美政府“停摆”满月，4200万人或挨饿；吃炸鸡、喝啤酒，黄仁勋在韩国拿下100亿美元大单；史上最大IPO要来了

Group 1: Nvidia's Market Milestone - Nvidia's market capitalization surpassed $5 trillion, making it the first company to achieve this milestone, driven by increased investments in the global AI industry [4][5][7] - The increase in Nvidia's valuation from $3 trillion to $4 trillion took 410 days, while the jump to $5 trillion occurred in just 113 days [7] - The overall enthusiasm for AI has significantly contributed to the rise in stock prices across the US market since October 2022 [7] Group 2: Financial Pressures on Tech Giants - Despite strong revenue growth, the "Magnificent Seven" tech companies are experiencing a decline in available cash, as indicated by the rising ratio of capital expenditure to operating cash flow [9][13] - The capital expenditure of major tech firms is projected to reach unprecedented levels, with companies like Google and Meta significantly increasing their spending forecasts [8][9] - Harris Kupperman from Praetorian Capital highlighted that the AI industry requires approximately $1 trillion in revenue to break even, while current monthly revenues are just over $10 billion, suggesting a payback period of about 83 years [5][19] Group 3: Financing Strategies and Risks - Major tech companies are increasingly resorting to external financing methods, including equity, bonds, and private credit, to support their capital expenditures [13][14] - Meta is reportedly preparing to issue $25 billion in bonds to fund data center construction, which has raised concerns about the sustainability of such financing strategies [13][14] - The shift from relying on internal cash flow to seeking external funding could pose risks to the AI industry's future development [17] Group 4: Broader Economic Context - The US government has been in a state of shutdown for over a month, affecting food assistance programs for approximately 42 million Americans [21][23] - The upcoming vote on Elon Musk's $1 trillion compensation plan for Tesla has garnered significant attention, with major shareholders expressing opposition [25][27] - The KOSPI index in South Korea has surged 71% this year, driven by strong performances from key companies like Samsung and SK Hynix [40][42][43]