Nvidia Just Reshuffled Its $99 Billion Portfolio, and 1 Stock Moved Up the Ranks

MediaTek launched the Dimensity 9600 Pro using TSMC's 2nm technology, marking the first flagship mobile chip with this process. TSMC's 2nm contributed 3% of wafer revenue in Q2, with expectations of a steep ramp in H2. Nvidia invested $3.5B in MediaTek, expanding their partnership. TSMC's margins may be diluted by 3-4% due to 2nm ramp costs. Hedge funds increased stakes in both TSMC and Nvidia.

Samsung and other investors backed Dutch AI chip startup Euclyd with $231M in funding. Euclyd aims to develop AI chips and systems as alternatives to Nvidia's GPUs, focusing on inference. The company plans to launch physical systems in 2028 and serve enterprise customers by 2030, leveraging Samsung's semiconductor expertise.

Nvidia (NVDA) acquired Hugging Face for $12.9 billion, expanding into AI model hosting and development. Hugging Face offers a platform for pre-trained AI models and libraries, primarily free. The acquisition aims to steer developers toward Nvidia's ecosystem, potentially increasing hardware sales and market share in AI development.

China's state media criticized a proposal to slow AI development, calling it a 'Cold War' tactic. Z.AI is raising $5 billion to accelerate AI. Alibaba (BABA) is funding China's AI stack, while Nvidia (NVDA) faces export controls. Alibaba reported strong AI Cloud and Compute Services revenue growth. U.S. officials accused Chinese labs of illicit model distillation, which China denied.

Salesforce (CRM) launched Koa, an AI reasoning model developed with Nvidia (NVDA), to handle enterprise tasks internally. Koa, built on Nvidia's Nemotron 3 Super, outperforms competitors in Salesforce's internal benchmark. The model is in pilot testing with several companies and will be generally available in Winter 2026. Salesforce's Agentforce platform, which includes Koa, reported $1.5 billion in annual recurring revenue, up 240% year over year. CRM shares were down 0.17%, while NVDA shares r

AI chip stocks fell after leaders of Anthropic, OpenAI, and Elon Musk called for slowing advanced AI model development. Nvidia dropped 3.36%, AMD, Intel, and ASML each lost over 6%. The Philadelphia Semiconductor Index declined 5.86%. OpenAI also abandoned IPO plans for 2026.