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Matt Phillips

Data center water-cooling stocks sink after Nvidia’s Huang says new AI racks won’t need this equipment

Nvidia CEO Jensen Huang’s comments weighed on data center cooling plays Johnson Controls, Carrier, and Trane Technologies.

As part of Monday evening comments at the Consumer Electronics Show — a headline-making tech trade fair held annually in Las Vegas — Huang boasted that despite having twice the power of its earlier Grace Blackwell GPU, Nvidia’s Vera Rubin unit can be cooled by water at much higher temperatures, eliminating the need for water-chilling equipment at data centers.

“We’re basically cooling this supercomputer with hot water, it is so incredibly efficient,” he said.

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Tasha Matsumoto
11h
S&P 500 closes lower after notching new intraday high

The Nasdaq 100 eked out a small gain, while the Russell 2000 fell.

CHICAGO, ILLINOIS - NOVEMBER 17: Mascot Staley Da Bear of the Chicago Bears runs onto the field prior to an NFL football game against the Green Bay Packers at Soldier Field on November 17, 2024 in Chicago, Illinois.
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Matt Phillips

Blackstone and Invitation Homes get hammered as Trump calls for ban on Wall Street buying single-family homes

Shares of Blackstone and Invitation Homes dove early Wednesday afternoon after President Trump called on Congress to pass a law banning large institutional investors from buying single-family homes.

Blackstone and Invitation Homes are some of the largest owners of private homes in the country. Homebuilders including PulteGroup, DR Horton, and Lennar also stumbled on the news.

Nationwide, institutional investors own a small share — less than 1%, according to the right-leaning American Enterprise Institute — of US single family homes, which has led some to argue that they have had a relatively small impact on housing prices. But their concentration in particular markets, such as Atlanta, Dallas, Houston, and Charlotte, has prompted others, like center-left think tank Third Way, to argue that their purchases can have an effect on specific markets, neighborhoods, or certain types of houses.

Donald J. Trump (@realDonaldTrump)

Blackstone and Invitation Homes are some of the largest owners of private homes in the country. Homebuilders including PulteGroup, DR Horton, and Lennar also stumbled on the news.

Nationwide, institutional investors own a small share — less than 1%, according to the right-leaning American Enterprise Institute — of US single family homes, which has led some to argue that they have had a relatively small impact on housing prices. But their concentration in particular markets, such as Atlanta, Dallas, Houston, and Charlotte, has prompted others, like center-left think tank Third Way, to argue that their purchases can have an effect on specific markets, neighborhoods, or certain types of houses.

markets
Matt Phillips

Intel surges amid CES announcements, Mobileye news

Intel surged to a new 52-week high in early trading, though it gave back a large chunk of the early gains by the afternoon. There were few headlines that could clearly explain the run-up of gains, which peaked around 11%.

One potential driver of the move might be optimism surrounding the company’s unveiling of a new line of processors at the Consumer Electronics Show on Tuesday.

Another possible candidate was the reflected glow of a deal announcement from Mobileye, the autonomous driving company that Intel holds a significant stake in.

Mobileye initially rose after buying Mentee — an artificial intelligence robotics company — for $900 million in cash and stock in a deal that’s expected to close this quarter.

(Intel spun off Mobileye in 2022, but retained a controlling stake in the company.)

Finally, news that Qualcomm is perhaps looking to use contractors outside Taiwan for its next-generation chip — though it’s reportedly speaking to Korea’s Samsung for that, not Intel — may be raising hopes that chipmakers looking to diversify away from Taiwan could become customers for Intel’s troubled contract chipmaking division.

But again, there’s no clear reason to point to for its outperformance on Wednesday.

Mobileye Acquires Startup Mentee Robotics for $900 Million

Mobileye Acquires Startup Mentee Robotics for $900 Million

Mobileye initially rose after buying Mentee — an artificial intelligence robotics company — for $900 million in cash and stock in a deal that’s expected to close this quarter.

(Intel spun off Mobileye in 2022, but retained a controlling stake in the company.)

Finally, news that Qualcomm is perhaps looking to use contractors outside Taiwan for its next-generation chip — though it’s reportedly speaking to Korea’s Samsung for that, not Intel — may be raising hopes that chipmakers looking to diversify away from Taiwan could become customers for Intel’s troubled contract chipmaking division.

But again, there’s no clear reason to point to for its outperformance on Wednesday.

Toby Bochan
15h
Managing futures risk: Understanding how much you stand to make or lose

The leverage futures offer can cut both ways.

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FINAL BOSS
15h

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Luke Kawa
US-AI-SCIENCE-NVIDIA

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