Microsoft and Oracle fall after report puts OpenAI revenue $20bn below expectations
Microsoft and Oracle fell after an FT report said OpenAI’s annualised revenue is about $50bn, $20bn below earlier investor reports.
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SpaceX seeks $40 billion, led by Apollo, to buy Nvidia AI chips
The FT says SpaceX wants about $10B in bank loans and $30B in debt, led by Apollo, to fund a large Nvidia AI chip order. The deal may close in 2027.
Morgan Stanley Puts Nvidia Back as Its Top Chip Pick on a Modest Valuation
Morgan Stanley reinstated Nvidia as its top chip pick, citing a 15x fiscal 2028 earnings multiple after meetings with Huang and Kress.
Cerebras Stock Slides After Report That OpenAI’s Ultrafast Mode Is Running on Nvidia
OpenAI is Cerebras’ largest backlog customer.
Anthropic’s IPO Filing Reveals $84.5 Billion SpaceX Compute Deal, Nearly Double Prior Estimates
Anthropic’s IPO filing reveals an $84.5B SpaceX/xAI compute commitment through 2029 and $518B in decade-long infrastructure obligations across six partners.
Nvidia Approves Record $150 Billion Buyback as China Weighs Chip Sales to Alibaba and ByteDance
Nvidia launched the largest U.S. stock buyback ever with a $150B increase. Separately, China may approve RTX PRO 5500 sales to ByteDance and Alibaba.