Nvidia Says It Will Double Chip Sales Next Year. The Supply Chain Is Where That Gets Decided.

Big Tech companies, including Meta, Broadcom, and Nvidia, have provided up to $300B in guarantees for AI data centers and chips, helping to finance projects without recording most as debt. These guarantees support asset values but may obscure potential liabilities. Morgan Stanley estimates seven major firms have over $3.1T in off-balance-sheet commitments. Credit agencies are monitoring these guarantees.

Apple (AAPL) launched iPhone 18 Pro models with higher price points, marking its first major release under CEO John Ternus. Bank of America analyst Wamsi Mohan reiterated a Buy rating with a $370 price target, citing strong upgrade cycles and AI opportunities. Apple is reportedly developing AI servers using Nvidia's (NVDA) NVLink Fusion technology. Samsung (SSNLF) reclaimed the top spot in global smartphone shipments. Elon Musk's xAI and X Corp dropped Apple from their antitrust lawsuit.

Nvidia (NVDA), AMD (AMD), and Intel (INTC) are rising in pre-market trading due to AI chip demand and sector developments. Intel is in talks with SK Hynix (SKHY) about its Ohio facility. Nvidia's CEO will attend a Trump-Xi meeting, potentially impacting its China business. AMD shows strong demand, with Piper Sandler setting a $600 price target. Intel has a $165 target from Melius Research, citing its foundry business.

IFM Investors and AI Infrastructure Partnership, including BlackRock's GIP, Nvidia, Microsoft, and Abu Dhabi's MGX, have added Azure Capital to their advisory team for a bid on Stack Infrastructure's Asia-Pacific data centers, valued at over $28 billion. Blue Owl Capital, which owns Stack, is reviewing first-round offers but has not yet approved the auction's second stage.

Doosan Corp. will invest $700M to expand AI chip substrate material production. SK Hynix considers a memory plant in Japan. Samsung Electronics agreed to supply HBM4 chips to AMD. SK Hynix to send HBM4 samples to Nvidia. These moves aim to bolster positions in the AI semiconductor and memory markets.

NVIDIA Corp (NVDA) CEO Jensen Huang and his wife’s trust donated 438,000 shares, valued at $97.35M. The stock rose 1.34% to $222.27. GuruFocus rates NVIDIA 43.2% undervalued with a GF Value of $391.63 and a GF Score of 95/100. Insiders withheld $34M in shares for taxes.