NVIDIA Corp
- U.S. uncovers scheme to reroute Nvidia GPUs worth $160 million to China despite export bans - Authorities have shut down yet another China-linked smuggling network for Nvidia's AI chips, according to a release from a U.S. Attorneys office.
- Asia-Pacific markets mostly lower following Wall Street losses ahead of Fed rate decision - The U.S. Federal Reserve starts its meeting Dec. 9 stateside, with the decision expected on Dec. 10.
- Nvidia partner Foxconn reports 26% revenue spike as AI boom continues - The Taiwanese company has increasingly moved into the AI infrastructure space in recent times
- 'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listing - Shares of Moore Threads soared by more than 400% on its debut in Shanghai following its $1.1 billion listing.
- Nvidia has a cash problem -- too much of it - Nvidia's recent slew of billion-dollar checks highlight the company's growing cash pile.
- Software startup deploys Singapore’s first quantum computer for commercial use - Singapore-based software firm Horizon Quantum Computing has become the first private firm to deploy a quantum computer for commercial use in the city-state.
- Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data - The ADP report is the last jobs picture the Federal Reserve gets before it meets Dec. 9-10. Markets are now pricing in an 89% chance of a cut.
- Micron stops selling memory to consumers as demand spikes from AI chips - Demand driven by the AI infrastructure boom is creating shortages for certain products like memory.
- Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
- Nvidia-backed $4 billion AI startup announces major London expansion - U.S.-based Luma AI is targeting 200 hires in the U.K. by early 2027 as a wave of North American tech companies eye European growth.