Nvidia Stock $186.64: Results 17 Nov, $200 or $172 Next

An investigation by The New York Times found that U.S. regulators approved NVIDIA H200 AI chip sales to Chinese firms with military links, including shell companies operating out of vacant offices. Among the approved entities were New Matrix, linked to a U.S.-blacklisted private equity fund, and Maginfra, suspected of being a front for blacklisted Inspur. The report raises concerns about due diligence in the approval process, with a key briefing scheduled for November 18.

Anthropic, a private AI company, has committed $895.4 billion to future infrastructure agreements. Key suppliers include Broadcom ($161.2B), Alphabet ($121.3B), and Amazon ($110B). Anthropic's Q3 revenue was $17B, with an operating loss of $567M. Suppliers' stocks showed mixed performance post-filing, with CoreWeave down 47.5% in a month. Anthropic's IPO valuation is reportedly falling, adding pressure to finance commitments.

TSMC shares rose 6% after reports that Nvidia requested it explore manufacturing advanced 3D DRAM memory chips, potentially expanding TSMC's role in AI hardware. TSMC is already a key supplier for Nvidia's AI processors. The move could make TSMC a competitor to Samsung, SK Hynix, and Micron in the DRAM market, according to sources.

NVIDIA is reportedly providing billions in funding to Siliconware Precision Industries (SPIL) for additional CoWoS packaging capacity, according to a Reuters report. The funds aim to expand production space and equipment, though details on the amount, structure, and terms were not disclosed. SPIL, part of the ASE Group, is a key supplier in complex semiconductor assembly and testing.

China has stalled imports of Nvidia's H200 AI chips, leaving about 600,000 units in Hong Kong. The U.S. allows exports, but China restricts large-scale imports to boost its domestic chip industry. Major Chinese tech firms like Alibaba and ByteDance have secured limited quantities. Prices for servers with H200 chips have surged in the gray market.

The US approved Nvidia's sale of H200 AI chips to New Matrix, a Chinese company with no apparent operations. The NYT found its office empty and no records of its existence. New Matrix's owners have ties to a US-blacklisted investment firm. Nvidia faced China sales restrictions under Biden, later eased under Trump.