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The Marked Chart Wire · Business
HotChip Manufacturing
Nvidia agreed to pay $1.1 billion upfront to secure testing capacity at King Yuan Electronics' new Texas site. The project, which includes $79 million in real estate and $534 million in equipment, aims to begin mass production in April 2027.
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Deals
Nvidia is said to be negotiating to offer financial guarantees for a $45 billion cloud agreement involving Anthropic.
HotIntel
Intel stock fell nearly 17% after hours as the company guided Q4 revenue to $15B-$16B, below the $17B estimate. Gross margins are expected to decline to 37% due to rising memory costs and a persistent PC market slowdown.
Rivian
Rivian reported third-quarter revenue of nearly $2.2 billion, up 38 percent, with the R2 becoming its top-selling model. The company narrowed its adjusted loss to $0.48 per share and raised full-year delivery guidance to 67,000-70,000 vehicles.
HotIntel
Intel shares fell about 10 percent after hours because Q4 revenue and profit forecasts were below expectations. The company cited weak PC demand and supply issues limiting data center output.
Cohere
The AI firm secured new investment from Nvidia and the Canadian government, setting its value above $20 billion.
HotAlphabet Earnings
Alphabet shares fell 13 percent, wiping out about $500 billion in value, after quarterly free cash flow turned negative due to high AI costs. Revenue missed expectations, and the company plans an $85 billion equity raise.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.