ByteDance Is Buying Custom Chips From Taiwan Because It Cannot Buy Nvidia’s, Which US Rules Permit
It is weighing capital spending of up to $70 billion this year, more than TSMC's record $64 billion.
Blue Owl’s Stack Seeks $6 Billion Days After Two AI Financings Failed and a Third Was Delayed
Of $578 billion in AI debt issued this year, roughly 60% comes from borrowers without hyperscaler balance sheets.
TSMC Guides to $54.3 Billion and 20 Fabs at Once, in the Same Week a Customer’s Bonds Went Distressed
Chip demand is contracted and real. The leveraged intermediaries buying the chips are a separate question.
Norway’s $2.3 Trillion Fund Is Told to Exclude Fewer Companies and Allow Some Nuclear Weapons Producers
It owns almost 1.5% of every public company on earth, so reinclusion means a guaranteed buyer of that size.
A Data Center Developer Is Paying Kansas Households $1,000 a Year for a Decade, Which Is About $83 a Month
The project covers 1,400 acres and will support 250 permanent jobs. Community payments are becoming a standard development cost.
BofA Kept a Client Generating $6 Million a Year Over Compliance Objections. The Fine Was $1.21 Billion
A 200,000-case backlog, 33,000 wires with wrong sender names, and a bond portfolio back above $100 billion in paper losses.
Chip Stocks Shed $1 Trillion After September Inflation Ran Hottest Since April on Fuel Costs
The chain is complete: Hormuz to fuel prices to CPI to rate expectations to the longest-duration equities in the market.
CoreWeave’s Bonds Fall Below 80 Cents With Swaps Pricing a Coin Flip on Default, a Week After Firmus Used It as the Valuation Benchmark
The comparable that made other AI infrastructure valuations look conservative is now itself distressed.
The UAE Pumped a Record 5.3 Million Barrels a Day and Still Drained Its Inventories to an All-Time Low
Record output at near-maximum capacity with no stock cushion left means a producer with no remaining flexibility.
California Utilities May Cut Power to 316,000 Customers This Week, Because Not Delivering Electricity Is Now Cheaper Than the Liability
The state is banning data centres politically while being unable to guarantee uninterrupted power physically.
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