Last Week in Tech - A Brutal AI-Driven Tech Sell-Off, a Perfect-10 Siemens Flaw Under Attack, and Cisco's Exploited VPN Bug
Tech Talks With Kinsoft · Nov 8, 2026 · 20:37
Tech Talks With Kinsoft · Nov 8, 2026 · 20:37
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Last week in tech, 30 Oct to 6 Nov 2026. US tech stocks sold off hard on Thursday 5 November: the Nasdaq Composite fell 5.52%, the S&P 500 4.36% and the Dow 3.44% at the close, with the semiconductor index down about 12%. Reported causes include doubts over AI spending returns, profit-taking and midterm-related worries about data-centre limits; these are reported explanations, not confirmed causes.
The US added 165,000 jobs in October, with unemployment at 4.1% (BLS). OpenAI says GPT-6 Astra was its first model rated Critical for cyber capability; GPT-6 Cyber is reportedly also Critical (single trade-press source). Meta bought AI coding startup Conductor; its cloud service shuts 20 November.
Security: Siemens SIMATIC IoT2050 Node-RED flaw CVE-2026-58115, CVSS 10.0 (v3.1 and v4.0), exploitation reported by VulnCheck from 30 October. Cisco ASA/FTD CVE-2026-76418, CVSS 3.1 score 8.6, exploited denial of service, added to CISA KEV 29 October.
Visit www.kinsoft.com.au to talk through your security and IT needs.
Sources: BLS; Fox Business; Yahoo Finance; IBTimes; Investing.com; OpenAI; Techzine; TechCrunch; Siemens ProductCERT SSA-834709; The Hacker News; Help Net Security; Cisco; Rescana.
Episodes: Tech Talks With Kinsoft
