gm.
midweek catch-up. five things that moved since monday.
the 5
1. nvidia just lined up $500 billion in wall street financing for AI.
on monday, jensen huang (nvidia CEO) announced a new financing platform that will mobilize over $500 billion in outside capital to build AI infrastructure. the partners are basically every major wall street name: goldman sachs, blackrock, blackstone, apollo, brookfield, and KKR.
the wild context: apollo's president pegged the total AI capex bill at $8 trillion. jensen also declared that AI companies "will be extremely profitable within months." this is another giant financing deal on top of last week's google-anthropic $150 billion arrangement. wall street is not slowing down on AI.
2. coreweave just crushed earnings.
on tuesday, coreweave (the AI cloud company that rents nvidia GPUs to companies like microsoft, openai, and meta) reported blowout Q2 earnings. revenue came in at $2.58 billion, more than double last year. stock jumped 11% in after-hours trading. the company also has $104 billion in contracts booked out over the next several years, including a new $21 billion deal with meta.
why it matters: coreweave was one of the AI infrastructure stocks that leopold's fund got wrecked on two weeks ago. this quarter proves the AI compute business is generating real revenue at scale, and that the "AI is generating actual revenue" argument now applies to the infrastructure layer too.
3. a chinese robot maker's IPO got oversubscribed 5,526 times.
on monday, unitree robotics (a chinese humanoid robot company) went public on the shanghai stock exchange. the retail portion of the offering got oversubscribed 5,526 times. chinese retail investors put in about $1.2 trillion in orders chasing just $904 million in available shares.
context: unitree ships more humanoid robots than any other company in the world. the IPO values it at about $9 billion. chinese retail investors are going all-in on robotics as the "next AI trade." the level of enthusiasm here is genuinely off the charts. it's also a reminder that when the US banned chinese humanoid robots two weeks ago, china's market did not slow down at all.
4. trump's truth social is now selling $100,000/month API access to hedge funds.
trump media launched a paid data feed called "Truth API" that lets wall street firms get access to trump's posts faster than the general public. the price: $100,000 per month. traders regularly bet real money on trump posts (tariff threats, deal announcements, cabinet changes), so faster access is worth real money.
senators elizabeth warren and adam schiff have asked the SEC to investigate whether this creates insider trading risks. trump media says the service is just faster distribution of already-public information. worth watching how this plays out. it's the first time a president's personal social media has been directly monetized as a wall street data product.
5. new york and texas just joined the fight against new data centers.
the information reported this week that over 500 US jurisdictions have now passed bans or restrictions on new data centers. new york governor kathy hochul signed executive order 62, freezing permits on any new data center over 50 megawatts for a full year. texas governor greg abbott halted approvals for about 1,800 pending data centers (covering 474 gigawatts of power requests) pending audits.
why: local communities are pushing back on grid strain, water usage, noise, and property values. AI's biggest bottleneck isn't chips or capital anymore, it's actually the ability to get communities to say yes. this is the counterweight to story 1's $500B wall street financing. money is easy. permits are hard.
see you monday.
not financial advice. aggregated community trends and commentary.