Intraday highAt the close
7 Min Read
Amazon earns the right to buy 25 million Qualcomm shares at $161.26 as it buys Qualcomm's AI chips; only 15% of it vested at signing. The $60 billion in the headlines is not an order but the purchase ceiling that would unlock the whole grant.
QCOM · Since The Event+ 9.14%ReadAugust 2023 funding roundSeptember 2026 acquisition price
10 Min Read
Nvidia is paying $12.93 billion for Hugging Face, the catalogue where open AI models are distributed to 18 million developers and 200,000 companies. The company says the platform will stay open and neutral, but no regulatory decision or contractual condition makes that binding.
NVDA · Since The Event− 2.88%ReadQ2 FY2026Q3 FY2026
8 Min Read
The company's quarterly AI chip revenue reached $16.7B — on its own more than Broadcom earned from every business combined a year earlier. Gross margin fell from 77.1% to 74.9% in the same quarter, and fourth-quarter guidance carries the first decline in operating margin too, driven by the share of revenue coming from custom chips built for Google, Meta and OpenAI.
10 Min Read
OpenAI published the first measurements of Jalapeño, the chip it built with Broadcom, claiming up to 1.9x the tokens per kilowatt of Nvidia's GB300. Most of that advantage comes not from the chip but from a power draw that is half as large.
NVDA · Since The Event+ 4.54%Read9 Min Read
The debt funding Broadcom's AI chips sits inside a special-purpose vehicle and never reaches the company's own statements. Only the borrowing stays off the balance sheet; the risk sits in the footnotes, under the name residual value guarantee.
Early June, 52-week highAugust 19 close
9 Min Read
Marvell issued Google a warrant on 58.97 million shares; full vesting requires Google to buy $120 billion of chips. Nothing in the agreement obliges Google to buy anything, and it was Broadcom that lost $87 billion of market value.
9 Min Read
AMD acquired Toronto-based Taalas, whose chips etch model weights directly into the die. The next day AMD fell 2% and Nvidia rose 4% — here is the arithmetic behind that inversion, and behind the memory wall it targets.
