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SpaceX is reportedly considering an IPO filing, which could be unveiled as soon as today.
Market expectations for NVIDIA's upcoming earnings are for 80% top-line growth and 85% growth in earnings per share.
NVIDIA CEO Jensen Huang stated that demand for the company's products is much greater than the world's overall production capacity.
US officials report that China is blocking its domestic companies from purchasing NVIDIA's H200 chips.
A key question for NVIDIA is whether it can maintain its competitive moat as the AI industry shifts from a focus on training to inference.
SpaceX is reportedly targeting a $75 billion raise in its IPO, which could value the company at over $2 trillion.
SpaceX reportedly plans to acquire the coding startup Cursor within 30 days of its IPO.
In April, SpaceX reached an agreement giving it the right to acquire Cursor for $60 billion later this year.
SpaceX has an alternative to its acquisition of Cursor, which is to pay a $10 billion all-cash breakup fee.
Meta is laying off 8,000 employees as part of a restructuring to reduce costs and invest in AI, with engineering and product teams most impacted.
Amka, a manufacturer for aerospace and defense, has raised a $300 million Series B round, valuing the company at over $1 billion post-money.
Alibaba plans to publicly list its chip business, T-Head, to capitalize on investor demand for Chinese semiconductor alternatives.