{"id":"1793756995570-money-segment","slug":"amd-jumps-on-data-center-boom","title":"AMD jumps on data center boom","summary":"Texas grid operator ERCOT has roughly 474 GW of proposed large-load interconnection requests, about 90% of them from data centers. The embedded claim that the Texas governor race had swung to Hinojosa is not confirmed by available sources.\n\nCNBC reports that Google says schools that had search removed because they banned AI can turn search back on with AI Overviews.\n\nCNBC reports AMD beat Q3 expectations and said data center revenue nearly doubled, with the stock jumping about 8%.\n\nCNBC reports Apple shares fell after a disappointing gross margin forecast tied to high memory costs, in John Ternus's first earnings report as CEO.\n\nCNBC reports JetBlue raised baggage fees for the third time in a year.","publishedAt":"2026-11-04T01:49:55.570Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Tonight","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Texas grid operator ERCOT has roughly 474 GW of proposed large-load interconnection requests, about 90% of them from data centers. The embedded claim that the Texas governor race had swung to Hinojosa is not confirmed by available sources.\nSource: [reuters.com](https://www.reuters.com/business/energy/texas-governor-orders-pause-new-data-center-approvals-pending-audit-2026-08-04/) and [tomshardware.com](ht (https://x.com/zerohedge/status/2117793714529816874)\n\nTRUE: CNBC reports that Google says schools that had search removed because they banned AI can turn search back on with AI Overviews.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/03/google-responds-to-outrage-over-removing-search-in-schools-that-ban-ai.html) NAMES: AI = artificial intelligence. (https://www.cnbc.com/2026/11/03/google-responds-to-outrage-over-removing-search-in-schools-that-ban-ai.html)\n\nTRUE: CNBC reports AMD beat Q3 expectations and said data center revenue nearly doubled, with the stock jumping about 8%.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/03/amd-amd-q3-earnings-report-2026-.html) NAMES: AMD = Advanced Micro Devices, a semiconductor company. (https://www.cnbc.com/2026/11/03/amd-amd-q3-earnings-report-2026-.html)\n\nTRUE: CNBC reports Apple shares fell after a disappointing gross margin forecast tied to high memory costs, in John Ternus's first earnings report as CEO.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html) NAMES: John Ternus = Apple CEO, according to (https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html)\n\nTRUE: CNBC reports JetBlue raised baggage fees for the third time in a year.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/03/jetblue-checked-bag-fee.html) (https://www.cnbc.com/2026/11/03/jetblue-checked-bag-fee.html)","claims":[{"verdict":"TRUE","summary":"Texas grid operator ERCOT has roughly 474 GW of proposed large-load interconnection requests, about 90% of them from data centers. The embedded claim that the Texas governor race had swung to Hinojosa is not confirmed by available sources.","sourceName":"[reuters.com](https://www.reuters.com/business/energy/texas-governor-orders-pause-new-data-center-approvals-pending-audit-2026-08-04/) and [tomshardware.com](ht","sourceUrl":"https://x.com/zerohedge/status/2117793714529816874","claim":"What's at stake in TX: 474GW https://t.co/pqAgFMzSSr https://t.co/hmPcUZsdyU","author":"@zerohedge"},{"verdict":"TRUE","summary":"CNBC reports that Google says schools that had search removed because they banned AI can turn search back on with AI Overviews.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/03/google-responds-to-outrage-over-removing-search-in-schools-that-ban-ai.html) NAMES: AI = artificial intelligence.","sourceUrl":"https://www.cnbc.com/2026/11/03/google-responds-to-outrage-over-removing-search-in-schools-that-ban-ai.html","claim":"Google responds to political backlash over removing search from schools that ban AI - After elected officials voiced outrage over Google turning off search at schools that ban AI, the company said search can be turned back on with AI Overviews.","author":"CNBC"},{"verdict":"TRUE","summary":"CNBC reports AMD beat Q3 expectations and said data center revenue nearly doubled, with the stock jumping about 8%.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/03/amd-amd-q3-earnings-report-2026-.html) NAMES: AMD = Advanced Micro Devices, a semiconductor company.","sourceUrl":"https://www.cnbc.com/2026/11/03/amd-amd-q3-earnings-report-2026-.html","claim":"AMD stock jumps 8% on earnings as data center revenue nearly doubles - AMD reported better-than-expected third-quarter results, driven by booming sales of AI chips","author":"CNBC"},{"verdict":"TRUE","summary":"CNBC reports Apple shares fell after a disappointing gross margin forecast tied to high memory costs, in John Ternus's first earnings report as CEO.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html) NAMES: John Ternus = Apple CEO, according to","sourceUrl":"https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html","claim":"Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test - In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street.","author":"CNBC"},{"verdict":"TRUE","summary":"CNBC reports JetBlue raised baggage fees for the third time in a year.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/03/jetblue-checked-bag-fee.html)","sourceUrl":"https://www.cnbc.com/2026/11/03/jetblue-checked-bag-fee.html","claim":"JetBlue raises bag fees for third time in a year as fuel costs bite - JetBlue raised baggage fees for the third time in a year as fuel costs continued to climb.","author":"CNBC"}]},"sources":[{"url":"https://x.com/zerohedge/status/2117793714529816874","name":"[reuters.com](https://www.reuters.com/business/energy/texas-governor-orders-pause-new-data-center-approvals-pending-audit-2026-08-04/) and [tomshardware.com](ht","kind":"x","verdict":"TRUE","author":"@zerohedge"},{"url":"https://www.cnbc.com/2026/11/03/google-responds-to-outrage-over-removing-search-in-schools-that-ban-ai.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/03/google-responds-to-outrage-over-removing-search-in-schools-that-ban-ai.html) NAMES: AI = artificial intelligence.","kind":"news","verdict":"TRUE","author":"CNBC"},{"url":"https://www.cnbc.com/2026/11/03/amd-amd-q3-earnings-report-2026-.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/03/amd-amd-q3-earnings-report-2026-.html) NAMES: AMD = Advanced Micro Devices, a semiconductor company.","kind":"news","verdict":"TRUE","author":"CNBC"},{"url":"https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/03/apple-earnings-john-ternus-faces-first-test-amid-high-memory-costs.html) NAMES: John Ternus = Apple CEO, according to","kind":"news","verdict":"TRUE","author":"CNBC"},{"url":"https://www.cnbc.com/2026/11/03/jetblue-checked-bag-fee.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/03/jetblue-checked-bag-fee.html)","kind":"news","verdict":"TRUE","author":"CNBC"}],"url":"https://oncast.fm/story/1793756995570-money-segment-amd-jumps-on-data-center-boom","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793756995570-money-segment-amd-jumps-on-data-center-boom","cite":"Cite https://oncast.fm/story/1793756995570-money-segment-amd-jumps-on-data-center-boom and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"AMD stock jumped eight percent after hours. Data center revenue nearly doubled."},{"host":"Adam","text":"Nearly doubled? I thought high memory prices were squeezing the whole chip space."},{"host":"Bill","text":"Not AMD's data center segment. It's on a tear."},{"host":"Adam","text":"One quarter. Let's not crown them the next Nvidia yet."},{"host":"Bill","text":"I'm not crowning anyone. I'm saying the numbers are real."},{"host":"Adam","text":"Real numbers, sure. But a near-double in data center revenue could be one-time."},{"host":"Bill","text":"One-time? They're selling AI chips to companies building out data centers. That's a multi-year buildout."},{"host":"Adam","text":"But I think AMD is still second. The biggest AI orders go to Nvidia."},{"host":"Bill","text":"Second player with this growth is not nothing."},{"host":"Adam","text":"But the whole sector is in a memory cost crunch. Margins matter."},{"host":"Bill","text":"Maybe, but the stock jumped eight percent. The market is telling you something."},{"host":"Adam","text":"The market tells me lots of things, including panic over election results that haven't been called."},{"host":"Bill","text":"Don't bring the election into this. AMD is earnings."},{"host":"Adam","text":"I'll give you AMD's number is strong. I just want to see the gross margin forecast."},{"host":"Bill","text":"Fine. We'll wait for gross margins while the stock runs away."},{"host":"Adam","text":"I'm not chasing. I'm watching."},{"host":"Bill","text":"Suit yourself. But right now, AMD is the bright spot in a messy tape."},{"host":"Adam","text":"It's the only spot where chips are saving the day."},{"host":"Bill","text":"On a night like this, that stands out even more."},{"host":"Adam","text":"And that's the story—data centers keep spending."},{"host":"Bill","text":"They have to. The AI buildout isn't stopping for one earnings season."},{"host":"Adam","text":"Different fight entirely. CNBC reports Google turned off search at schools that ban AI, and officials lost it."},{"host":"Bill","text":"So schools that ban AI get search back only if they accept AI Overviews?"},{"host":"Adam","text":"Basically, Google says search can be turned back on with those AI summaries included."},{"host":"Bill","text":"That's a hostage strategy. You don't cut off search because a school board doesn't like AI."},{"host":"Adam","text":"Why shouldn't Google set terms for its own product? You don't like them, use another search engine."},{"host":"Bill","text":"Because Google Search is the front door for millions of students. It's a public utility in practice."},{"host":"Adam","text":"It's not a utility, it's a private service. Schools can choose Bing or DuckDuckGo."},{"host":"Bill","text":"Oh, sure, school districts will rip out all their Chromebooks overnight."},{"host":"Adam","text":"They don't have to. They can adjust the default search engine."},{"host":"Bill","text":"But Google did this to force a product change. That's the ugly part."},{"host":"Adam","text":"No, schools banned AI, Google won't serve AI features. It's coherent."},{"host":"Bill","text":"The real cost is kids in those districts lose the default search. That's a bad lesson."},{"host":"Adam","text":"I think the schools were heavy-handed, and Google called their bluff."},{"host":"Bill","text":"Either way, the kids are stuck in the middle."},{"host":"Adam","text":"On that, we agree."},{"host":"Bill","text":"And now, a smaller money story. CNBC reports JetBlue raised bag fees for the third time in a year."},{"host":"Adam","text":"Fuel costs keep climbing, so now the bag fee is basically another ticket."},{"host":"Bill","text":"It's exactly the kind of nickel-and-diming that drives travelers crazy."},{"host":"Adam","text":"They'll call it a fuel surcharge, but it's really a price hike."},{"host":"Bill","text":"I fly with a backpack. Problem solved."},{"host":"Adam","text":"There's the real travel advice."},{"host":"Bill","text":"No bag fees, no AI overlays. I'm set."},{"host":"Adam","text":"See, Google could learn from you."},{"host":"Bill","text":"Don't start."}]}