 2017 MacBook Air. Prices start at $2,899 for the 14-inch model and at least $3,399 for the larger one.
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Nvidia shares slipped 1% on Wednesday after reports that the U.S. Department of Justice asked how its planned acquisition of Hugging Face could affect AI competition, including whether Nvidia could control a key distribution point for AI models and tools. The questions add to a years-long antitrust probe of Nvidia that began under former President Joe Biden and reportedly covers its acquisitions, investments, sales practices and whether it has pressured customers, with past deals such as SchedMD, Groq's licensing deal and Run.ai also examined. Nvidia announced in early September that it agreed to buy Hugging Face for about $12.93 billion, including roughly $11.9 billion payable to investors and an equity-based retention program of up to about $1 billion for employees. Jensen Huang has pledged that the platform will remain open to models, frameworks, clouds and computing platforms across the industry, and that Nvidia's chips will not be required to use it. The deal is expected to close in the first half of 2027.
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GOOGL shares dropped about 11% after hours as third-quarter profit was squeezed by heavy AI infrastructure spending and an $8.7 billion loss on its equity investment portfolio. Consolidated revenue rose 25% to $127.58 billion, while net income available to common stockholders fell to $26.17 billion, or $2.12 per share, below the $2.99 per share Wall Street expected. Google Cloud revenue rose 103% to $30.71 billion and its operating income reached $11.12 billion, which management linked to enterprise AI demand and sales of its TPU hardware. Free cash flow was negative $9.1 billion, the second consecutive negative quarter, and analysts polled by Fiscal.ai expect it to stay negative until the quarter ending September 2027. Alphabet also issued $28.7 billion of senior unsecured debt and raised $12.4 billion through its at-the-market share issuance program.
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