Seeking Alpha’s roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks.
- Nvidia (NVDA) is reportedly eyeing boosting production capacity for its H200 AI chips due to strong demand for the product in China.
Leading Chinese tech companies such as Alibaba (BABA) and ByteDance (BDNCE) have already reached out to Nvidia about buying the chips and are expected to place large orders. The Chinese government, however, has not yet decided whether it will allow the chips to be shipped to China, Reuters reported, citing sources close to the matter.
Reuters noted that Nvidia has limited quantities of H200 chips in production as it has been focusing on its new Blackwell and Rubin chips.
The Trump administration greenlighted sales of H200 chips to China earlier this week, ending an export ban that had been implemented over national security concerns. In return, Nvidia is expected to give the U.S. government 25% of the proceeds generated by sales of the chips.
- Coinbase (COIN) is planning to launch products for prediction markets and tokenized equities.
The company will unveil the products on Dec. 17. Its tokenized equities will be launched in-house and not through a partner, according to Bloomberg, which cited a source close to the matter.
Bloomberg noted that Robinhood (HOOD) began offering Kalshi prediction market products earlier this year, while both Robinhood and Kraken (KRAKEN) offer tokenized U.S. stocks and ETFs outside the U.S. Crypto.com and Trump Media (DJT) have also partnered to offer prediction market products.