AMD expects fourth-quarter revenue of $17 billion, exceeding analysts' expectations of $16.3 billion. AMD CFO Jean Hu stated that the fourth-quarter outlook reflects accelerated revenue and profit growth, driven by strong demand for its data center product portfolio. Following the earnings release, AMD's stock price rose 7% in after-hours trading.
On November 4th, Stellar's Bell upgrade went live on the testnet, with mainnet voting to follow. This upgrade requires wallets and indexers to update their software to adapt to the network change and introduces optional post-quantum signature verification for smart contracts, which developers can enable as needed.
[Ballistic Ventures Plans to Raise $490 Million for Two New Funds] Cybersecurity venture capital firm Ballistic Ventures has filed documents with the U.S. Securities and Exchange Commission (SEC) outlining plans to raise $360 million for its third flagship fund and $130 million for its standalone investment vehicle, Ballistic Ventures Fund B, for a total of $490 million. At the time of the filing, neither fund had recorded any sales. (Source: TechCrunch)
