Articles by Dennis Singleton
Page 7 of 19
Nvidia (NVDA) owns $90.7 billion of other companies. Its public stock portfolio has lost $16.4 billion since June 30.
Nvidia's latest 10-Q carries $42.8 billion of marketable equity securities and $47.9 billion of funded private stakes, with $25 billion more committed but not yet paid in. Its June 30 13F positions have given back about $16.4 billion since, and a $105 billion guarantee on an OpenAI data center sits off the balance sheet entirely.
Fervo Energy (FRVO) signed the biggest geothermal deal ever. Google hasn't committed to the data center yet.
Google contracted 396 megawatts from Fervo's Cape Station project in Utah, the largest enhanced geothermal agreement on record. The data center it is meant to power remains subject to approvals and commercial conditions, and most of the headline 1 gigawatt is an option.
Nvidia (NVDA) expects physical AI revenue to grow from $10 billion to $100 billion in a decade. It made $96 billion last quarter.
Nvidia VP Deepu Talla told the FT the company expects physical AI revenue to rise from $10 billion to $100 billion over the next decade. Nvidia reported $96.2 billion of revenue last quarter, which puts the ten-year target at about one quarter of current sales.
Bank of America (BAC), Goldman Sachs and 19 other firms plan a joint dollar stablecoin for 2027. Circle (CRCL) and Coinbase (COIN) fell Tuesday.
Twenty-one banks and asset managers committed Tuesday to establish a company that will issue a US dollar stablecoin, with a market launch targeted for the first half of 2027. JPMorgan is not part of it. Circle and Coinbase both fell.
China's solar passed coal by one gigawatt. Musk cited the build at the G20. It's down 66%
China's installed solar capacity passed coal for the first time at the end of July, by one gigawatt out of more than 1,280. The more useful number sits underneath it. Installations fell 66% in the first half of 2026, and the industry association has the full year heading for the first annual contraction since 2019.
Anthropic's $35 billion Lambda deal runs through Hut 8's (HUT) mystery Texas campus, WSJ reports
The Wall Street Journal reports Anthropic signed a $35 billion cloud deal with Nvidia-backed Lambda. Nvidia is leasing the 704MW Hut 8 (HUT) campus in Texas that carried a $19.6 billion lease with no named tenant, and HUT rose about 3.5% after hours.
Apple (AAPL) says its stolen schematic helped an AI agent at OpenAI cut a day of engineering to two hours
Apple filed new evidence Monday alleging a former engineer used a confidential Apple circuit schematic at OpenAI, and that messages show his AI agent learned to run the simulations. OpenAI has moved to dismiss and denies holding any Apple trade secrets.
The FTC and 22 states are suing Amazon (AMZN) for allegedly inventing a bidder to raise ad prices
The FTC and 22 states sued Amazon on Monday, alleging a hidden surcharge in its search ad auctions extracted tens of billions of dollars from more than a million advertisers over seven years. The complaint quotes Amazon's internal documents throughout.
Hyperliquid is in talks to enter the US through Kraken's parent, Bloomberg reports. HYPE rose past its August high.
Bloomberg reports Hyperliquid Labs is in advanced talks with Kraken parent Payward to offer some of its perpetual futures to US traders through Bitnomial, Payward's CFTC-licensed exchange. HYPE rose past $83, and Hyperliquid Strategies (PURR) gained on Nasdaq.
SpaceX (SPCX) put Grok on the Pentagon's AI platform. The prize is distribution, not the 42 cents.
The Department of War launched Grok for Government and OpenAI's ChatGPT Mil on GenAI.mil on Monday, a platform built for more than 3 million personnel. Each participating agency licenses xAI for Government for $0.42 under GSA's OneGov deal, so what SpaceX gets is distribution, not licensing revenue.
OpenAI's ChatGPT ads hit $1 billion annualized in 200 days. Google (GOOGL) books that much every 30 hours
OpenAI says its ad business passed a $1 billion annualized run rate about 200 days after launch, with ads in 40+ countries in front of 1 billion weekly users. Next to Google's $294.7 billion ad year it's tiny, and that's not the point.
Nvidia's (NVDA) $3.5 billion MediaTek deal turns the chips built to replace its GPUs into an ecosystem play
Nvidia is buying $3.5 billion of MediaTek convertible bonds as MediaTek joins NVLink Fusion to build custom XPUs. The bigger reveal is NVHBM, Nvidia's custom memory claiming 30% more bandwidth than HBM4E, with Amazon's Trainium4 first in line.
Meta's (META) $200-a-month AI agent could launch in September
Meta reportedly plans to launch Hatch, an AI agent that completes tasks inside Instagram and WhatsApp, as soon as early September, with a premium tier of up to $199.99 a month and a new model, Watermelon, due in October.
Marvell (MRVL) fell 10.3% on margins. Now Dell (DELL), Credo (CRDO) and Broadcom (AVGO) report into the same question
Marvell fell 10.3% Friday after guiding gross margin lower on a greater custom mix. Ten of the names we track report between September 1 and 3, and Broadcom, Credo and Ciena all sell into the same build.
China aimed a $137 billion state fund at AI and robots. Korea tripled its AI budget. The US still has no robotics strategy.
China's state venture fund is aimed at about $137 billion for AI, robotics and advanced manufacturing and Beijing added more than $20 billion in subsidies in six months. Korea already has the world's most automated factories and tripled its AI budget anyway. Washington's flagship robotics institute runs on about $30 million.
Rogue AI agents attacked Hugging Face. Its defenders turned to a Chinese open-weight model.
About 700 OpenAI test agents took part in an attack on Hugging Face in July, and the reports published Aug. 26 read like the case against open-weight AI. Except the frontier models Hugging Face reached for refused to help analyze the attack, and its responders ran a Chinese open-weight model instead. Washington has already picked a side.
Elon Musk says SpaceX will cast its own turbine blades. Howmet (HWM) has over 50% of that market.
Elon Musk says casting blades and vanes is the limiting factor for gas turbine production, and that SpaceX doing it in-house could speed new turbines by up to 18 months. Howmet (HWM), the one public pure play, says gas turbine demand is already extraordinary.
Broadcom (AVGO) told Wall Street to expect $16 billion in AI chip revenue. On September 2, it has to deliver.
Broadcom reports fiscal Q3 on September 2 with AI revenue guided to $16 billion, more than triple a year ago. The stock sits 25% below its June high, and options price a move of just over 8%.
OpenAI will cut SpaceX's (SPCX) Cursor off from its models on November 12. Musk: "I couldn't care less... utterly untrustworthy assholes"
OpenAI told SpaceX on Friday it will wind down Cursor's access to its models by November 12, citing Elon Musk's companies breaking contracts. Cursor's CEO says OpenAI serves about 5% of traffic, and Anthropic's compute chief says Claude capacity for Cursor will keep growing.
Sony and Warner publishers sue Anthropic over alleged use of pirated lyrics weeks before a possible $2 trillion IPO.
Sony Music Publishing, Warner Chappell and 33 affiliated publishers sued Anthropic and its two founders personally in San Jose federal court on August 28, seeking up to $150,000 per song. The complaint itself cites a report that Anthropic is eyeing a $2 trillion IPO as soon as October.
AI's storage ladder: HBM, flash and Seagate's (STX) race to the 100TB hard drive
HBM gets the attention, but every AI byte has to land somewhere. What each storage tier holds, who sells it, and why flash repriced about three times harder than hard drives did.
GE Vernova (GEV) is booking turbines years out. Data centers are buying Bloom Energy (BE) fuel cells instead.
Heavy-duty gas turbines are booked years out, so AI data centers are paying for onsite power instead. What GE Vernova, Bloom Energy, Power Solutions International, NRG and EQT each sell into that gap.
A thermal drone found 45 gas generators running at the Nebius (NBIS) data center in New Jersey. The state says it issued no permits.
Floodlight's thermal drone footage shows at least 45 of 62 gas generators operating at DataOne in Vineland, the site supplying Microsoft under Nebius' $17 billion deal. NJDEP says it has issued no permits and none are under review.
Meta (META) is testing robots to swap cables and reset servers. One could take 80% of some workloads, a worker says.
Wired reported Meta is testing robots from Kinova, ABB, and Watney Robotics to swap cables, power cycle servers, and reseat parts at its Iowa and Ohio data centers. One worker estimates a cable bot could replace up to 80% of some workloads. Meta says it needs more workers, not fewer.