zerohedge
Financial Blog and News Aggregator
Nvidia’s tabulations, as relayed to the US government, undercounted the number of chips it had sold to Megaspeed via hardware partners by 50,000 units, according to trade records analyzed by Bloomberg.
x.comMixed
The reported 50,000-chip undercount raises questions about Nvidia’s accounting to the government; Nvidia said in December 2025 it located the hardware in additional warehouses but gave no exact count.
Tyler Kendall
Washington Correspondent at Bloomberg Television
The NVIDIA CEO has until November 11 to comply with that request or face potentially a congressional subpoena.
youtube.comSupports
Huang has until Nov. 11 to comply with a House briefing request on the affair and company safeguards or potentially face a subpoena, making congressional scrutiny immediate.
Andrew Martin Johnson
CFO & Chief Legal Officer of AST SpaceMobile
We continue to work on several Q4 revenue opportunities that will ultimately determine where we fall within our guidance range, but have high confidence that revenue acceleration this quarter will result in achievement of our full year 2026 revenue guidance with potential upside.
Supports
Management expresses high confidence in achieving the $150M–$200M FY2026 revenue guide, with potential upside, while Q4 opportunities will determine where revenue lands within the range.
AST SpaceMobile, Inc.
Space-based cellular broadband network
We expect to spend several hundred million dollars of incremental CapEx in 2027 associated with Blacklift.
Challenges
AST expects several hundred million dollars of incremental Blacklift capex in 2027, increasing demands on its $3.2B cash balance during the delayed satellite rollout.
Steve Hou
Head of Research at Silicon Data, AI Compute Markets
Texas alone accounts for roughly a quarter of the planned U.S. pipeline; states with pause or heavy-restriction pledges hold around 40%. ... The AI infrastructure cycle continues, but at a slower pace and higher cost than the pre-election baseline.
x.comSupports
With roughly 40% of the planned U.S. pipeline in states pledging pauses or heavy restrictions, the forecast of costlier AI capacity supports Bitcoin’s relative case against hyperscalers that must spend to scale.
Fireside Alpha
Business, Technology and Investing Interview Digest
Chamath explains ... “I think what it means is we’re going to see a slowdown. And I think what that does is it benefits the hyperscalers because they have existing capacity.
x.comChallenges
The view that a data-center slowdown benefits hyperscalers through existing capacity weakens the argument that their need to spend makes Bitcoin the superior 10-year investment.
Lyn Alden
Investment Strategist, Author of Broken Money
[Replying to Nic Cruz Patane: "This is why Tesla is going all-in on Cybercab"] I’ll fade 500k mile standard lifetimes anytime soon. Would require battery and other overhauls multiple times. ... And when it becomes a large market there will be competition.
x.comChallenges
She disputes standard 500,000-mile lifetimes anytime soon, arguing repeated battery and other overhauls plus eventual competition could erode Cybercab’s projected $50,000 lifetime operating profit.
Jason Calacanis
Founder and CEO of LAUNCH, Co-host of the All-In Podcast
I think autonomy will be: gold medal: Tesla with 40%+ market share Silver: uber and their 30 partners taking ~35% Bronze: Waymo going solo with ~25% [ if Waymo and Uber were to join forces for good, they might be able to steal the gold from Tesla — might ]
x.comSupports
A forecast of Tesla winning 40%+ of autonomy supports the scale of its alternative to car sales, though a potential Uber–Waymo alliance could challenge that lead.
Fireside Alpha
Business, Technology and Investing Interview Digest
Gavin Baker on memory LTAs: ... If you break your LTA, and then in the next two or three years, for any reason, leverage shifts back to the memory guys, you’re out of business. It’s over.
x.comSupports
He argues buyers risk future memory allocations by breaking LTAs, supporting the durability of Samsung’s targeted 60–70% contract coverage even through oversupply.
Jukan
Semiconductor & AI Infrastructure Research at Citrini
Joint design also constrains which HBM gets used, but I don't think it settles who carries the inventory burden when accelerator demand misses. Say the production plan is cut from 1 million units to 800,000. Is the customer obligated to take the 200,000 units' worth, or can the m…
Challenges
He argues HBM design ties may leave inventory risk with suppliers when accelerator demand falls, weakening the earnings protection expected from Samsung’s targeted 60–70% LTA coverage.
Elon Musk
CEO of Tesla, Founder & CEO of SpaceX
Cybercab will do a majority of all passenger miles in any jurisdiction where it is not prohibited by law.
x.comSupports
Musk forecasts Cybercab taking a majority of all passenger miles wherever legally permitted, reinforcing his expectation of a broad market for Tesla's specialized two-seat format.
Elon Musk
CEO of Tesla, Founder & CEO of SpaceX
This is not a case of Cybertruck being unprofitable, as has been misreported by legacy media, but rather that the opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production.
x.comSupports
Musk argues that incremental Cybercab production is worth more than retaining Cybertruck's manufacturing complexity, supporting Tesla's allocation of factory capacity to its purpose-built autonomous format.
Jeff Pu
Technology Equity Analyst at GF Securities
We expect ~5GW space compute capacity by 2028 via ~10k Kessel racks (supply chain ramp 2H27–2028) for SpaceX Space Computing. ... Kessel = compact NVL72: 72 Rubin GPUs at ~4,000W TDP each!!! ... → Single-loop liquid cooling to external radiators
x.comSupports
An unconfirmed forecast of ~10,000 liquid-cooled Rubin racks for SpaceX by 2028 adds a specialized adoption driver, with Hon Hai forecast as sole assembler.
Dow Jones
Real-Time Financial News Wire
Foxconn has said that it expects its AI rack shipments to at least double this year and Vera Rubin racks would enter mass production in the third quarter before shipments in the fourth quarter.
tradingview.comSupports
The stated plan for Rubin mass production in Q3 and shipments in Q4 supports the platform ramp expected to accelerate liquid-cooling adoption; AI rack shipments are forecast to at least double this year.
Michael Monaghan
Partner and Portfolio Manager of the Founders 100 ETF
So for our fund, we're so dedicated and disciplined to investing in founders only as our strategy in FFF that if a founder is to leave our process is to sell the stock. So we certainly don't want to see Jensen go. I think in any shareholder vote, we're quite supportive of Jensen…
Mixed
Says his founder-only fund would sell Nvidia if Huang left and supports retaining him; this establishes conditional selling, while his view that departure is unlikely weighs against the removal forecast.
James Stavridis
Vice Chairman of Carlyle, Chair of the Rockefeller Foundation Board
I don't envy the board of directors there. They're going to have to move with real alacrity, get an outside set of eyes on this and make some, I think, hard decisions.
podcasts.apple.comSupports
Urges Nvidia’s board to act quickly, obtain outside scrutiny and make hard decisions, supporting pressure for board action while acknowledging the allegations may be inaccurate.
Cameron Dawson
Chief Investment Officer of NewEdge Wealth
Positioning has fallen now to the 20th percentile in something like the Deutsche Bank Consolidated Positioning Survey, which means that this volatility has been responded to with people exiting the market, not just rotating within. ... Valuations are down 30% year over year.
podtrac.comSupports
Reports positioning at the 20th percentile and valuations down 30% year over year, evidence of investors exiting that she sees as creating room for a seasonal relief rally.
Mike Wilson
Chief Investment Officer and Chief U.S. Equity Strategist of Morgan Stanley
The good news is that this correction looks much closer to the end than the beginning. ... I would not be surprised to see one more test of last week's lows, perhaps even a break on lower momentum. ... a more hawkish Fed could stretch the bottoming process into December. Equity v…
Mixed
Supports the expected bounce, but a possible retest and a hawkish Fed could stretch the bottoming process into December, keeping the timing choppy.
