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Standard Motor Products, Inc. Q3 2026 Earnings Call Summary

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  • AI data centers have a bigger problem than water

    Host Ejaaz Ahamadeen argues that concerns about AI data centers' water use are overstated, noting that facilities now recycle the same water and that the author of an earlier viral claim later corrected herself. Citing a SemiAnalysis review, he says one or two In-N-Out restaurants use more water than Elon Musk's Colossus 2, one of the largest AI data centers. He says electricity demand is the more valid concern and points to Microsoft and, he believes, Meta pledging to cover and subsidize local electricity bills if they rise. He predicts the hyperscalers will simply pay those costs, though he says he will believe the pledges when he sees them.

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  • Sam Altman Says It's 'Fucking Annoying' His RAM Comments Were Taken Out of Context

    OpenAI CEO Sam Altman said it was 'fucking annoying' that his comments about computer memory were taken out of context after Elon Musk mocked them. Altman had said it was 'quite terrible' for the world's limited DRAM supply to sit in home computers used 5% of the time, and he said he has long argued for more memory production. He briefly renamed his X account 'Ram Altman' in response to users' jokes. The remarks come amid a global memory shortage driven by AI data center demand, with contract prices for 16GB DDR5 chips reportedly rising from $8.70 in October 2025 to $48 in September 2026, an increase of more than 550%.

    Decrypt·
  • Blockchain is ‘perfect solution’ for AI agent trust, VeChain CEO says

    VeChain co-founder and CEO Sunny Lu said AI agents could drive blockchain's next adoption cycle, since autonomous agents would need systems to verify their identities and reputations, calling blockchain 'the perfect solution'. He spoke on Cointelegraph's Chain Reaction show while promoting VeWorld.ai, an agent-building platform that uses VeChain's blockchain. In his vision, agents would carry digital 'passports' within a decentralized credibility system that tracks their reputations and those of their creators, with smart contracts settling transactions between agents or with people. Lu also argued that agent-building tools could let non-developers turn their expertise into businesses, comparing this to mobile app stores, while Animoca Brands chairman Yat Siu warned that users risk building strategies around services they do not control.

    Cointelegraph·▲ VET/USDT
  • Meta buys AI coding startup Conductor

    Meta has acquired Conductor, an AI coding startup founded in 2024, for an undisclosed sum. The platform lets software engineers run multiple AI models, including Claude Code, Codex, Cursor and OpenCode, in parallel, and CEO Charlie Holtz said the team will build new interfaces within Meta. Conductor has halted new registrations and downloads and blocked free accounts from upgrading to paid tiers, with Cloud workspaces becoming read-only on 13 November and Cloud data deleted from 20 November, while the local client runs until early 2027. The deal comes as Meta raises funds for AI infrastructure, including a $15bn five-part US dollar bond launched earlier this month.

    Yahoo Finance·▲ METAMETAmergers and acquisitionsartificial intelligence
  • Stock Market Today: Dow Rises After Postelection Rally; Cava, Dutch Bros Plunge On Earnings News (Live Coverage)

    The Dow Jones index rose on Thursday ahead of the weekly jobless claims data. Cava and Dutch Bros shares plunged after their earnings reports.

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  • Morning Minute: Democrat Sweep Pumps Crypto as Clarity Act Resurfaces

    Bitcoin dipped below $76,000 on Tuesday night, a seven-week low, then rebounded above $80,800 on Wednesday, up 4% on the day, after the Democratic midterm sweep. WTI crude fell 9% to $88 a barrel, while the Dow jumped 3% and the Nasdaq rose 1.6%. House Democrats are discussing expanding Maxine Waters' Crypto Investor and Consumer Bill of Rights into a full market structure bill next Congress, with a larger SEC role and ethics provisions restricting crypto activities by Trump and other federal officials. Bitcoin ETFs saw $74M in net inflows and ETH ETFs $53M, while Coinbase said over 99% of customer assets are held in cold storage. ZachXBT said a theft from Crédit Mutuel Arkéa now exceeds $133 million.

    Decrypt·▲ BTC/USDT▲ ETH/USDT▲ SOL/USDTcryptobitcoinregulation

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