US Tech Wake-Up: Your No-BS Morning Briefing

Nvidia just plunged twenty-two percent over the past month down to one hundred eighty-seven dollars, wiping out over a trillion dollars in market value. In episode 140, we tracked the opening shockwaves of the board probe into CEO Jensen Huang; now Capitol Hill is turning that personal fallout into concrete policy. Look, here is the morning sweep across tech. First, Google revealed its new TPU eight-t-x AI chip, tapping A.M.D.’s fifth-generation EPYC processors for confidential computing, sending A.M.D. shares up eleven percent. Next, Meta slashed eight thousand positions and scrapped six thousand planned hires, even as it budgets up to one hundred thirty-five billion dollars for AI capital expenditures. Over in hardware supply, Entegris approved a five hundred million dollar share buyback alongside plans for a ten percent dividend bump in early 2027.

Meanwhile, Anthropic begins marketing its massive public offering today, though investor valuation targets dropped from two trillion dollars down to around one point one trillion. And auto regulators just opened a fresh inquiry into Alphabet’s Waymo over persistent school bus safety violations. Now, let’s get into the REAL fight brewing over Nvidia. Wall Street is split right down the middle. Aletheia Capital downgraded the stock to Hold and yanked its three hundred forty dollar target. But Goldman Sachs isn't budging at all — they just reiterated their Buy rating with a three hundred dollar target! Of sixty-two analysts covering the company, fifty-nine still say Buy. But Washington does not care about price targets. Here’s the thing — and — and the political blowback is moving waaay faster than the trading desk expected.

Senators Elizabeth Warren and Jim Banks issued a joint statement demanding decisive action on three specific bills inside the defense authorization package: the AI Overwatch Act, the Chip Security Act, and the Match Act. Wait, you know what hurts most? Nvidia was the primary opponent lobbying against those exact export and tracking bills. Um, until recently, Huang insisted illicit chip diversion wasn't happening. Now, lawmakers are using his security probe as direct leverage to LOCK DOWN China’s access to advanced silicon once and for all. So, while Goldman treats this selloff as a discount, Congress sees a wide-open window to rewrite export rules. The market can debate valuations all morning, but the regulatory perimeter around American AI just permanently shrank.