Why Jensen Huang’s Nvidia exit could unsettle neocloud financing
Nvidia’s leadership change raises questions about the value lenders place on company support for AI infrastructure projects, including a CoreWeave project backed by Blackstone.
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Nvidia
The latest NewsJaws reporting on Nvidia: developments, background and what happens next, with every source linked.
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Nvidia names longtime CFO Colette Kress interim CEO
Kress will keep her finance role while leading the chipmaker temporarily. Her appointment follows Jensen Huang’s resignation, as Nvidia prepares to report quarterly results on...
IllustrationNvidia CEO Jensen Huang could face subpoena over committee briefing
House China committee chair John Moolenaar said a subpoena would likely follow if Huang did not agree to a closed-door briefing or suggest another date.
IllustrationNvidia names Joon H. Kim to lead Huang investigation
The former acting U.S. attorney will lead the board’s independent probe, days after Nvidia announced it had begun investigating reports involving its chief executive.
IllustrationNvidia and Jensen Huang sued over shareholder disclosures
A proposed class action filed in California alleges Nvidia concealed information about Huang’s relationship with Alice Huang and related national-security concerns. Months...
US stocks slide as AI and chip sell-off wipes out post-election rally
The Dow fell about 3.4% and the Nasdaq 5.2% on Thursday as AI and chip shares sank amid concerns about regulation and investment returns.
US AI stocks slide as data-centre scrutiny concerns grow
Technology shares fell sharply on Thursday as investors weighed whether Democrats’ midterm gains could bring tighter scrutiny of AI data-centre projects.
Box expands Nvidia partnership with AI retrieval and workflow tools
Box announced a search system built on Nvidia’s Nemotron models, a plain-language workflow builder and new threat protections, with rollouts planned for customers starting in...
SK Hynix expects memory shortage through 2030 as buyers book future output
The chipmaker says long-term agreements cover more than half its production for 2027 and 2028, while rising memory costs could weigh on PC and phone shipments.
IllustrationSK hynix reports record third-quarter profit as AI memory demand lifts sales
The chipmaker reported record revenue and profit and said capacity is heavily committed through 2029, though some customer demand remains under discussion.
OpenAI reportedly plans to buy Google AI chips as it expands computing capacity
Bloomberg and Reuters report a planned chip purchase, but final terms are unknown. The proposal would add to OpenAI’s existing use of Google chips and Nvidia hardware.
Meta plans $95 billion in stock offerings to fund AI expansion
Meta has outlined two planned share offerings as it invests heavily in AI infrastructure. Three chipmakers have expressed interest in buying some of the stock.
SpaceX discloses $40 billion Apollo-led GPU financing commitment
The proposed arrangement would fund AI chips and related equipment through purchases by an Apollo-managed entity and leases to SpaceX. Closing remains subject to conditions.
Business
Meta falls as AI spending costs weigh on technology stocks
Meta and other AI-linked stocks fell during Thursday trading as investors weighed the cost of building AI infrastructure and how companies will fund it.
Business
US stocks fall as Iran tensions lift oil and AI spending worries weigh on tech
The S&P 500 and Nasdaq fell Thursday morning as oil rose. Reports of possible renewed strikes on Iran and doubts about AI investment added to market pressure.
Bolt plans Madrid autonomous-driving programme for 2027 with NVIDIA technology
Bolt expects to start gathering driving data in Madrid in 2027, subject to regulatory approval, as it prepares a wider European robotaxi programme.
NVIDIA plans investments in four German startups as Merz urges wider AI use
At a Berlin summit, NVIDIA also signed a declaration with Germany’s government to advance industrial AI models. It did not disclose the size of the planned startup investments.
TSMC posts sixth straight record profit as AI chip demand strains capacity
The chipmaker reported a 68.7% rise in third-quarter net profit, while customers compete for access to the manufacturing capacity behind AI processors.