Dow Jones crashes 500 points as investors panic over potential AI bubble similarities to dot-com crash while Federal Reserve rate cut hopes plummet from 90% to just 50%, sending major tech stocks including Nvidia, Amazon, Microsoft and Meta tumbling.
OpenAI secures over $1 trillion in computing deals with tech giants including Nvidia, Oracle, and AMD while projecting a staggering $155 billion cash burn, raising serious questions about whether the AI company can generate enough revenue to sustain its massive infrastructure spending spree.
Nebius Group shares skyrocket 40% as the AI infrastructure provider lands a massive $17.4 billion GPU deal with Microsoft, marking the company's first major contract in what CEO expects to be a series of lucrative partnerships with tech giants.
OpenAI's revenue soars past $13 billion annually despite $12 billion quarterly losses, with CEO Sam Altman projecting the AI giant could hit $100 billion by 2027 through massive infrastructure partnerships with Nvidia, Broadcom, and Oracle backed by $1.4 trillion in financial commitments.
Microsoft and Nvidia pour $15 billion into AI startup Anthropic, catapulting the company's valuation to a staggering $350 billion and nearly doubling its worth from September as the tech giants secure massive compute deals worth tens of billions.
Michael Burry's hedge fund places massive $1.1 billion bet against AI giants Nvidia and Palantir through put options, wagering their stock prices will fall in the near term despite the companies' strong AI market positions.
Nvidia CEO Jensen Huang announces staggering $500 billion in AI chip orders through 2026 while reporting third-quarter earnings showing 56% year-over-year growth, with the company securing major deals including $10 billion with OpenAI and maintaining dominant 90% market share in AI processors.
Tokyo-based Sakana AI secures $135 million Series B funding at a $2.65 billion valuation to develop AI models specifically optimized for Japanese language and culture, with plans to expand into defense, manufacturing, and government sectors by 2026.
Peter Thiel's hedge fund completely dumps its $100 million Nvidia stake amid growing investor skepticism about AI market valuations, joining Michael Burry and SoftBank in bearish bets as hedge fund sentiment splits evenly on whether AI companies can prove profitable.
Sakana AI shatters Japanese startup records by achieving a massive $2.6 billion valuation, officially becoming Japan's most valuable unicorn company and cementing its position as the nation's largest unlisted technology startup following its latest funding round worth approximately 400 billion yen.