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Trump reportedly told of Huang affair en route to China, contradicting earlier claim
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The New York Times reports that President Trump was told en route to China in May about Nvidia CEO Jensen Huang’s affair with an alleged Chinese spy, contradicting the president’s earlier accounts. Meanwhile, Anthropic has officially kicked off its blockbuster IPO roadshow, targeting a fully diluted valuation of up to $1.4 trillion at a price band of $70 to $78 per share, with plans to list as soon as next week. Neocloud firm CoreWeave expects to reach profitability by 2028 after posting a significant beat on quarterly revenue and lifting its guidance, which has helped ease investor anxieties surrounding its lofty $47 billion debt load. And, in Europe, Siemens Energy reported a surging quarterly net profit of €1.36 billion and is banking on higher margins next year due to relentless demand for AI data centers, with CEO Christian Bruch telling CNBC that he sees absolutely no pullback in the global AI buildout.
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