US Stocks AI Daily on Oct 29, 2026: FuriosaAI Closes a $620 Million Series D

The AI supply chain filled all six layers on October 28, and only one of the eight items carried a third-party price. Seoul-based FuriosaAI closed a $620 million Series D at a $2.9 billion post-money valuation, while on the same day Microsoft (Ticker: MSFT) and Alphabet (Ticker: GOOGL) together put $90.77 billion into their own capital spending for the quarter. Read side by side, those two figures describe the day: the money barely passed through a deal market and turned straight into data center floor.

 

 

Launch | Completed | Microsoft FY27 Q1 release 2026/10/28

Microsoft (Ticker: MSFT) added $39.37 billion of property and equipment in the quarter, Azure revenue grew 48%, and Microsoft Cloud revenue was $63.9 billion, up 30%.

 

Launch | Completed | Fortune (Alphabet Q3 results) 2026/10/28

Alphabet (Ticker: GOOGL) spent $51.4 billion on capital projects, more than double the $24 billion a year earlier, with Google Cloud revenue of $30.7 billion and free cash flow of negative $9.1 billion.

 

Funding | Completed | FuriosaAI release and Bloomberg 2026/10/28

Korea's National Growth Fund put in $280 million on its own, and the RNGD inference chip is built by TSMC (Ticker: TSM) at 20,000 units this year and more than 40,000 in 2027, with a third-generation accelerator in development with Broadcom (Ticker: AVGO).

 

Contract | Media report, unconfirmed | Reuters (citing The Information) 2026/10/28

The report says OpenAI would add Google TPUs alongside Nvidia (Ticker: NVDA), but no volume, price or timing was disclosed and neither OpenAI nor Google has confirmed it.

 

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Launch | Completed | FormFactor release (GlobeNewswire) 2026/10/28

FormFactor (Ticker: FORM) grew systems revenue more than 20% sequentially on what it calls co-packaged optics demand, and guided fourth-quarter revenue to $285 million plus or minus $10 million.

 

Launch | Media report, unconfirmed | Reuters and TrendForce 2026/10/28

August reports said CXMT had already begun small-scale HBM3E output while this one gives a timeline two months out, so the two accounts do not line up; Alibaba's (Ticker: BABA) T-Head and Cambricon are testing samples, and CXMT is unlisted and has not commented.

 

Launch | Completed | Aligned Data Centers release 2026/10/28

Cooling capacity and energy efficiency each rise 10% within the same footprint with zero water used for operational cooling, and North American units are built at Munters plants in Texas and Virginia; Aligned is private and Munters lists in Stockholm with no US ticker.

 

Funding | Under review | TechCrunch (Energy Department notice) 2026/10/28

Constellation (Ticker: CEG) plans to uprate 11 reactors at eight plants for 1.1 gigawatts, with Google, Amazon (Ticker: AMZN) and Meta (Ticker: META) buying the output, but the loan commitment is not yet final.

 

Deal value counted this issue is $620 million, with $95.77 billion excluded. About 95% of the excluded side is Microsoft's and Alphabet's own capital spending, and the remaining $5 billion is an Energy Department loan commitment that is not final, so none of the three is priced in a market. The only arm's-length deal was FuriosaAI's $620 million in equity, and its capacity does not go from 20,000 to more than 40,000 units until 2027. Microsoft's roughly $170 billion fiscal 2027 capex outlook is full-year guidance rather than a deal, and Constellation's previously committed $7 billion-plus of uprates is not from this period, so neither sits on either side.

 

How to use this next time: when a very large spending figure appears, ask first whether it has a counterparty. Own capital spending has no seller negotiating against it, and a government loan commitment is not set by a market, so neither tells you anything about supply and demand however large it is. A deal with a price is the evidence of what the market will actually pay, and today that number was $620 million. Keeping the two apart stops you from reading the size of the spending as the strength of the demand.

 

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Disclaimer: This article was prepared by the MEXC US equities spot team (MEXC RealStocks) for market information and educational reference only. It is not investment advice and contains no buy or sell opinion. All stocks and companies mentioned are publicly discussed names and do not represent a recommendation or view of MEXC. Investing involves risk, so please exercise your own judgement.