EP 288: OpenAI's Valuation Debate, Marvell's Network Bets, and the Next Bottlenecks for AI Growth

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the latest tech news stories that made headlines. This week's handpicked topics include: THE DECODE Big Funding Headline: OpenAI's reported mega-round and valuation https://www.reuters.com/technology/openai-discussed-raising-tens-billions-valuation-about-750-billion-information-2025-12-18/ https://x.com/danielnewmanUV/status/2001366643436315110  https://x.com/danielnewmanUV/status/2001362761247527174  https://x.com/PatrickMoorhead/status/2001267663490646200 https://techcrunch.com/2025/12/17/amazon-reportedly-in-talks-to-invest-10b-in-openai-as-circular-deals-stay-popular/  AWS "Circular deal" / Corporate venture logic AI build-out constraints https://www.theverge.com/news/846696/electricity-cost-ai-data-center-democrat-investigation https://www.axios.com/2025/12/17/democrats-data-centers-ai-fight  https://www.politico.com/news/2025/12/12/arizona-city-rejects-data-center-after-ai-lobbying-push-00688543 Marvell Industry Analyst Day highlights https://x.com/MoorInsStrat/status/2000359388264161710  Government "Tech Force" for AI Talent https://www.cnn.com/2025/12/15/tech/government-tech-force-ai  Google works to erode Nvidia's software moat (TPU + PyTorch + Meta) https://www.reuters.com/business/google-works-erode-nvidias-software-advantage-with-metas-help-2025-12-17/ Judge rules Tesla engaged in deceptive marketing for Autopilot and full self-driving features https://techcrunch.com/2025/12/16/tesla-engaged-in-deceptive-marketing-for-autopilot-and-full-self-driving-judge-rules/ Tesla tests autonomous vehicles without safety drivers in Austin, Tx https://techcrunch.com/2025/12/15/tesla-starts-testing-robotaxis-in-austin-with-no-safety-driver/  Adobe Firefly now supports prompt-based video editing, adds more third-party models https://techcrunch.com/2025/12/16/adobe-firefly-now-supports-prompt-based-video-editing-adds-more-third-party-models/ https://youtu.be/SjtULo8qs88?si=quE7pEptW8xph1OI  Google's Opal for vibe coding comes to Gemini https://techcrunch.com/2025/12/17/googles-vibe-coding-tool-opal-comes-to-gemini/ THE FLIP OpenAI - Tulip Bubble and Canary in the Coal mine or The Real AI Deal? https://x.com/danielnewmanuv/status/2001487733823541634?s=46&t=8QBZggR299yC4bcbbox-Xg https://x.com/danielnewmanuv/status/2001366643436315110?s=46&t=8QBZggR299yC4bcbbox-Xg BULLS & BEARS AI infrastructure stocks tumble on debt fears: Oracle, Broadcom, CoreWeave selloff https://www.cnbc.com/2025/12/16/cnbc-daily-open-ai-infrastructure-stocks-are-taking-a-beating.html  Recent Fed rate cut & speculation of another coming soon: https://x.com/danielnewmanUV/status/2001041850669404473 Oracle earnings (Q2) — CapEx reality check https://www.forbes.com/sites/greatspeculations/2025/12/18/whats-happening-with-oracle-stock/ https://finance.yahoo.com/news/oracle-plunges-12-despite-earnings-145626357.html Micron crushes earnings as AI data center demand tightens memory supply https://finance.yahoo.com/news/why-wall-street-expects-micron-183836008.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKf8aUugkk7hJbCnmiZWS2q5x1WWjD07AUywz6vzxnw6btX2iK0-aNmQBgg3sU67GWZXIKHz74cGnjnzZYeuBDv1A8_Rwp67iIKAtMI1A94LhJTRlcqdnN2_QYPWB_5ZTkO96ZSpFMjMsAwDUBf1yz-RIQnA-78Yk-zhD6VFqr- https://x.com/danielnewmanuv/status/2001404328997712349?s=46&t=8QBZggR299yC4bcbbox-Xg Broadcom earnings (Q4) — custom silicon tension https://finance.yahoo.com/news/broadcom-q4-earnings-beat-estimates-154300300.html Databricks raises $4B at $134B valuation as its AI business heats up https://techcrunch.com/2025/12/16/databricks-raises-4b-at-134b-valuation-as-its-ai-business-heats-up/ Smartphone Prices Set to Jump 6.9% as AI Data Centers Devour Memory Chips: The shortage of DRAM chips used in both AI servers and smartphones could threaten to cut smartphone shipments by 2.1%. To cope, some manufacturers may downgrade cameras, displays, and audio or reuse older components. https://www.cnbc.com/2025/12/16/smartphone-prices-to-rise-in-2026-due-to-ai-fueled-chip-shortage.html  Adobe Earnings https://finance.yahoo.com/news/adobe-q4-earnings-beat-estimates-145000488.html Synopsys Earnings https://finance.yahoo.com/news/synopsys-q4-earnings-surpass-estimates-153300031.html  

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the latest tech news stories that made headlines. This week's handpicked topics include:  The Decode US, Saudi tout new business deals at investment forum https://www.reuters.com/world/middle-east/saudi-crown-prince-seeks-burnish-image-with-corporate-americas-top-executives-2025-11-19/ AMD, Cisco, and HUMAIN to form joint venture to deliver world-leading AI infrastructure https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2025/m11/amd-cisco-and-humain-to-form-joint-venture-to-deliver-world-leading-ai-infrastructure.html Adobe, Qualcomm partner with Humain on generative AI for Middle East https://www.reuters.com/world/middle-east/adobe-qualcomm-partner-with-humain-generative-ai-middle-east-2025-11-19/ Qualcomm to open engineering hub in Saudi Arabia, part of a series of AI deals in kingdom https://finance.yahoo.com/news/qualcomm-to-open-engineering-hub-in-saudi-arabia-part-of-a-series-of-ai-deals-in-kingdom-180008935.html Elon Musk's xAI will be first customer for Nvidia-backed data center in Saudi Arabia https://www.cnbc.com/2025/11/19/musks-xai-will-be-customer-for-nvidia-data-center-in-saudi-arabia.html Microsoft, Nvidia to invest in Anthropic as Claude maker commits $30 billion to Azure https://finance.yahoo.com/news/anthropic-commits-30-billion-microsoft-150718625.html https://blogs.nvidia.com/blog/microsoft-nvidia-anthropic-announce-partnership/ https://x.com/danielnewmanUV/status/1990802932602999149 https://x.com/danielnewmanUV/status/1990822426884682020 https://x.com/danielnewmanUV/status/1990865570242187267 Microsoft Ignite - Announcements https://azure.microsoft.com/en-us/blog/azure-at-microsoft-ignite-2025-all-the-intelligent-cloud-news-explained/ https://x.com/PatrickMoorhead/status/1990845768178282745 https://x.com/PatrickMoorhead/status/1990859751006351461 https://x.com/PatrickMoorhead/status/1990861596558774469 https://x.com/danielnewmanUV/status/1990848107223933309?s=20 Google Gemini 3 Launch https://blog.google/products/gemini/gemini-3/ https://x.com/danielnewmanUV/status/1990875878549512251 https://x.com/PatrickMoorhead/status/1991150119891223015 Yann LeCun Leaving Meta https://www.businessinsider.com/meta-ai-yann-lecun-llm-world-model-intelligence-criticism-2025-11  Pat & Dan interview with Yann LeCun at last year's Davos: https://youtu.be/0gmDufvWlWE  Cloudflare resolves outage that caused widespread internet disruptions, taking down X, ChatGPT for some users https://www.yahoo.com/news/article/cloudflare-resolves-outage-that-caused-widespread-internet-disruptions-taking-down-x-chatgpt-for-some-users-141316666.html OpenText World 2025 - Recap https://x.com/PatrickMoorhead/status/1990806348393554203 https://x.com/danielnewmanUV/status/1990805006661136469 Supercompute 2025 - Recap https://x.com/danielnewmanUV/status/1991231108646678537?s=20 The Flip: Can Google unseat OpenAI as the new benchmark of AI? (The Flip) Bulls & Bears Delayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4% https://www.cnbc.com/2025/11/20/jobs-report-september-2025.html Fed minutes show divide over October rate cut and cast doubt about December https://www.cnbc.com/2025/11/19/fed-minutes-october-2025.html Lenovo Earnings https://news.lenovo.com/pressroom/press-releases/q2-fy-2025-26/ NVIDIA Earnings https://www.cnn.com/2025/11/19/tech/nvidia-earnings-ai-bubble-fears https://x.com/danielnewmanUV/status/1990526850171613211 https://x.com/danielnewmanUV/status/1990538832295702574 https://x.com/danielnewmanUV/status/1991156846900515130 https://x.com/PatrickMoorhead/status/1991544029675135247?s=20 https://x.com/PatrickMoorhead/status/1991540564794220778?s=20 Amazon Raises $15 Billion in First US Bond Sale in Three Years https://finance.yahoo.com/news/amazon-kicks-off-first-us-132051192.html Databricks in talk to raise at $130B valuation https://techcrunch.com/2025/11/18/databricks-reportedly-in-talks-to-raise-funding-at-a-130b-valuation/  

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the latest tech news stories that made headlines. This week's handpicked topics include: THE DECODE AWS re:Invent - Recap https://aws.amazon.com/blogs/aws/top-announcements-of-aws-reinvent-2025/?sc_channel=sm&sc_publisher=TWITTER&sc_country=global&sc_geo=GLOBAL&sc_outcome=awareness&linkId=884155717 https://x.com/PatrickMoorhead/status/1995522287374848501 https://x.com/PatrickMoorhead/status/1995887913088024903 https://x.com/PatrickMoorhead/status/1995892836135567462 https://x.com/PatrickMoorhead/status/1995894725002609067 https://x.com/PatrickMoorhead/status/1995899055176909140 https://x.com/PatrickMoorhead/status/1995891537520341282 https://x.com/danielnewmanUV/status/1995526650596032958 https://x.com/danielnewmanUV/status/1995886428111466567 https://x.com/danielnewmanUV/status/1995886972917956992 https://x.com/danielnewmanUV/status/1995890114850160839 https://x.com/danielnewmanUV/status/1995890899575050436 https://x.com/danielnewmanUV/status/1995891581241754056 https://x.com/FuturumEquities/status/1995889087304401066 AWS & Google Collaboration on Multicloud Networking https://cloud.google.com/blog/products/networking/aws-and-google-cloud-collaborate-on-multioud-networking https://x.com/PatrickMoorhead/status/1995490114013987115 https://x.com/PatrickMoorhead/status/1995495191374131705 https://x.com/PatrickMoorhead/status/1995495197141295182 AWS announces new capabilities for its AI agent builder https://techcrunch.com/2025/12/02/aws-announces-new-capabilities-for-its-ai-agent-builder/?  Amazon previews 3 AI agents including "Kiro" that can code on its own for days https://techcrunch.com/2025/12/02/amazon-previews-3-ai-agents-including-kiro-that-can-code-on-its-own-for-days/?  Amazon releases an impressive new AI chip and teases an Nvidia-friendly roadmap https://techcrunch.com/2025/12/02/amazon-releases-an-impressive-new-ai-chip-and-teases-a-nvidia-friendly-roadmap/  Amazon to let cloud clients customize AI models midway through training for $100,000 a year https://www.cnbc.com/2025/12/02/amazon-nova-forge-lets-clients-customize-ai-models-for-100000-a-year.html Nvidia News NVIDIA and Synopsys Announce Strategic Partnership to Revolutionize Engineering and Design https://nvidianews.nvidia.com/news/nvidia-and-synopsys-announce-strategic-partnership-to-revolutionize-engineering-and-design https://x.com/PatrickMoorhead/status/1995485878186308079 Nvidia CEO Jensen Huang talks chip restrictions with Trump, blasts state-by-state AI regulations https://www.cnbc.com/2025/12/03/nvidias-jensen-huang-talks-chip-controls-with-trump-hits-regulation.html Apple Design Executive Alan Dye Poached by Meta in Major Coup https://www.bloomberg.com/news/articles/2025-12-03/apple-design-executive-alan-dye-poached-by-meta-in-major-coup https://x.com/PatrickMoorhead/status/1996331399926988944?s=20 Microsoft denies report of lowering targets for AI software sales growth https://www.reuters.com/technology/microsoft-lowers-ai-software-sales-quota-customers-resist-new-products-2025-12-03/ Original The Information article: https://www.theinformation.com/articles/microsoft-lowers-ai-software-sales-quotas-customers-resist-newer-products?utm_campaign=Editorial&utm_content=Exclusive&utm_medium=organic_social&utm_source=twitter https://x.com/PatrickMoorhead/status/1996268011041472937?s=20 https://x.com/danielnewmanUV/status/1996286385695981617?s=20 Marvell to acquire Celestial AI for as much as $5.5 billion https://www.cnbc.com/2025/12/02/mrvl-earnings-q3-2026-acquires-celestial-ai.html Why Intel's Onshore Chip Production Is So Important for U.S. Industrial Policy  https://moorinsightsstrategy.com/analyst-insight-why-intels-onshore-chip-production-is-so-important-for-u-s-industrial-policy/ MIS & TFG analysts at HPE Discover in Barcelona (Dave, Will Townsend, Ryan Shrout) https://www.linkedin.com/feed/update/urn:li:activity:7402028871396790272/  THE FLIP The Flip: Is the Trump Administration's Pivot to Robotics a Smart Next Move After AI?  https://x.com/danielnewmanUV/status/1996221671028777041?s=20   BULLS AND BEARS November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports https://www.cnbc.com/2025/12/03/adp-jobs-report-november-2025-private-payrolls-unexpectedly-fell-by-32000-.html Marvell Earnings https://investor.marvell.com/news-events/press-releases/detail/999/marvell-technology-inc-reports-third-quarter-of-fiscal-year-2026-financial-results https://x.com/danielnewmanUV/status/1995989717943537943?s=20 https://x.com/PatrickMoorhead/status/1996616081000087747?s=20 Salesforce Earnings https://www.cnbc.com/2025/12/03/salesforce-crm-q3-earnings-report-2026.html https://x.com/danielnewmanUV/status/1996328491659542667?s=20 https://x.com/PatrickMoorhead/status/1996620195062837565?s=20 HPE Earnings https://investors.hpe.com/~/media/Files/H/HP-Enterprise-IR/documents/q4-2025/q4-2025-earnings-press-release.pdf https://finance.yahoo.com/news/hpe-forecasts-weak-quarterly-revenue-211059252.html Dell Earnings https://www.nasdaq.com/press-release/dell-technologies-delivers-third-quarter-fiscal-2026-financial-results-2025-11-25 Pure Storage Earnings https://www.nasdaq.com/articles/pstg-q3-earnings-lag-despite-solid-revenues-stock-upbeat-view https://x.com/PatrickMoorhead/status/1996623201607020695?s=20 Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI https://www.cnbc.com/2025/12/03/anthropic-claude-reportedly-preparing-ipo-race-openai-chatgpt-ft-wilson-sonsini-goodrich-rosati.html https://x.com/danielnewmanUV/status/1996044632871010316?s=20  

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the tech news stories that made headlines this week. The handpicked topics for this week are:   AMD Financial Analyst Day Breakdown: AMD presents long-term growth projections with over 35% revenue CAGR. Pat & Dan discuss AMD's 10-15% GPU market share projection, emphasizing Lisa Su's track record of execution and credibility.    SoftBank's Strategic Repositioning: SoftBank sold its entire stake in Nvidia for $US5.83 billion ($8.9 billion). Masayoshi Son, Chairman of Japan's SoftBank Group plans to reallocate capital to OpenAI and other AI infrastructure investments. Hosts discuss the potential of ARM-based AI chip development.   Anthropic's Infrastructure Investment: New $50 billion data center construction commitment with FluidStack. Claude Code is driving significant revenue and a path to 2028 profitability. Comparison with OpenAI's infrastructure strategy and independence goals.   Cloud Infrastructure and Capacity Deals: Nebius secures $3 billion deal with Meta for GPU capacity. Meta's strategy of risk-sharing and outsourcing during demand peaks.   The Depreciation Debate: Patrick argues there's a 6-year depreciation period for GPUs based on historical usage patterns, citing continued use of A-, V-, and H-series GPUs. Questions are raised about reticle limits and performance scaling sustainability.   Government Shutdown Resolution: Senate votes to reopen government after 43-day closure, leaving in its wake and estimated $11 billion permanent economic loss and $16 billion in missed wages. Hosts break down the market's mixed response with AI sector concerns overshadowing the reopening.   Cisco Earnings Analysis: Beat on revenue and earnings with solid enterprise performance. AI infrastructure orders are expected to triple to $3 billion in 2026. Hyperscale AI orders are at $1.3 billion with a strong growth trajectory.   CoreWeave Market Position: Stock down 33% from three-month peak, but still up 16% over six months. Data center build-out delays appear to be impacting capacity and revenue projections.   Applied Materials Performance: Beat expectations despite revenue decline from the China market loss. Future growth potential from TSMC, Intel, and Samsung US expansion. For a deeper dive into each topic, please click on the links above. Be sure to subscribe to The Six Five Pod so you never miss an episode.

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the latest tech news stories that made headlines. This week's handpicked topics include:    OpenAI signs a 7-year, $38B cloud deal with AWS to secure massive GPU capacity and diversify beyond Microsoft. Announced Nov 3 (Pat) https://x.com/PatrickMoorhead/status/1985358316592079054?s=20  https://x.com/PatrickMoorhead/status/1985352179444863072?s=20  U.S. to block Nvidia's scaled-down AI chips to China; Nvidia CEO says there are "no active discussions" to sell Blackwell there. Nov 7. (Dan) https://x.com/PatrickMoorhead/status/1986380431260815544?s=20  https://x.com/PatrickMoorhead/status/1985690392239513969?s=20  Microsoft's UAE Nvidia AI chip deal: Microsoft secured U.S. government approval to ship 60,000 Nvidia AI chips to the UAE, with a broader $9.7 billion contract for AI cloud services. (Dan) Google makes Ironwood TPUs generally available and adds new Axion Arm VMs for inference-heavy workloads. Announced Nov 6 (Pat) https://x.com/PatrickMoorhead/status/1986854566835748959?s=20  Kimi 2 Thinking costs $4.6M Dan  https://x.com/PatrickMoorhead/status/1986930007554531470?s=20  Cheap MacBook (pat) https://x.com/PatrickMoorhead/status/1985774551318368696?s=20  Bulls & Bears Arm Earnings  https://x.com/PatrickMoorhead/status/1986771536960008301 https://investors.arm.com/static-files/bde7f15e-4bc8-4524-a0e9-e016889b520d https://x.com/danielnewmanUV/status/1986203347439824919 AMD Earnings  https://x.com/PatrickMoorhead/status/1985979219352908272 https://ir.amd.com/news-events/press-releases/detail/1265/amd-reports-third-quarter-2025-financial-results https://x.com/danielnewmanUV/status/1985822986063266013 https://x.com/danielnewmanUV/status/1985835687309165063 https://x.com/danielnewmanUV/status/1985895752372289986 Qualcomm Earnings  https://x.com/PatrickMoorhead/status/1986764581293977813 https://investor.qualcomm.com/news-events/press-releases/news-details/2025/Qualcomm-Earnngs-Release-Available-on-Companys-Investor-Relations-Website-c44bca3cf/default.aspx https://x.com/danielnewmanUV/status/1986185406744871045 Coherent Earnings  https://x.com/PatrickMoorhead/status/1986774118985794034 https://www.coherent.com/news/press-releases/first-quarter-fiscal-year-2026-results https://x.com/danielnewmanUV/status/1986205975171190977 Lattice Semiconductor Earnings  https://x.com/PatrickMoorhead/status/1985983349916143977 https://x.com/danielnewmanUV/status/1985475655241232529  

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the tech news stories that made headlines this week. The handpicked topics for this week are:   Key Takeaways from NVIDIA GTC and Infrastructure Build-Out: Jensen Huang's keynote delivery. Nvidia's co-architecture approach to power systems, water systems, and manufacturing. Partnerships with Vertiv, Siemens, and GE Vernova for infrastructure development. Key partnership announcements from NVIDIA to build seven supercomputers, competing with AMD's dominance.   OpenAI and Microsoft Partnership Restructuring: Microsoft's $12-13 billion investment for 50/50 partnership structure. Renegotiation allowing OpenAI conversion to a for-profit entity. Microsoft's potential 27% ownership stake valued at approximately $270 billion. Sam Altman's equity position and IPO preparation for a potential trillion-dollar valuation.   Qualcomm's AI Chip Launch: AI 200 and AI 250 announcement driving 20% stock price surge. Strong Wall Street reaction despite limited technical details available. Credible entry into the data center market with scale-up methodology. 2027 timeline for scale-up technologies, including NVLink adoption.   DOE Supercomputer Partnerships: AMD's billion-dollar partnership for two additional supercomputers. Continued dominance in high-performance computing with 64-bit precision. U.S. Secretary of Energy Chris Wright's recent recognition from both NVIDIA's Jensen Huang and AMD's Lisa Su. Highlights of government investments towards winning science across multiple domains.   AWS Anthropic Trainium Partnership: A one-million Trainium chips commitment from Anthropic. Validation of AWS's custom silicon strategy. Recognition that all available chips are selling in the current market. Multi-generation improvement trajectory similar to Google's TPU.   Google Public Sector Event Highlights: Google's military and government sector transformation under Google Cloud CEO, Thomas Kurian. Impressive Gemini for Government agent demonstrations. Seven-minute agent creation showcasing platform capabilities. On-premise GDC deployment with Lockheed Martin for air-gapped AI.   Government Stakes Debate: Discussion of AI, quantum, rare earth minerals, and chip manufacturing.   Federal Reserve Rate Cut: Fed Chairman Powell's extensive data center commentary.   OpenAI Valuation: A trillion-dollar IPO valuation deemed "completely bonkers."   ServiceNow Earnings, Alphabet/Google Earnings, Meta Earnings: Unpacking tech's earnings season.   Microsoft Azure: 40% Azure growth with $400 billion booked business. For a deeper dive into each topic, please click on the links above. Be sure to subscribe to The Six Five Pod so you never miss an episode.

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the tech news stories that made headlines this week. The handpicked topics for this week are:   AI and Tech Industry Updates: OpenAI launches a new browser called Atlas. AWS experiences significant outages affecting half of the Internet. Google announces a quantum breakthrough and deals with Anthropic. 800 public figures call for a superintelligence ban.   Earnings Reports and Market Analysis: Tech's latest earnings season begins. Hosts discuss IBM, Intel, Tesla, SAP, and T-Mobile earnings.   OpenAI's Atlas Browser: Pat & Dan compare the new tool to existing browser capabilities and reflect on its potential impact on Google's market dominance. They discuss the broader integration of AI-powered features in the browsing experience.   AWS Outage and Infrastructure Resilience: A look at the impact on various services and applications. The hosts underscore the importance of redundancy and multi-cloud strategies, and break down AWS's handling of the situation and communication.   Quantum Computing Developments: Looking at Google's Quantum Echoes algorithm breakthrough on the Willow chip. Plus, the potential applications in drug discovery and material science, and government interest in quantum investments.   AI Ethics and Regulation: Public figures are urging for a superintelligence ban. Pat & Dan debate the feasibility and necessity of AI regulation, along with the societal implications of advanced AI development.   Tech Earnings Deep Dive: IBM's enterprise AI and modernization focus. Intel's foundry progress and market performance. Tesla's narrative shift from cars to AI and robotics. SAP's cloud transition and AI integration, and T-Mobile's operational success and leadership changes.   Industry Trends and Future Outlook: A high-level recap on AI integration in enterprise solutions, quantum computing's potential impact on various industries, and the evolving narrative around tech companies beyond traditional metrics. For a deeper dive into each topic, please click on the links above. Be sure to subscribe to The Six Five Pod so you never miss an episode.  

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the tech news stories that made headlines this week. The handpicked topics for this week are:   Market Turbulence and Geopolitical Tensions: Discussion of recent market volatility triggered by comments from world leaders. The hosts analyze the impact of US-China tensions on rare earth elements and tech industries.   Tech Industry Developments: Oracle's Financial Analyst Day 2025 and AI-focused announcements. Salesforce's Dreamforce event and the future of enterprise software.   Semiconductor Industry Insights: TSMC's strong performance and its implications for the AI and chip markets. Plus, an analysis of ASML's earnings and its role in the semiconductor supply chain.   AI Infrastructure and Cloud Competition: The hosts debate Oracle's potential to challenge major cloud providers in the AI era, spurring a discussion of AI-driven growth in cloud and infrastructure markets.   Economic and Market Trends: Examination of market reactions to geopolitical events and major tech announcements. Pat and Dan speculate on the sustainability of AI-driven growth and potential bubbles.   Industry Events and Announcements: Coverage of multiple tech events, including the Dell Analyst Summit, Oracle World, and Salesforce's Dreamforce. Hosts unpack the key announcements and their potential impact on the tech landscape.   Future of Enterprise Software and AI: Predictions on the consolidation of AI platforms and agents in enterprise software and a discussion on the challenges and opportunities in integrating AI into business processes. For a deeper dive into each topic, please click on the links above. Be sure to subscribe to The Six Five Pod so you never miss an episode.

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the tech news stories that made headlines this week. The handpicked topics for this week are:   AI Investments and Market Dynamics: OpenAI and AMD's $6 billion deal announcement. NVIDIA's response to the AMD-OpenAI partnership. An analysis of the competitive landscape in the AI chip market.   Cisco's AI Networking Advancements: Hosts cover Cisco's announcement of its Silicon One-based router for AI hyperscaler data centers and discuss Cisco's role in addressing network constraints in AI infrastructure.   Intel's Technology Showcase: Intel's event in Arizona highlighting PC chips, server chips, and 18A process node. A look at the strategic importance of Intel Foundry and its competitive positioning.   Qualcomm's IoT and Physical AI Aspirations: Qualcomm's acquisition of Arduino and its implications for IoT development. Hosts reflect on Qualcomm's strategy in expanding beyond mobile chips.   IBM TechXchange Highlights: IBM shared its focus on orchestration and agents in IBM's AI strategy and highlighted partnerships with Anthropic and other AI companies.   The Flip - AI Bubble Debate: A simulated debate on whether the current AI investment trend is a bubble with an analysis of market valuations, capex trends, and potential risks.   Dell Technologies Analyst Meeting Insights: Hosts talk Dell's increased revenue and EPS forecasts, particularly in the data center segment, plus their strategy shifts in the PC market and enterprise AI adoption.   Oracle's AI Business Economics: A discussion of a recent controversial report on Oracle's AI infrastructure profitability. Analysis of the challenges in accurately assessing AI infrastructure economics.   Industry Updates and Future Events: xAI's $20 billion raise and NVIDIA's investment. Applied Materials' revenue takes a hit due to new export restriction rules. Upcoming tech events and conferences. For a deeper dive into each topic, please click on the links above. Be sure to subscribe to The Six Five Pod so you never miss an episode.

On this episode of The Six Five Pod, hosts Patrick Moorhead and Daniel Newman discuss the tech news stories that made headlines this week. The handpicked topics for this week are:   AI Developments and Industry News: Recent AI deals going down, including Meta's $14 Billion infrastructure deal with CoreWeave and another deal between CoreWeave and  OpenAI totaling $6 Billion.   Hyperscaler Strategies and Investments: Hosts analyze Meta's investments in AI infrastructure and capacity expansion and discuss hyperscalers' efforts to build their own AI chips versus using merchant solutions.   Microsoft's Commercial Focus: Microsoft appoints Judson Altoff as commercial CEO to emphasize AI in business applications. This move is interpreted as Microsoft's strategy to lead in enterprise software transformation.   Chip Manufacturing and Policy: A discussion on the feasibility of achieving 50% local chip manufacturing in the US and an analysis of the administration's efforts to increase domestic semiconductor production.   Custom vs. Merchant AI Chips Debate: Patrick argues for going all-in on merchant infrastructure for time-to-market advantages. Daniel counters, advocating for hyperscalers to develop custom chips for long-term control and profitability.   Economic and Political Landscape: A discussion on the recent US government shutdown and its immediate impacts. Hosts analyze the recent job market data, including its reliability and the potential effects of AI on employment. For a deeper dive into each topic, please click on the links above. Be sure to subscribe to The Six Five Pod so you never miss an episode.