TNB Tech Minute: Nvidia’s $250 Billion Plan To Back Data Center Sends Shares Lower
Summary
NVIDIA shares tumbled after WSJ reported a $250 billion backstop for OpenAI’s data center, raising concerns about circular AI financing. Consequently, Apple reclaimed the top US market cap spot, hitting nearly $5 trillion as NVIDIA’s streak ended. Meanwhile, AstraZeneca remains on track for its 2030 revenue targets despite a recent trial miss, citing adjusted forecasts and strong Q2 cancer drug sales.
Topics discussed
Sponsor intro: Anthropic and Cognition CEO Scott Wu
TNB Tech Minute introduction
NVIDIA stock tumbles over OpenAI financing report
Apple regains top market cap spot ahead of earnings
AstraZeneca on track for 2030 revenue target
Sign-off and morning update teaser
Anthropic ad: Cognition's AI software engineer Devin
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