Here’s the question three tech-sector earnings reports raise about the future of AI
Published . Updated .
Celestica, Cadence Design Systems and Rambus all posted estimate-beating results for the third quarter.
Directly affected
- CLS Celestica-25.3% 19d
Named in this report.
- CDNS Cadence Design Systems+15.4% 30d
Named in this report.
- RMBS Rambus
Named in this report.
Indirectly affected
- QQQ Invesco QQQ+0.4% 17d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- AIQ Global X Artificial Intelligence & Technology ETF-2.2% 30d
Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- MSFT Microsoft+7.1% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- GOOGL Alphabet-8.2% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- AMZN Amazon.com+0.2% 30d
Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- META Meta Platforms-6.0% 30d
Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CLS | +21.62% | +9.08% | base | after close | after close | after close | after close |
| CDNS | -0.70% | -3.83% | base | after close | after close | after close | after close |
| RMBS | +2.29% | -5.11% | base | after close | after close | after close | after close |
| QQQ | +0.72% | -1.06% | base | after close | after close | after close | after close |
| AIQPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| MSFTPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| GOOGLPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| AMZNPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| METAPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Celestica, Cadence Design Systems and Rambus all posted estimate-beating results for the third quarter.
Source: MarketWatch
This story
| Company | When | Move | Status |
|---|---|---|---|
| CDNS | three days earlier | -3.83% | final price |
| CDNS | five days earlier | -0.70% | final price |
| CLS | three days earlier | +9.08% | final price |
| CLS | five days earlier | +21.62% | final price |
| QQQ | three days earlier | -1.06% | final price |
| QQQ | five days earlier | +0.72% | final price |
| RMBS | three days earlier | -5.11% | final price |
| RMBS | five days earlier | +2.29% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold Cadence Design Systems (CDNS) (jointly held), worth $15,001 - $50,000 on 14 Sep 2026. That is 43 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Cadence Design Systems (CDNS) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Cadence Design Systems (CDNS) (jointly held), worth $15,001 - $50,000 on 2 Sep 2026. That is 55 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 27 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 29 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Microsoft (MSFT), worth $1,001 - $15,000 on 24 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 43 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 53 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 61 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 60 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 61 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Amazon Com (AMZN), worth $15,001 - $50,000 on 26 Aug 2026. That is 62 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Here’s the question three tech-sector earnings reports raise about the future of AI” scores 12 out of 100. The score uses 1 sources.