Nvidia, the second most valuable company globally with a market cap exceeding $3 trillion, saw its shares peak at $138.07 before settling at $131.32 due to strong demand for its AI chips, particularly the Blackwell AI chip. CEO Jensen Huang expressed concerns over meeting demand, as major clients like Amazon and Microsoft contribute over 40% of revenue. Despite surpassing analyst expectations last quarter with a 122% revenue growth, Nvidia remains focused on meeting the high demand for its technology.
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Delaware Law Has Entered the Culture War
The corporate law world, typically insular, has become a battleground due to Elon Musk's clash with the Delaware Chancery Court and subsequent moves by Dropbox and Meta to change their incorporation locations. The issue of minority shareholder influence in controlled companies has been amplified as founders like Musk voice their opinions. Delaware's economy and politics are at stake as businesses consider moving away from the state, prompting legislative changes and potential concessions to retain corporate...
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