Technology

Jensen Huang quit as Nvidia's chief executive on November 12 amid an affair scandal with spy concerns, leaving an interim CEO and requests from Congress for him to testify. Cloud companies that rely on one chip supplier may spread orders to other chipmakers. That would help Advanced Micro Devices and hurt Nvidia.

CoreWeave raised its 2026 revenue forecast and secured funding through customer prepayments, convertible bonds, and new credit lines. That makes its $37–39 billion spending plan more likely, supporting orders for Nvidia's AI chips and Micron's memory.

Nvidia's board opened an investigation into CEO Jensen Huang's affair with a woman reported to have spied for China, and the shares fell. The doubts reach Nvidia itself: who leads it, and whether Washington acts. Nvidia is hurt if either question turns against it.

Chip stocks fell to their cheapest valuations since January 2019 on worries about AI spending. That hurts memory makers like Micron, whose earnings investors now doubt. If Micron and its peers slow factory spending, equipment suppliers Lam Research, Applied Materials and KLA lose orders, so the news hurts them too.

OpenAI is now seeking about $20 billion, down from $30 billion. Less cash makes it harder to pay for computing it has already ordered. That hurts Oracle, whose order backlog includes a reported $300 billion OpenAI contract.

Intel warned of weak PC demand in a week of disappointing tech results. Its CEO pointed to costlier memory chips, and MarketWatch adds that corporate IT teams have less to spend on laptops. That likely hurts PC makers HP Inc. and Dell, which pay more for memory and may sell fewer business laptops.

SK Hynix posted record third-quarter profit on AI memory demand and expects shortages to last through 2030. To keep up, it plans to spend significantly more on factories next year. That helps chip equipment makers Lam Research and Applied Materials, which sell the tools those factories need.

Meta announced a $95 billion stock sale on October 26 and raised it to $97.5 billion on October 27, to fund AI infrastructure. That money pays for data centers Meta already planned. Corning, which holds a contract to supply Meta's fiber, benefits from a more secure buildout. Meta's own shareholders are diluted.

Anthropic filed to list on Nasdaq, reportedly aiming to raise about $100 billion. Its filing confirms $161.2 billion of leases it cannot cancel, for equipment involving Broadcom and Google's TPU chips. Fresh listing cash makes those payments more likely, which helps Broadcom.

Intel and Micron led chip stocks higher on October 19 after a selloff. Chipmakers spend on new factory tools when they expect demand to hold, so a calmer mood supports the outlook for the makers of those tools, Lam Research, Applied Materials and KLA.

AI stocks fell hard in the week to October 16 as worries about AI debt grew. CoreWeave borrows heavily to build AI data centers, and its borrowing costs soared. That hurts CoreWeave. It could also hurt Nvidia, which sells chips to data-center buyers like it that pay with loans.

CoreWeave's bonds fell to about 77 cents on the dollar, and insuring its debt got far costlier. That makes new borrowing dearer for CoreWeave, which builds data centers filled with Nvidia chips. So Nvidia could see slower orders from debt-funded cloud renters, which hurts Nvidia.

A hotter-than-expected inflation reading sent US stocks to their worst day in about three months, with chip stocks leading the fall. CoreWeave's bonds also dropped sharply, which makes borrowing for AI data centers costlier. That pressure could reach the server and chip sales of Super Micro and Nvidia.

Samsung expects record third-quarter operating profit of about $80 billion, driven by AI demand for memory chips. Micron, its US rival, gains from the same shortage. The cost lands on PC makers such as HP, who must pay more for the memory in every machine.

Nvidia ships the DGX Spark with half the memory at the same price, while the full-memory version jumped 75% in price. That points to a hard limit on memory supply. The extra profit from scarcity flows to memory makers such as Micron.

Micron's core data center sales hit $18.00B, up 1,041% from a year earlier. It expects total sales of $61.5B in its next fiscal quarter. Growth that steep needs more chipmaking equipment. Lam Research makes the tools that etch and layer Micron's memory chips, so Lam's orders could rise.