Alphabet is pouring billions into AI infrastructure, spending $51.4 billion on capital projects in Q3 2026 — more than double the same period a year ago. The company expects that spending to keep climbing through 2027. Microsoft is also ramping up infrastructure investment, and both companies are driving demand for suppliers like Nvidia, whose revenue surged 106% year over year, and Vertiv, which saw sales grow 61%. Despite strong order pipelines, both stocks remain well below recent highs.
Anthropic's S-1 filing paints a picture of enormous capital needs. The company plans to spend roughly $518 billion on computing infrastructure over the next decade. Nvidia, Broadcom, and Taiwan Semiconductor stand to profit as hardware suppliers, while Amazon and Alphabet benefit because Anthropic runs its workloads on Amazon Web Services and Google Cloud. All five companies trade below 20 times forward earnings, making them attractive to analysts.
On the software side, Compound has rebuilt Excel, PowerPoint, and Word from the ground up so AI agents can operate them in institutional finance. The team wrote about 800,000 lines of Rust for the Excel engine alone, and the headless version recalculates 20 MB files roughly four times faster. The goal is shifting finance from copilot assistance to full autopilot. Meanwhile, a separate trend sees developers like Brandon Thomas creating AI-powered clones of Adobe software. His tool Artcraft reverse engineers Creative Cloud apps, and Photocraft offers a Photoshop-like experience — though it lacks advanced features and carries legal risk given Adobe's explicit ban on reverse engineering.
In other AI news, South Korea announced a cybersecurity overhaul after a wave of AI-driven hacking attacks targeted its financial sector, including a breach at the nation's largest bank. The government plans to deploy a new AI monitoring system and invest in cybersecurity R&D. Microsoft's AI CEO Mustafa Suleyman took to social media to warn against building conscious superintelligence, though he offered little detail on his reasoning. Separately, Copilot AI predicted Solana could reach $1,000 to $2,500 by early 2027 if a major global consortium adopts it for consumer apps and real-time payments — a scenario that would drive massive demand.
Business leaders are pushing back against the idea that AI means mass layoffs. Instead, companies are hiring skilled workers to help staff use AI safely and effectively. Bridgenext CEO Castleman calls AI early and disruptive, while O3 World cofounder Gadsby calls it the most transformative business factor ever. Both stress that human oversight remains critical. On the market front, the S&P 500 excluding AI stocks rose 8% to a new all-time high, while about 58% of S&P 500 components sit 20% below their highs and three quarters of tech stocks are in bear market territory. Global AI stocks also plunged after earnings reports, though analysts maintained that the broader AI industry trajectory remains intact.
Key Takeaways
- Alphabet spent $51.4 billion on capital projects in Q3 2026, more than double a year earlier, with spending expected to grow significantly in 2027.
- Anthropic's S-1 filing reveals plans to spend approximately $518 billion on computing infrastructure over the next decade.
- Nvidia's revenue surged 106% year over year, while Vertiv's sales grew 61%, both benefiting from AI infrastructure build-out.
- Compound rebuilt Excel, PowerPoint, and Word from scratch using Rust so AI agents can run them, with the Excel engine recalculating 20 MB files about 4x faster.
- Developer Brandon Thomas created Artcraft, an AI-powered clone of Adobe Creative Cloud apps, raising legal concerns over reverse engineering.
- South Korea announced a cybersecurity overhaul after AI-driven hacking attacks, including a breach at its largest bank, resulted in millions in theft.
- Microsoft Copilot AI predicts Solana could hit $1,000 to $2,500 by January 2027 if a major global consortium adopts it for consumer apps.
- Microsoft AI CEO Mustafa Suleyman warned against building conscious superintelligence in a November 2026 post on X.
- Business leaders say adopting AI requires hiring skilled workers rather than cutting jobs, with human oversight remaining essential.
- The S&P 500 excluding AI stocks rose 8% to a new all-time high, while 58% of S&P 500 components are down 20% from their highs.
Alphabet boosts AI spending, Nvidia and Vertiv stand to gain
Alphabet spent $51.4 billion on capital projects in Q3 2026, more than double a year earlier, and expects spending to grow significantly in 2027. Microsoft also reported heavy spending on AI infrastructure. Nvidia and Vertiv are two suppliers that could benefit from this build-out. Nvidia's revenue surged 106% year over year, while Vertiv's sales grew 61%. Both stocks trade well below their recent highs despite strong demand.
5 major stocks set to benefit from Anthropic IPO
Anthropic's S-1 filing reveals the company plans to spend around $518 billion on computing infrastructure over the next decade. Nvidia, Broadcom, and Taiwan Semiconductor stand to profit as suppliers of AI computing hardware. Amazon and Alphabet will benefit because Anthropic runs its workloads on Amazon Web Services and Google Cloud. All five companies trade for less than 20 times next year's expected earnings, making them attractive buys according to the analyst.
Compound rebuilds Excel so AI agents can run it
Compound rebuilt Excel, PowerPoint, and Word from scratch so AI agents can use them in institutional finance settings. The team used open-source Iron Calc and wrote about 800,000 lines of Rust for the Excel engine alone. Their headless engine recalculates 20 MB Excel files about 4x faster. The rebuild lets agents handle complex workbooks with millions of formulas that choke off-the-shelf models. The goal is to move finance from copilot to autopilot.
AI clones of Adobe software spark debate
Developer Brandon Thomas and his team created Artcraft, which reverse engineers Adobe Creative Cloud apps. Their Photoshop replacement, Photocraft, offers similar menus and controls but lacks advanced features and has reported bugs. Tools like REA (Decompilation Agent) allow users to deconstruct and recreate apps automatically. The trend raises legal concerns about trademarks, patents, and copyright. Adobe's terms of use explicitly ban reverse engineering of its software.
South Korea overhauls cybersecurity amid AI hacking surge
South Korea announced plans to overhaul its cybersecurity measures after a surge in AI-driven hacking attacks on the financial sector. A recent breach at the country's largest bank resulted in the theft of millions of dollars. The government plans to implement a new AI monitoring system to detect and prevent such attacks. It will also invest in research and development of new cybersecurity technologies. The plan is expected to be implemented in the coming months.
S&P 500 excluding AI stocks rises 8% as tech sector falls
The S&P 500 without AI stocks rose 8% and reached a new all-time high. About 58% of S&P 500 components are down 20% from their highs. Three quarters of tech stocks are in bear market territory. Selling pressure is focused in the tech sector. November is expected to bring more volatility.
Business leaders hire humans to implement AI systems
Business leaders say adopting AI requires hiring skilled workers rather than cutting jobs. Companies need professionals who can help staff use AI safely and efficiently. Bridgenext CEO Castleman says AI is still early and disruptive. O3 World cofounder Gadsby calls AI the most transformative business factor ever. Both leaders stress that human oversight remains essential as AI output grows.
Copilot AI predicts Solana could reach $2,500 by early 2027
Microsoft Copilot AI predicts Solana could hit $1,000 to $2,000 by January 2027, with a stretch target near $2,500. Solana currently trades near $95 as of November 1, 2026. The prediction assumes a major global consortium adopts Solana for consumer apps and real-time payments. Such adoption could drive huge demand. Current technical analysis supports some upside but not the extreme targets.
Microsoft AI chief says AI should not become conscious
Microsoft AI CEO Mustafa Suleyman warned against building conscious superintelligence. He shared this caution on the social media platform X. The statement came in November 2026. Suleyman believes AI should remain non-conscious. The article is brief and does not detail his full reasoning.
Global AI stocks plunge after earnings reports
Major global AI-related stocks plunged due to negative outlooks following earnings announcements. The drop raised concerns for domestic semiconductor stocks. Analysts said market worries could pressure share prices short term. However, they maintained that the broader AI industry trajectory remains intact.
Sources
- Alphabet Says Its AI Spending Will Keep Rising. 2 Data Center Stocks to Buy and Hold Through 2030.
- 5 Huge Winners From Anthropic's IPO
- Compound Rebuilt Excel So Agents Can Run It
- AI software clones are coming for big-name companies like Adobe
- Financial Authorities Overhaul Security Amid AI-Driven Hacking Surge
- Excluding AI, the S&P 500 rises 8% in October as tech stocks decline
- Business leaders are leaning into AI, but they can’t do it without hiring humans. Where are the profits?
- Copilot AI Predicts Solana Could Hit $2,500 if This Landmark Event Happens
- Microsoft AI chief: AI is not conscious and we should keep it that way
- Global AI stocks ‘plunge’ amid concerns over AI investment ... Could semiconductors face a ‘Black Monday’?
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