Nvidia stock (NASDAQ: NVDA) stumbled on Tuesday, as Michael Burry, the legendary investor famed for predicting the 2008 housing crisis, disclosed a massive bearish wager against Nvidia. His Scion Asse... ...

Core Insights - The planned facility in Munich is expected to enhance AI computing power in Germany by approximately 50%, which is significant for the European Union's efforts to compete with the U.S. in the AI sector [1] Industry Impact - The increase in AI computing power is a strategic move for the European Union, aiming to bolster its position in the global AI landscape and reduce reliance on U.S. technology [1]

Core Insights - Palantir's stock experienced a significant decline of 8.1% to approximately $190 shortly after market open, marking its largest single-day drop since August [2] - The decline in Palantir's stock contributed to a broader market downturn, with the Nasdaq index falling by 0.9% and other major tech stocks also experiencing losses [2][3] - Despite reporting better-than-expected quarterly revenues of $1.18 billion and earnings per share of $0.21, Palantir's stock still faced downward pressure, indicating potential "rally exhaustion" in the market [1][3] Financial Performance - Palantir reported quarterly revenues of $1.18 billion, exceeding estimates of $1.09 billion [3] - The company's earnings per share were $0.21, surpassing the expected $0.17 [3] - Palantir raised its revenue forecast for the current quarter to $1.33 billion, above the previous projection of $1.19 billion [3] Market Context - The broader market saw declines, with the Dow Jones Industrial Average and S&P 500 dropping by 0.3% and 0.6%, respectively [3] - Major tech companies such as Nvidia, Boeing, Apple, and Cisco also reported stock declines, contributing to the overall market downturn [3]

The Trump administration has made its position crystal clear: Nvidia's cutting-edge Blackwell chips will remain strictly off-limits to China. In remarks across multiple platforms, from a CBS "60 Minut... ...

Palanteer reporting third quarter results above expectations in a big way. The company issued better than expected fourth quarter guidance. Uh shares down in the pre-market this morning.We'll talk about that as well. But joining us right now is somebody we've been talking about frankly all morning. Alex Karp is with us.Uh Palunteer CEO Alex, it is so good to see you uh this morning. Uh we had your biographer on the broadcast uh before and and and we're speaking about you now in third person, but now we're n ...

Core Viewpoint - Multiple CEOs on Wall Street have warned that U.S. stocks may experience a correction of over 10% due to high valuations [1] Market Performance - Major U.S. stock indices opened lower, with the Nasdaq down 1.58%, the S&P 500 down 1.15%, and the Dow Jones down 0.75% [1] Company-Specific Developments - Tesla shares fell by 3.3% after the Norwegian sovereign wealth fund rejected Elon Musk's $1 trillion compensation plan, and October shipments to China decreased by nearly 10% year-over-year [1] - Nvidia's stock declined by 2.4%, while Palantir's shares dropped over 8%, amid rising concerns about an AI bubble, with "big short" Michael Burry revealing an 80% short position in both Palantir and Nvidia [1] - Uber's stock fell by more than 8% as Q3 operating profits fell short of expectations, and the CEO projected that Robotaxi would remain unprofitable for the next few years [1]

Core Viewpoint - Palantir's CEO Alex Karp criticized short-sellers, particularly Michael Burry, for betting against Palantir and Nvidia, arguing that these companies are performing well in the AI sector [1][3][6] Company Performance - Palantir's shares fell approximately 8% in premarket trading despite beating Wall Street estimates for Q3 and providing positive guidance [2] - The company's stock had increased by 173% year-to-date prior to the recent trading session, with a forward price-earnings ratio of 228 [2] Short-Selling Activity - Michael Burry's hedge fund, Scion Asset Management, disclosed put options valued at about $912 million against Palantir and $187 million against Nvidia as of September 30 [3] - Karp suggested that Burry's short positions might be a strategy to exit his investments without incurring significant losses [4] Market Sentiment - There is growing investor caution regarding high valuations in AI-related stocks, contributing to the decline in Palantir's share price [2] - Karp expressed concerns about potential market manipulation related to short-selling activities, emphasizing the strong performance of Palantir [6]

China is in a brutal battle with the United States to gain the upper hand in artificial intelligence (AI) development. ...

Core Insights - Nvidia has signed a €1 billion ($1.15 billion) partnership with Deutsche Telekom to establish an "AI factory" in Munich, aiming to enhance Germany's AI computing power by 50% [1][2] Group 1: Project Overview - The project, named "Industrial AI Cloud," will utilize over 1,000 Nvidia DGX B200 systems and RTX Pro Servers equipped with up to 10,000 Blackwell GPUs to deliver AI inferencing and services to German companies while adhering to local data sovereignty laws [2] - Deutsche Telekom will provide the physical infrastructure, while SAP will contribute its Business Technology platform and applications [4] Group 2: Partnerships and Use Cases - Early partners of the project include Agile Robots, which will assist in installing server racks, and Perplexity, which will leverage the data center for "in-country" AI inferencing for German users [3] - The project will also explore use cases such as digital twins and physics-based simulation for industrial companies [3] Group 3: Industry Context - The partnership aligns with a broader call from the European tech industry for reduced reliance on foreign infrastructure and the promotion of local alternatives, amidst criticism of the EU's regulatory approach to AI [5] - The EU has committed €200 billion to establish "AI gigafactories" focusing on industrial applications, although funding for AI initiatives in Europe remains significantly lower than in the U.S. [6] Group 4: Future Outlook - The project is expected to commence operations in early 2026 and is distinct from the EU's AI gigafactory initiative [7] - Deutsche Telekom's CEO emphasized the importance of AI in enhancing products and reinforcing European strengths in mechanical engineering and industry [7]

Group 1 - The article highlights strong global electric vehicle (EV) sales in Q3, primarily driven by a one-time impact from subsidy changes in the U.S. [1] - In October, a reversal of this trend was observed, with lower EV sales reported [1] - The competitive landscape in China remains intense, indicating ongoing challenges for companies in the EV sector [1] Group 2 - The Cash Flow Club focuses on businesses with strong cash generation, emphasizing the importance of timing in investment for maximizing rewards [1] - The community offers features such as access to a leader's personal income portfolio targeting a yield of over 6%, along with resources for energy midstream, commercial mREITs, BDCs, and shipping sectors [1]