Tobias

.Coinbase will launch an in‑house prediction‑market platform powered by Kalshi, announced at its Dec. 17 “Coinbase System Update.” The partnership, non‑exclusive but sole at launch, aims to broaden Coinbase’s product suite amid waning crypto sentiment and competition from Robinhood, Gemini and Kraken. Integrating Kalshi’s hybrid on‑chain/off‑chain contracts offers high‑margin revenue and regulatory compliance via Kalshi’s CFTC‑registered status. Success depends on robust technology, regulatory navigation, and user demand for diversified assets such as tokenized equities and event‑based contracts.

Sen. Amy Klobuchar warned that the White House’s new executive order—directing the Attorney General to challenge state AI statutes and the Commerce Department to catalog “onerous” regulations—is “the wrong approach” and likely illegal. The move, backed by OpenAI, Google and Andreessen Horowitz, aims to curb state‑level AI bans but faces criticism from consumer groups and legal experts who say it can’t preempt state law and will spark lawsuits. Meanwhile, state laws in Colorado and California push for consumer protections, and the order also permits limited Nvidia chip sales to China, adding market uncertainty.

Oracle refuted a Bloomberg report that its OpenAI data‑center rollout would slip to 2028, insisting all milestones remain on schedule despite labor and material shortages. The claim sent Oracle shares down over 4% after hours. The $300 billion, five‑year partnership with OpenAI aims to add 10 + gigawatts of AI compute, while Nvidia and Broadcom negotiate hardware deals. Supply‑chain constraints are pushing hyperscalers toward modular designs. Oracle sees the deal as a revenue‑diversification boost, offering integrated database‑cloud solutions and a high‑profile reference to attract more AI customers.

Broadcom’s shares fell ~11% despite a strong Q4 earnings beat and raised full‑year guidance. Investors reacted to two concerns: CEO Hock Tan’s non‑committal view on customers designing their own chips, and CFO Kirsten Spears’ warning of lower gross margins as more third‑party components are shipped. Analysts argue these issues are overstated; Broadcom’s custom silicon serves major AI customers (Alphabet, Meta, TikTok, Anthropic) and its large AI‑enabled infrastructure market offers ample growth. With robust cash flow and a record $413 stock price, the dip may present a buying opportunity.

that.Rivian’s first Autonomy and AI Day in Palo Alto showcased its in‑house RAP1 silicon chip and an upgraded AI‑driven software stack aimed at “personal Level 4” autonomy. The company promised OTA updates to its hands‑free system and hinted at chip licensing revenue. Shares fell 6% after the event but rebounded over 15% the next day; Needham lifted its price target 64% to $23, citing the technology rollout, while other analysts remained cautious about demand weakness, the loss of the EV tax credit and liquidity pressures. Rivian ends Q3 2025 with $7.7 billion in cash.

.Broadcom’s quarterly revenue rose 28% and AI‑chip sales jumped 74%, beating forecasts, but its shares slid 11% amid a broader AI‑related market pullback that also dented the Nasdaq and S&P 500. Analysts view the dip as a buying opportunity, raising price targets to $450 and highlighting Broadcom’s $73 billion AI order backlog and its role as a key chip supplier to Google, Meta, Anthropic and eventually OpenAI. The company expects AI‑chip revenue to double to $8.2 billion this quarter, though higher component costs may pressure margins. Oracle and CoreWeave similarly suffered steep declines.

words.U.S. equity markets hit fresh highs as the S&P 500 and Dow Jones closed at record levels, while the Nasdaq lagged amid weakness in AI‑linked stocks. Oracle’s shares tumbled nearly 11% after a miss on revenue and rising AI‑related costs, pulling down Nvidia and Micron. Broadcom beat earnings but slipped 4.5% in after‑hours trading, citing concerns over Google’s in‑house production and memory‑price pressure. The Nasdaq fell 0.26%, prompting a shift toward defensive financials such as Visa and Mastercard. Meanwhile, Disney pledged $1 billion to OpenAI, Reddit challenged Australia’s teen‑social‑media ban, and former CIA chief David Petraeus warned that the U.S. national‑security strategy could unsettle Europe.

words.U.S. AI‑related stocks fell on Friday, extending a three‑day decline. Oracle dropped over 2% after Thursday’s 11% plunge from revenue that missed forecasts, pulling down peers like Micron and CoreWeave. Despite strong demand for AI infrastructure, Oracle’s $16.06 billion revenue fell short of expectations, raising concerns about its debt‑financed AI‑cloud expansion and the tight GPU ecosystem. Morningstar cut Oracle’s fair‑value target to $286 but still sees the shares as undervalued. Market focus now shifts to next week’s earnings for signs of sustainable AI growth.

The S&P 500 and Dow hit records while the Nasdaq slipped after Oracle’s 11% fall, weighing on AI stocks; Broadcom beat forecasts and expects AI‑chip revenue to double, naming Anthropic as a $10 bn customer. Lululemon announced CEO Calvin McDonald’s exit but posted a strong earnings beat, and Costco posted record e‑commerce growth. Disney is investing $1 bn in OpenAI, granting its characters rights on the Sora platform. The U.S. seized a sanctioned oil tanker bound for Venezuela/Iran, and consumer demand for high‑fiber products is surging, prompting major brands to launch new fiber‑rich items.

words.President Donald Trump signed an executive order establishing a nationwide AI regulatory framework, preempting state rules and aiming to boost innovation for U.S. firms. Developed with advisors David Sacks and Chamath Palihapitiya, the order favors industry giants like OpenAI and Google, creates an AI Litigation Task Force to challenge conflicting state statutes, and ties federal funding to compliance. Supporters claim it prevents a fragmented “patchwork” of regulations and enhances global competitiveness, while critics warn it may ignore regional issues such as bias, consumer protection, and environmental impact.