Tobias

.Moore Threads, a Beijing GPU maker dubbed “China’s Nvidia,” surged over 400 % on its Shanghai IPO, trading at roughly five times the issue price after raising $1.1 billion. The funds will finance new AI‑training and inference chips and expand working capital despite the firm’s current losses and 2023 U.S. sanctions. Its rollout of 7‑nm‑class GPUs, backed by domestic fabs and government subsidies, reflects China’s broader push to replace imported AI chips in a market projected to exceed $150 billion by 2028.

Apple announced the retirements of General Counsel Kate Adams and VP for Environment, Policy and Social Initiatives Lisa Jackson. Meta’s chief legal officer Jennifer Newstead will assume Apple’s general counsel role in March, with Jackson’s government‑affairs team reporting to her next year. Adams, who joined from Honeywell in 2017, oversaw litigation and antitrust challenges, while Jackson—formerly EPA administrator—led diversity, climate and the Racial Equity and Justice Initiative. The reshuffle aims to tighten legal‑policy coordination amid rising global regulation, while preserving Apple’s ESG momentum and supporting its AI and innovation agenda.

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SoFi announced a $1.5 billion common‑stock offering, sending its shares down nearly 6% in after‑hours trading. The proceeds will bolster its capital position, fund digital‑banking expansion, a new crypto‑trading platform, and AI‑driven underwriting tools. In Q3, SoFi posted $961.6 million in revenue (up 38% YoY), net income of $139.4 million, and $3.25 billion in cash. The raise improves leverage ratios and gives flexibility for acquisitions, but dilutes shareholders and trims its price‑to‑sales multiple toward peer levels. Success hinges on converting the extra capital into sustainable growth while managing execution and regulatory risks.

Beta Technologies showcased its fully electric ALIA CTOL CX300 at the 2025 Paris Air Show and released its first quarterly results, reporting $8.9 million in revenue (up from $3.1 million) and a $452 million net loss driven by convertible preferred‑stock funding. The company, backed by Amazon, aims to compete with Joby and Archer in the eVTOL market, seeking FAA eIPP certification for military and cargo missions while planning commercial operations by mid‑2025. Major moves include a $300 million hybrid‑generator partnership with GE Aerospace, Hartzell propeller certification, and a potential $1 billion ten‑year motor supply deal with Eve Air Mobility.

.Meta’s shares rose over 5% after Bloomberg reported Zuckerberg will cut the metaverse budget, especially Reality Labs, by up to 30%. The division has lost $4.4 billion this quarter and over $70 billion since 2021. Analysts view the trim as fiscal discipline, projecting a $2 EPS boost by 2026 and a potential $40‑$50 per‑share premium. Meta is shifting focus to AI‑driven ad tools and consumer‑friendly smart glasses, aiming for nearer‑term revenue while keeping long‑term immersive research alive.

that.Google Cloud has signed a multi‑year deal with AI‑coding startup Replit, expanding Replit’s use of Google’s infrastructure and integrating Gemini 3 models to deliver AI‑assisted coding for enterprise customers. The partnership aims to make low‑code development accessible to non‑technical staff, boosting Google’s cloud value proposition and competing with AWS and Azure. Replit, valued at $3 billion after a $250 million round, has seen rapid revenue growth, positioning the duo to capture a fast‑growing AI‑coding market.

U.S. equities were flat as mixed labor data left markets cautious and overbought. Meta jumped ~4% after cutting its metaverse unit to focus on ads and AI, while Costco’s comparable sales fell slightly, keeping its valuation high despite solid same‑store growth. Salesforce beat earnings but missed revenue forecasts, flagging AI‑driven pressure on its licensing model. Cramer highlighted Snowflake, Five Below, Hormel, PayPal and Kroger as potential movers, and his charitable trust remains long on META, CRM and COST. Trade alerts face mandatory 45‑minute and 72‑hour waiting periods before execution.

that.Microsoft will raise subscription prices for its Office suite (Microsoft 365 and Office 365) for commercial and government customers on July 1, with increases ranging from 5% to 13% on plans such as Business Standard ($14) and Enterprise E3 ($26). The company cites over 1,100 new features and AI‑enhanced Copilot as justification, aiming to counter Google Workspace competition and boost margins. Volume‑discounts have been reduced, and analysts view the hike as a strategic move to monetize AI while leveraging Microsoft’s market dominance.

Morning Squawk highlights: a surprise ADP job decline raised Fed rate‑cut odds to ~89%, sparking a Dow gain and tighter yield curve; Salesforce beat EPS, with Agentforce AI revenue up 330% and an aggressive outlook. Nvidia CEO Jensen Huang warned against restrictive AI‑chip export rules, noting potential revenue impact. The ACIP may revise the 24‑hour hepatitis B birth vaccine rule, affecting pharma demand. GM named Sterling Anderson EVP‑product, aiming to speed EV rollout amid lower South Korean tariffs. Delta reported a $200 million pretax hit from the government shutdown.

.Meta CEO Mark Zuckerberg is shifting focus to AI, planning up to 30% budget cuts and workforce reductions in Reality Labs, its VR/AR division, after a $4.4 billion quarterly loss and over $70 billion cumulative deficit. The move may pivot to enterprise solutions, AI integration, or partnerships, aiming to improve operating leverage while de‑emphasizing the metaverse.