dinogreeves
18 hours ago
It's definitely plausible, Elon did it to $MSFT and Gates did it to $TSLA to the tune of 500 million dollars. In the current situation we are in now, it is essentially no mans land. Half the congress and senate probably do it too. Here is the worse one, George Soros, shorts stocks and ruin Countries and ruin peoples livelihood (disgusting individual) Both Eric and Donald J Trump Jr, or are on the advisory board of $DOMH, talk about no mans land where anything goes.
Iseedafuture
1 day ago
Call me inexperienced because I have a day job but back in 2013-14 they doomed Apple, nothing new on the horizon and the stock started selling off. I kept buying, monthly and weekly. Been through the 7:1 and 4:1 splits with Apple and have sold just a few 100 shares after accumulating 22,000 shares. Same with NVDA, buy it since 2017 and been through the splits and now have 42,000 shares. Point is, everybody and their mother were screaming, had I just held on. Well I'm back to buying NVDA because it's Apple of 2013!!!! See you in the Carribean if you stay with NVDA!!!!!!!! Will sell in 2027!!!!
4retire
2 days ago
CoreWeave files for IPO……. CoreWeave, a provider of cloud-based Nvidia
processors to companies including Meta
and Microsoft
, is headed for the public market.
In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, 62% of CoreWeave’s revenue came from Microsoft. CoreWeave filed to trade on the Nasdaq under ticker symbol “CRWV.”
In the fourth quarter, CoreWeave generated $747.4 million of revenue, with a gross margin, or the revenue left after accounting for the cost of goods sold, of about 76%. The company recorded operating income of $112.7 million, but a net loss of $51.4 million, due to interest expenses.
Originally known as Atlantic Crypto, CoreWeave got its start in 2017 by offering infrastructure for mining the ethereum cryptocurrency. After digital currency prices fell, the company bought up additional graphics processing units (GPUs) and changed its name to CoreWeave, with an increasing focus on graphics rendering and artificial intelligence.
“We quickly started getting inundated with introductions to businesses dependent upon GPU acceleration with a common pain point: legacy cloud providers make it extremely difficult to scale because they offer a limited variety of compute options at monopolistic prices,” co-founder and CEO Michael Intrator wrote in a 2021 blog post.
Intrator controls about 38% of the company’s voting power before the offering. Hedge fund Magnetar controls 7%, while Nvidia has 1%, the filing showed.
At the end of 2024, CoreWeave’s fleet included over 250,000 Nvidia GPUs, with a majority using the previous-generation Hopper architecture, according to the filing. Nvidia’s Blackwell GPUs were in full production as November. Last year, Elon Musk startup xAI quickly wired up a data center cluster in Tennessee housing 100,000 Nvidia GPUs. CoreWeave does not offer GPUs from rival AMD
.
Running data centers full of GPUs requires considerable energy. CoreWeave had 360 megawatts in active power, and a total of 1.3 gigawatts had been contracted, the filing said.
Morgan Stanley
is leading the offering, with help from JPMorgan Chase
and Goldman Sachs
.
CoreWeave will be attempting to enter the public market during a historically slow stretch for tech offerings.
When cloud software vendor ServiceTitan
hit the market in December, it market the first significant venture-backed tech IPO since Rubrik’s debut in April. A month before that, Reddit started trading on the New York Stock Exchange.
There haven’t been many other tech IPOs of note in the U.S. since late 2021, when rising interest rates and soaring inflation pushed investors out of risky assets.
Within the AI infrastructure market, one other name of interest is Cerebras. The chipmaker filed to go public in September, but the process slowed down due to a review by the Treasury Department’s Committee on Foreign Investment in the U.S., or CFIUS.
CoreWeave gained popularity after OpenAI released ChatGPT in late 2022, because the company could quickly provide GPUs to businesses in need. Microsoft, whose Azure cloud unit has supplied computing power to OpenAI, started working with CoreWeave in 2023 to meet OpenAI demand.
“What happened In November of ’22, like, that was just a bolt from the blue, right?” Microsoft CEO Satya Nadella said on a podcast released in November with investors Brad Gerstner and Bill Gurley. “So therefore, we had to catch up. So we said, Hey, we’re not going to in fact worry about too much inefficiency.”
Nadella described the GPU cloud leasing as a one-time event, saying Microsoft was no longer short on chips. But on a more recent podcast, the Microsoft chief said the company builds and rents heavily and will still be leasing in 2027 and 2028.
In addition to being CoreWeave’s top client, Microsoft is also a competitor, along with Amazon
, Google
, Oracle
, and some smaller providers such as Crusoe and Lambda.
Nvidia relies on Taiwan Semiconductor Manufacturing Co.
for GPU fabrication, and military conflict involving China and Taiwan could pose issues for CoreWeave, the company said in Monday’s filing.
4retire
2 days ago
NVDA’s reply about bootlegged Blackwell systems being illegally sold to a restricted country:
When reached, an Nvidia spokesperson provided the following comment: “AI datacenters are among the most complex systems in the world. Anonymous traders cannot acquire, deliver, install, use, and maintain Blackwell products in unauthorized countries. Customers want systems with software, services, support, and upgrades- none of which anonymous traders claiming to possess Blackwell systems can provide. We will continue to investigate every report of possible diversion and take appropriate action.”
4retire
2 days ago
Exclusive: Nvidia and Broadcom testing chips on Intel manufacturing process, sources say
Summary
Tests show chip designers moving closer to manufacturing decision
Intel's contract manufacturing business faces delay to mid-2026
Intel foundry revenue expected to remain low until at least 2027
Chip designers Nvidia (NVDA.O) and Broadcom (AVGO.O) are running manufacturing tests with Intel (INTC.O), two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.
The two tests, which have not been reported previously, indicate the companies are moving closer to determining whether they will commit hundreds of millions of dollars' worth of manufacturing contracts to Intel. The decision to do so could generate a revenue windfall and endorsement for Intel's contract manufacturing business that has been beset by delays and has not yet announced a prominent chip designer customer.
Advanced Micro Devices (AMD.O) is also evaluating whether Intel's 18A manufacturing process is suitable for its needs but it was unclear if it had sent test chips through the factory. AMD declined to comment.
An Intel spokesperson said, "We don't comment on specific customers but continue to see strong interest and engagement on Intel 18A across our ecosystem."
The tests by Nvidia and Broadcom are using Intel's 18A process, a series of technologies and techniques developed over years that is capable of making advanced artificial intelligence processors and other complex chips. The 18A process competes with similar technology from Taiwan's TSMC, which dominates the global chip market.
Nvidia declined to comment. Broadcom did not respond to a request for comment.
These tests are not being conducted on complete chip designs but are instead aimed at determining the behavior and capabilities of Intel's 18A process. Chip designers sometimes purchase wafers to test specific components of a chip to work out any kinks before committing to producing a full design at high volume.
Testing is under way and can last months. It is unclear when the tests started.
However, manufacturing tests are no assurance that Intel will eventually win new business. Last year, Reuters reported that a batch of Broadcom tests disappointed its executives and engineers. At the time, Broadcom said it was continuing to review Intel's foundry.
The early endorsement is happening against the backdrop of potential further delays in Intel's ability to deliver chips for some contract manufacturing customers that rely on third-party intellectual property, according to two additional sources and document
4retire
2 days ago
Nvidia's unofficial exports to China face scrutiny after arrest of silicon smugglers in Singapore
Authorities in Singapore detained three people on charges of deliberately misrepresenting the final destination of U.S.-manufactured servers.
The servers likely contained Nvidia's highly sought-after chips.
Singapore accounted for 18% of Nvidia's revenue in the fiscal year ended Jan. 28, based on "customer billing location," but less than 2% of revenue in terms of products shipped to the country.
Alarm bells went off in 2024 when Singapore unexpectedly emerged as Nvidia's second-largest revenue source. The disclosure fueled widespread speculation that Nvidia's artificial intelligence chips were being channeled to China.
Those concerns intensified in January after China's DeepSeek burst onto the international AI scene due to the sophistication and reported cost-effectiveness of its model. DeepSeek's AI is trained on Nvidia's graphics processing units despite export restrictions designed to keep the technology out of China.
Singapore has been working to dismantle a shadow network trafficking Nvidia's cutting-edge AI chips, and late last week, authorities there detained three people on charges of deliberately misrepresenting the final destination of U.S.-manufactured servers, likely containing Nvidia's highly sought-after chips.
Singapore's Home Affairs and Law Minister K Shanmugam revealed Monday that servers from Dell and Super Micro Computer were shipped to Malaysia, raising the critical question: Was Malaysia truly the final destination?
Nvidia declined to provide comment on any of these developments.
Nvidia shares tumbled almost 8% on Monday and are now down 14% in 2025, a slide that's pushed the company's market cap below $3 trillion. Super Micro shares fell 11% on Monday, and Dell's stock was down about 6%.
While Singapore has firmly rejected allegations of serving as a conduit to China, Nvidia highlighted a crucial distinction in what it means to be a customer in its annual report filed last week.
Singapore accounted for 18% of Nvidia's total revenue, approximately $24 billion, in the fiscal year ended Jan. 28, based on "customer billing location," but less than 2% of revenue, about $473 million, in terms of products shipped to the country.
"Customers use Singapore to centralize invoicing while our products are almost always shipped elsewhere," Nvidia said in its annual report.
The arrests in Singapore demonstrate that a sophisticated network of resellers continues to operate despite increasing scrutiny.
Analysts at Mizuho warn that any comprehensive ban on Nvidia chip exports to China could eliminate $4 billion to $5 billion from Nvidia's projected revenue for this fiscal year. The company said on its fourth-quarter earnings call that data center sales in China as a percentage of total data center revenue "remained well below levels seen on the onset of export controls."
As digital borders harden between East and West, silicon smugglers may find new routes. But the race for AI dominance ensures this high-stakes game will continue, with implications far beyond corporate earnings.