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Trump talks with Thune as Senate stalls data center power-cost bill
President Trump said he is discussing a bill with Senate Majority Leader John Thune to keep data-center power costs off household bills. The House passed the Ratepayer Protection Act 417-3, but a Senate fast-track failed Thursday.
Nvidia-backed Nscale (NSCL) files for a NYSE IPO with $103.4 billion in signed contracts. Almost all of the compute behind them still has to be built and financed.
Nscale filed to list on the NYSE under ticker NSCL, reporting $103.4 billion in contract value as of Aug. 31. Anthropic and Microsoft are about 85% of it, but only about 25,000 of Nscale's 461,000 contracted GPUs were running.
Virginia targets data center power costs in new rules that put Dominion Energy (D) in the middle
Governor Abigail Spanberger unveiled a Data Center Accountability Framework that would end by-right approvals for large data centers and ban non-disclosure agreements on projects of 25 megawatts or more. Dominion Energy (D) is the utility most exposed.
Disney (DIS) hires Character.AI's CEO as its first CTO. A year ago, Disney told the startup to stop using its characters.
Karandeep Anand, the chief executive of Character.AI, becomes Disney's first chief technology officer on October 2, reporting to CEO Josh D'Amaro. A year ago Disney sent Character.AI a cease-and-desist letter over its characters.
OpenAI and Intel doubt CXL memory can replace HBM. Samsung and SK Hynix are building it anyway.
At a technology conference in California, an OpenAI researcher and an Intel executive said CXL-connected memory is unlikely to replace HBM. That protects Samsung and SK Hynix, which lead HBM and are building CXL 3.2 modules anyway.
Three Karman (KRMN) directors bought stock on the same day. One of them did almost all the buying.
Three Karman (KRMN) directors bought on Sept. 16, all discretionary code P purchases with no trading plan. The $1.04 million total is really chairman David Stinnett buying about $1.01 million, with two independent directors adding small personal amounts.
California's Newsom signs an order to develop an AI "kill switch." Two years ago he vetoed a bill that would have required one.
Governor Gavin Newsom signed executive order N-9-26 directing California agencies to develop an AI "kill switch" and stronger safety rules for frontier models, with recommendations due in two months. Two years ago he vetoed a bill that would have required a shutdown capability.
China's CXMT wants to make NAND flash, not just DRAM. Its rival YMTC is moving the opposite way, into DRAM.
China's CXMT, the country's top DRAM maker, is preparing to enter NAND flash, the other main memory market, where Samsung and SK Hynix lead. Its rival YMTC is moving the opposite way, into DRAM.
SK Hynix (SKHY) unit Solidigm is weighing its first US memory plant, with New York in the lead
SK Hynix's US flash-memory unit Solidigm is studying its first American plant, and upstate New York has emerged as a leading candidate, Korean press reported Friday. SK Hynix says no plan is confirmed. Solidigm's only NAND fab today sits in Dalian, China.
The SEC will let US platforms trade tokenized stocks for five years. Companies can block it.
The Securities and Exchange Commission will let US trading platforms offer tokenized versions of public stocks for five years, and the company whose stock is being tokenized can still say no.
Korea's 'K-Nvidia' is going public. Rebellions is leaning toward the Kosdaq, not the bigger Kospi.
Rebellions, the Korean AI chip company often called the 'K-Nvidia,' is preparing to sell its shares to the public. Rebellions is likely to file for a Kosdaq listing before the end of the year, valued at 3.4 trillion won ($2.5B), a change from the Kospi its founder first wanted.
Anduril wins an $85 million Air Force contract that runs to 2036
The Air Force gave Anduril a ten-year research contract worth up to $85 million and obligated $50,000 against it. The company still has no IPO date.
Nebius (NBIS) is raising GPU rental prices up to 21% on October 1. CoreWeave (CRWV) told bond buyers it is charging more too.
Nebius will raise pay-as-you-go rates for renting selected Nvidia chips from October 1, its second increase in three months, with GPUs up 17% to 21% and memory up about 41%. CoreWeave told convertible-note buyers the same morning that it is signing capacity at higher prices too.
Senator Alan Armstrong ran Williams (WMB) for 14 years. His latest disclosure data lists option purchases.
Armstrong was CEO of Williams Companies from 2011 to 2025 before Governor Kevin Stitt appointed him to the Senate in March. A September 17 disclosure lists two Williams option entries from August, months after he sold $5 million to $25 million of the stock in June.
Why chip prices are rising in 2026. What Nvidia (NVDA), TSMC (TSM) and AMD have each actually said.
Nvidia is reported to have told customers to expect more than 15% on AI servers, TSMC to have raised advanced-node wafer prices 5% to 10%, Samsung foundry quotes up to 15%, and AMD about 10%. Four separate reports, and four very different levels of evidence.
CleanSpark (CLSK) names Meta as its Georgia data center tenant. A unit wants $2.227 billion in secured notes.
CleanSpark identified Meta as the tenant on its 175 MW Sandersville campus while a subsidiary went out for $2.227 billion of senior secured notes due 2031.
CoreWeave (CRWV) wants $3 billion in convertible notes. It opened a 35 million share stock program the same day.
CoreWeave plans $3 billion of convertible senior notes due 2033, with a $500 million option, and signed an equity distribution agreement covering up to 35 million shares. Its investor deck puts recent short-dated third-quarter contracts at about $40 million per megawatt.
America is building chip factories. Samsung and Micron (MU) are struggling to find the workers.
A McKinsey and SEMI Foundation report projects a US chip worker shortfall of 127,000 to 157,000 by 2030. Only 3% of US graduates who take engineering jobs go into semiconductors. The short-term fix is Korean staff on temporary assignment.
Japan and US discuss a chip plant worth up to $19 billion. GlobalFoundries (GFS) would run it.
The plant would be built in the United States, not Japan, and could count toward Japan's investment pledge under the $550 billion tariff agreement. It is the first chip project to surface under that pledge, and neither government has confirmed it.
The Nasdaq barely moved on the Fed's hike. Here is what QQQ did on the last 11.
QQQ rose 0.03% on the Fed hike. Across the 11 hikes from 2022 to 2023 it closed higher on 5 and lower on 6, and the size of the increase did not set the direction. A rate rise has not told you which way the Nasdaq 100 would close.
Amazon (AMZN) gets a Generac (GNRC) stock warrant tied to generator purchases. Generac shares jump 33% after hours.
Generac granted Amazon a warrant covering shares equal to about 2.9% of its stock at $200.9266, above Wednesday's close. Most of it vests only as Amazon's generator purchases reach set thresholds, up to $8 billion. Expected deliveries are $2.4 billion in 2027 and 2028.
Viking Global reports 5.4% of Regal Rexnord (RRX), a larger stake than before Viking sold part of the position in the second quarter
Viking cut a third of its Regal Rexnord position in the second quarter, when the stock was at $238. The Schedule 13G it filed on September 16 reports 1,476,986 more shares than that June 30 figure, and puts the firm over 5% as of September 9.
IBM has a $1 billion quantum foundry award. Where do IonQ, D-Wave and Rigetti get their chips?
Anderon, IBM's Albany quantum foundry, signed its final $1 billion CHIPS award on Wednesday and named no outside customer. D-Wave's Advantage2 prototype came from a SkyWater fab that IonQ bought in July, Rigetti runs its own fab in Fremont, and neither IonQ nor Quantum Computing Inc received an award.
China AI ETF (AICH) launches with Z.AI and MiniMax. Four unnamed swaps carry 23% of its disclosed weights.
EMXETF's China AI ETF started trading Wednesday. Its first holdings file lists Hygon, Zhongji Innolight, Z.AI and MiniMax, plus four swap entries worth 23% of the weights shown that the file does not identify. The prospectus charges 0.86% and warns the fund may be unable to buy A-shares.