tech

Rani Molla9/23/25

Wedbush: Nvidia investment in OpenAI is a “watershed moment”

Wedbush Securities analyst Dan Ives thinks Nvidia’s $100 billion investment in OpenAI says a lot of things about the importance of the moment we’re in. It’s a “watershed moment,” a “Ryder Cup moment,” and a “validation sign that the AI Arms Race is heating up among Big Tech firms.” In a note this morning, Ives wrote:

“We believe the AI Revolution is now heading into its next stage of growth as the tidal wave of Big Tech capex spending coupled by enterprise use cases now exploding across verticals is creating a number of AI winners in the tech world. The last few months we have seen a major validation moment for our AI Revolution bull thesis as the cloud stalwarts Microsoft, Amazon, and Google are leading the charge on this unprecedented spending cycle. Nvidia’s recent robust earnings and demand commentary from the Godfather of AI Jensen speaks to the evolution of AI spend now spreading beyond Big Tech to governments, enterprises, energy capacity, and overall infrastructure build outs around the globe.”

He does not consider it a bubble — or at least not yet. “While there are worries about an ‘AI Bubble’ and stretched valuations we continue to view this as a 1996 Moment for the Tech World and NOT a 1999 Moment,” Ives wrote, suggesting the situation is more like the early days of the internet, when there was a lot of investment in internet companies and a lot of experimentation — and when the dot-com bubble bursting was still a few years off.

More Tech

OpenAI is now valued at $852 billion — that’s about 5 Disneys

The company just closed out the biggest funding round in Silicon Valley history, raising $122 billion.

Sam Altman at BlackRock Infrastructure Summit Held In Washington, DC

Claire Yubin Oh

waymo’s world

Waymo’s now serving more than 500,000 paid robotaxi rides every week

The Alphabet-owned company grew its ridership more than tenfold in less than two years.

Waymo Self-Driving Electric Car Sighted In London

tech

Jon Keegan3/27/26

Judge blocks Pentagon’s move to blacklist Anthropic

A federal judge in Northern California has granted a preliminary injunction blocking the Pentagon from labeling Anthropic as a national security supply chain risk.

The ruling temporarily prevents the Defense Department from restricting the AI company’s access to federal contracts amid a dispute over its refusal to allow certain military and surveillance uses of its technology. The designation could also have shifted lucrative government work toward competitors, including OpenAI.

Earlier this month, Anthropic, the company behind Claude, sued 17 federal agencies and their heads, alleging the government exceeded its statutory authority.

tech

Rani Molla3/27/26

Report: SpaceX’s record IPO may grant preferential access to retail investors and Tesla shareholders

SpaceX’s impending IPO could raise $40 billion to $80 billion and rank as the largest ever — as well as one of the most unconventional.

The Wall Street Journal reports several ways CEO Elon Musk is considering breaking with IPO norms:

Investors in his other companies, including Tesla, could receive preferential access to shares.
Individual investors may get a third or more of the allocation, far above the typical ~10% mark.
Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

Exclusive | The SpaceX IPO Will Be Just as Unconventional as Musk Himself

Exclusive | The SpaceX IPO Will Be Just as Unconventional as Musk Himself

Investors in his other companies, including Tesla, could receive preferential access to shares.
Individual investors may get a third or more of the allocation, far above the typical ~10% mark.
Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

tech

Rani Molla3/26/26

Tesla released estimates for Q1 deliveries and they’re lower than analysts expected

Ahead of first-quarter earnings next month, Tesla released its own company-compiled Wall Street consensus estimate for deliveries: 365,645 vehicles. While that’s lower than the 382,000 FactSet consensus estimate, it represents a nearly 9% jump from Q1 2025, when Tesla sold 336,681 vehicles.

Tesla started releasing its own consensus estimates to the public — not just institutional investors — for the first time in Q4 2025. The move was seen as a way to temper investor expectations, as other estimates were too high. Last quarter, Tesla’s compilation was closer to actual numbers, which fell 16% year over year.

The market-implied odds from event contracts suggest 64% of traders think Tesla’s Q1 deliveries will be more than 350,000, 44% think it will be higher than 360,000, and just 21% have it at higher than 370,000.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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