News Flash, Friday, November 6, 2026

Transcript

This is the OpenSight News Flash for Friday, November 6, 2026. This episode is read by an AI voice.

US stocks have their worst day since April 2025 as an AI chip selloff hits the Nasdaq. US stocks had their worst day since April 2025 on Thursday. The Nasdaq Composite fell five and a half percent and is now in a correction, more than ten percent below its October record. The S&P 500 lost more than four percent and the Dow fell about 1,800 points. Investors sold chip and AI infrastructure stocks on fears that the new Democratic majority will slow the building of data centres. The semiconductor sector had its worst day since March 2020. That report is from CNBC.

Qualcomm handset chip sales fall by a quarter as the company bets on cars and data centres. Qualcomm's revenue from phone chips fell 26 percent to about five billion dollars in the quarter to September. The company blamed the end of its Apple modem business and pressure from memory prices on phone makers. Total quarterly revenue was about ten billion dollars, down eight percent from a year earlier. Its shares fell about nine percent on Thursday, in a day when all chip stocks were sold. Other parts of the business grew. That report is from Qualcomm.

OpenAI says its AI agents built working root exploits for 948 Linux kernel bugs. OpenAI says an unreleased AI model for cyber security built working root exploits for 948 different Linux kernel bugs. It did so in a single automated run in October that cost a little over one million dollars in compute. That is roughly 1,300 dollars per exploit. The company says the agents also found at least ten new attack techniques. The pipeline first flagged about 2,300 possible bugs and confirmed about 1,700 of them. Security staff review every exploit and proposed patch before it goes to the kernel maintainers. That report is from OpenAI.

Microsoft passes on an option to more than double its Texas AI capacity deal with Nscale. Microsoft will not take up an option to more than double its rented AI computing capacity at an Nscale data centre in Texas. That is according to a person familiar with the matter, first reported by the Financial Times. The option covered a second phase of about 700 megawatts from late 2027. It would have been worth tens of billions of dollars to Nscale. The existing Texas contract of about 230 megawatts of Nvidia systems is not affected. That report is from Reuters.

The Bank of England raises its key rate to four percent and warns more may follow. The Bank of England raised its key interest rate by a quarter point to four percent. It is the first increase since 2023. Eight of the nine members of the Monetary Policy Committee voted for the move, and Catherine Mann wanted a larger rise of half a point. The Bank said rising energy prices from the Middle East conflict are pushing inflation up again. UK consumer price inflation was three and a half percent in September. That report is from Bank of England.

Every item, with its sources, is on opensight.ch/news. Thank you for listening.