Oncast Money · Money Tonight

AMD jumps on data center boom

· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.

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.

CNBC reports that Google says schools that had search removed because they banned AI can turn search back on with AI Overviews.

CNBC reports AMD beat Q3 expectations and said data center revenue nearly doubled, with the stock jumping about 8%.

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.

CNBC reports JetBlue raised baggage fees for the third time in a year.

Fact-check

VERIFIED 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.

What's at stake in TX: 474GW https://t.co/pqAgFMzSSr https://t.co/hmPcUZsdyU

Original post · @zerohedge

[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

VERIFIED TRUE

CNBC reports that Google says schools that had search removed because they banned AI can turn search back on with AI Overviews.

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.

Original post · CNBC

[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.

VERIFIED TRUE

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.

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.

Original post · CNBC

[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

Sources

What the hosts said

BAMD stock jumped eight percent after hours. Data center revenue nearly doubled.
ANearly doubled? I thought high memory prices were squeezing the whole chip space.
BNot AMD's data center segment. It's on a tear.
AOne quarter. Let's not crown them the next Nvidia yet.
BI'm not crowning anyone. I'm saying the numbers are real.
AReal numbers, sure. But a near-double in data center revenue could be one-time.
BOne-time? They're selling AI chips to companies building out data centers. That's a multi-year buildout.
ABut I think AMD is still second. The biggest AI orders go to Nvidia.
BSecond player with this growth is not nothing.
ABut the whole sector is in a memory cost crunch. Margins matter.
BMaybe, but the stock jumped eight percent. The market is telling you something.
AThe market tells me lots of things, including panic over election results that haven't been called.
BDon't bring the election into this. AMD is earnings.
AI'll give you AMD's number is strong. I just want to see the gross margin forecast.
BFine. We'll wait for gross margins while the stock runs away.
AI'm not chasing. I'm watching.
BSuit yourself. But right now, AMD is the bright spot in a messy tape.
AIt's the only spot where chips are saving the day.
BOn a night like this, that stands out even more.
AAnd that's the story—data centers keep spending.
BThey have to. The AI buildout isn't stopping for one earnings season.
ADifferent fight entirely. CNBC reports Google turned off search at schools that ban AI, and officials lost it.
BSo schools that ban AI get search back only if they accept AI Overviews?
ABasically, Google says search can be turned back on with those AI summaries included.
BThat's a hostage strategy. You don't cut off search because a school board doesn't like AI.
AWhy shouldn't Google set terms for its own product? You don't like them, use another search engine.
BBecause Google Search is the front door for millions of students. It's a public utility in practice.
AIt's not a utility, it's a private service. Schools can choose Bing or DuckDuckGo.
BOh, sure, school districts will rip out all their Chromebooks overnight.
AThey don't have to. They can adjust the default search engine.
BBut Google did this to force a product change. That's the ugly part.
ANo, schools banned AI, Google won't serve AI features. It's coherent.
BThe real cost is kids in those districts lose the default search. That's a bad lesson.
AI think the schools were heavy-handed, and Google called their bluff.
BEither way, the kids are stuck in the middle.
AOn that, we agree.
BAnd now, a smaller money story. CNBC reports JetBlue raised bag fees for the third time in a year.
AFuel costs keep climbing, so now the bag fee is basically another ticket.
BIt's exactly the kind of nickel-and-diming that drives travelers crazy.
AThey'll call it a fuel surcharge, but it's really a price hike.
BI fly with a backpack. Problem solved.
AThere's the real travel advice.
BNo bag fees, no AI overlays. I'm set.
ASee, Google could learn from you.
BDon't start.

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