Tim Cook Steps Down, Vertiv Confirms the Backlog Was a Floor, and Intel Says It Might Stop Making Chips

Apple's first CEO transition since 2011 lands the same week that Vertiv prints +30% revenue with +400bps margin and Intel quietly discloses it may pause Intel 14A. Tesla guides $25B+ of 2026 capex driven by AI compute. CoreWeave taps another $1B at 9.75%, the high-yield market firming on the second print. Eleven filings. Three thesis-changing events.