Is there room for one more in the Old Boys' Club? Stanley Druckenmiller: 4.61% Ray Dalio: 6.91% Bill Ackman: 9.44% I/O Fund: 15.50%

Astera Labs $ALAB rose 72% above its $36 IPO price, marking the largest first-day gain for an IPO above $500M since June 2021. $INTC $NVDA $AMD $AVGO

Micron $MU reported $5.82 billion in revenue in Q2, up 58% YoY and beating consensus by $470 million. Fiscal Q3 was guided at $6.6 billion, ~10% higher than the $6 billion consensus estimate as strong AI server demand and increasing prices are driving gains.

Micron $MU has kicked off mass-production of its HBM3e memory for use in Nvidia’s $NVDA upcoming H200 GPU. Micron’s HBM3e memory is expected to use up to 30% less power than rivals’ products.

Astera Labs $ALAB is up 56% after pricing its IPO at $36, above its expected range. At $56, the Intel-backed chip connectivity startup would be valued at ~$8.5 billion. $INTC $NVDA $AMD $AVGO

MercadoLibre is planning to invest a record $2.5 billion in Mexico as it works to expand its e-commerce and payments presence in the country. Mexico is increasing its importance to $MELI, contributing more than 20% of revenue in 2023 compared to 12% in 2019. $WMT $AMZN $PDD $P

Samsung Electronics may receive $6 billion in subsidies as it continues construction on its $17B plant in Texas. The larger subsidy amount is expected to help it better compete with TSMC. $TSM $INTC $KLAC $LRCX

In a 2048 configuration, WSE-3 can train a model such as Meta’s Llama 2-70B from scratch in just one day. $NVDA $AVGO $INTC $META $AMD

Intel $INTC is set to receive $8.5 billion in grants and up to $11 billion in loans to help expand its chip production in the US, at its large-scale plants in Ohio and Arizona and smaller plants in Oregon and New Mexico. $TSM $AMD $NVDA

AI automotive has been a core theme at Nvidia’s $NVDA GTC conference this week, with executives from Wayve, Ford, Waabi, Jaguar, and Continental among the speakers. $F $XPEV $MBLY $QCOM

AI chip startup Cerebras Systems unveiled its Wafer Scale Engine 3 (WSE-3), its next gen AI chip with 4 trillion transistors — that’s 50x more than Nvidia’s $NVDA H100 with 80 billion transistors. $AMD $AVGO $INTC

Cisco $CSCO, Dell $DELL, HP Enterprise $HPE, Super Micro $SMCI, and Lenovo are planning to ship servers based on Nvidia's $NVDA new Blackwell lineup.

Nvidia-backed AI startup Together AI raised $106 million in a funding round led by Salesforce, valuing the firm at $1.25 billion. $NVDA $CRM $MSFT $AMZN

Nvidia $NVDA expects Amazon $AMZN, Dell $DELL,  Alphabet $GOOG, Meta $META, Microsoft $MSFT, OpenAI, Oracle $ORCL, and Tesla $TSLA to be among adopters of the Blackwell line.

Coinbase $COIN is planning a $1 billion convertible bond raise on the backs of rising optimism in the crypto markets thanks to Bitcoin’s $BTC surge. The notes will be due in 2030.

1,940 calls on expiring this Friday were Nvidia's $NVDA third most-heavily traded option on Monday, with volume above 33,000. This would require shares to more than double by the weekend.

Despite having <1% dividend yields, Microsoft $MSFT and Apple $AAPL were the top two dividend payers globally last year, as global dividends rose 5% to $1.66 trillion.

Nvidia $NVDA is bringing its Omniverse tech to Apple's $AAPL Vision Pro headset, to allow developers work on Omniverse in an immersive AR/VR environment.

From @verge: "Training a 1.8 trillion parameter model would have previously taken 8,000 Hopper GPUs and 15 megawatts of power, Nvidia claims. Today, Nvidia’s CEO says 2,000 Blackwell GPUs can do it while consuming just four megawatts." $NVDA