Alibaba Launches "China’s Most Powerful AI Chip" and Massive Data-Center Expansion
Alibaba launched the Zhenwu V900, called China’s strongest AI chip, plus 5–10 trillion parameter Qwen models and a 20GW data-center goal by 2032.
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#Event-Driven Stocks↓
Berkshire Now Owns 10% of Lennar After Buying $200 Million of Stock
Berkshire now holds 23.7 million Lennar Class A shares worth $1.8 billion after crossing the 10% ownership threshold.
Shopify Lets Meta’s Muse Shop and Check Out With Shop Pay
Deutsche Bank argues the Meta Muse partnership calms fears that AI shoppers will bypass Shopify payments.
SoFi Starts Settling Card Payments With Its Own Stablecoin on Mastercard
SoFi is the first bank to go live with SoFiUSD card settlement on Mastercard, migrating a program expected to top $25B in annualized volume.
On Holding Unveils 2029 Plan, $1B Buyback at Investor Day
On Holding unveils 2029 plans: high-teens sales growth, CHF 5.6B revenue, 22% EBITDA margin, and its first $1 billion share repurchase program.
Ryan Cohen Buys Another $26 Million Worth of GameStop Stock
GameStop CEO Ryan Cohen bought 1.15 million shares on Sept. 21 at $22.94, spending about $26.4 million. His stake is now about 8.7%.