APPLE CROSSED $5 TRILLION IN MARKET CAP FOR THE FIRST TIME. THAT MAKES IT ONLY THE SECOND COMPANY EVER TO REACH THE MILESTONE AFTER NVIDIA.
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news4h agonews
Two items from “News Items” from @EllisItems this AM (https://substack.news-items.com):
“8. A rout in global chipmakers deepened on Tuesday, as fears over the durability of the AI boom intensified ahead of results from some of Silicon Valley’s biggest companies this week. South Korea’s Kospi led declines in Asia, falling more than 10 per cent and prompting a short halt in trading, after investors dumped shares in the country’s two leading memory-chip makers. Shares in SK Hynix fell as much as 10 per cent, while its larger rival, Samsung Electronics, dropped more than 12 per cent. The two companies have tumbled 41 per cent and 34 per cent, respectively, in July so far. In Tokyo, the Nikkei 225 fell 4.4 per cent, with memory-chip maker Kioxia plunging more than 18 per cent. This month’s sell-off has slashed Kioxia’s share price in half. (Source: http://ft.com)
9. A closely watched gauge of risk in holding the debt of companies at the centre of the AI boom is rising rapidly, underscoring growing jitters over Big Tech’s vast spending on data centres, chips and computer memory. Prices for credit default swaps, popular tools to bet against corporate debt, tied to Oracle, SpaceX, Alphabet, Amazon, Meta, Broadcom and Nvidia have risen to record highs in recent days, according to LSEG data. The sharp moves echo a sell-off in debt issued by so-called hyperscalers, which are piling hundreds of billions of dollars into developing vast data centres and sophisticated AI models. It comes as investors have grown increasingly worried about the deluge of debt sold by these companies. (Source: https://t.co/i1iKd1P8Ml)”
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news8h agonews
Nvidia invests $5bn in researcher who plotted OpenAI coup
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news9h agonews
Taiwan Detains Nvidia Employee in China Chip Smuggling Probe
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meme10h agomeme
*TAIWAN PROSECUTORS DETAIN NVIDIA WORKER IN CHIP SMUGGLING CASE
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news11h agonews
Taiwan Detains Nvidia Employee in China Chip Smuggling Probe - Bloomberg News
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meme11h agomeme
TAIWAN PROSECUTORS DETAIN NVIDIA WORKER IN CHIP SMUGGLING CASE
#BREAKING
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news11h agonews
*TAIWAN PROSECUTORS DETAIN NVIDIA WORKER IN CHIP SMUGGLING CASE
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news11h agonews
*TAIWAN PROSECUTORS SEARCH NVIDIA OFFICE IN CHIP SMUGGLING PROBE
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news12h agonews
Nvidia behind $50 billion lease on Texas data center, FT reports
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meme12h agomeme
FT: Nvidia Linked to $50 Billion Texas Data Centre Project Powered by Its AI Chips
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news12h agonews
*NVIDIA SIGNS LEASES WORTH UP TO $50B FOR TEXAS DATA CENTRE: FT
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news12h agonews
Nvidia Behind $50bn Lease on Texas Data Centre That Will Use Its Chips - FT
Anthropic CEO Dario Amodei breaks silence on open-weight AI after Nvidia, Microsoft, Meta, OpenAI, and Google back open AI models
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news17h agonews
Anthropic CEO Dario Amodei breaks silence on open-weight AI after Nvidia, Microsoft, Meta, OpenAI, and Google back open AI models
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meme17h agomeme
reply NVIDIA DEFENDED ITS STRATEGY AS ESSENTIAL TO BUILDING GLOBAL AI INFRASTRUCTURE, EVEN AS ITS SHARES FELL 5% AND DEBT RISK INSURANCE COSTS HIT A RECORD HIGH.