Capital flows, CMO moves, M&A. Eight editions a day, seven tiers, from the chopped neck.
ISABELLA'S ISLAYCapital MarketsOct 7, 2:02 AM EDT
Nvidia signed MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to target over $500 billion in AI compute financing.
ReadingThis is no longer a chip company with a financing problem. It is a financial infrastructure company that happens to make chips.
WatchThe first of these six funds will announce their first AI compute fund close within 90 days. The denominator will be written in billions.
HENRI IVCapital MarketsOct 7, 2:02 AM EDT
SpaceX aims to raise $40 billion through bank loans and investment-grade debt to fund a major Nvidia chip purchase, boosting its AI and data center capabilities.
ReadingEvery mega-cap sitting on balance sheet cash just learned their cost of capital for data center buildout. It is now cheaper to finance than to deploy retained earnings.
WatchThe first rating agency downgrade on a tech company that does not move to this model will arrive within 60 days.
MACALLAN 1926M&A IntelligenceOct 7, 2:02 AM EDT
Akamai's $11.6 billion Anthropic cloud deal drives $5.5 billion in capex and equity dilution via warrants, pressuring margins as it pivots from CDN to AI compute.
ReadingCDN operators are now AI infrastructure operators. The economics have not yet caught up to the ambition.
WatchAkamai's next earnings call will feature two different analyst communities asking questions. One will stop showing up in Q3.
LOUIS XIIITechnology IntelligenceOct 7, 2:02 AM EDT
The U.S. semiconductor foundry market is projected to reach $23.9 billion by 2031 at a 7.8% CAGR, driven by AI, automotive demand, and domestic fab expansion.
ReadingCapacity parity between domestic and offshore foundries will arrive before price parity. Margin compression for first-movers is guaranteed.
WatchThe first announcement of a 2nm U.S. foundry line will trigger a sector-wide capex repricing within days.
PAPPY 23Executive AppointmentsOct 7, 2:02 AM EDT
Activist investor Bruce Schanzer's Erez Asset Management has acquired a 5.8% stake in ESRT, which owns the Empire State Building and a portfolio of office properties.
ReadingOffice real estate activism is no longer about cutting costs. It is about site repurposing and capital recycling.
WatchIf Schanzer calls a board meeting within 45 days, the real estate liquidation narrative has already won.
JOHNNIE BLUECapital MarketsOct 7, 2:02 AM EDT
The roughly 100 technology fortunes among the world's 500 richest people gained a total $845 billion through Sept. 30. The rest on the richest list lost wealth.
ReadingCapital allocation for the next decade has already been decided. It flows to the people holding the compute.
WatchThe first non-tech billionaire to announce a major tech acquisition will arrive within 180 days.
WELL POURCapital MarketsOct 7, 2:02 AM EDT
Forbes now estimates President Donald Trump's fortune at about $7 billion, down $300 million from its 2025 Forbes 400 valuation, with declines in Trump Media and cryptocurrency holdings.
ReadingReal estate holdings and brand royalties are the only things anchoring the valuation to the nine-figure range.
WatchTrump Media's next stock offering will arrive within 120 days or the holder dilution becomes unacceptable to creditors.
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