Constrained capacity investment, supply chain shifts, and Nvidia's pivot to LPDDR technology have triggered a memory supercycle. TrendForce projects Q4 pricing will rise 75% year-over-year. DDR4 and DDR5 module costs have surged 130–180% over 18 months, data show.

AI startup Anthropic will invest $50 billion to build data center infrastructure across the United States, partnering with Fluidstack to launch initial facilities in Texas and New York City in 2026. The announcement comes amid growing debate over whether massive AI capital commitments reflect transformational growth or an overheated market. Industry observers note widening gaps between investment levels and revenue generation across the sector.

Nvidia reported third-quarter revenue of $57.01 billion and earnings per share of $1.30, both exceeding analyst expectations. The chipmaker projected fourth-quarter revenue of $65 billion, surpassing the $62 billion consensus estimate. Tech stocks rallied in after-hours trading, while Bitcoin recovered from $89,000 to approximately $92,000.

Elon Musk's artificial intelligence startup xAI is seeking $15 billion in new equity funding at a $230 billion valuation, according to The Wall Street Journal. The proposed valuation represents a significant increase from the $113 billion figure disclosed in March. The funding will support data-center expansion and model development as xAI works to close the performance gap with competitors.

Anthropic's valuation reached approximately $350 billion on November 19, 2025, following new investment commitments from Microsoft and Nvidia, according to Bloomberg. Microsoft pledged up to $5 billion while Nvidia committed up to $10 billion, substantially exceeding the AI startup's September valuation of $183 billion. The investments mark a strategic expansion for Microsoft beyond its existing OpenAI partnership and establish Nvidia's first deep technical collaboration with Anthropic.

Oracle shares dropped 5% in mid-November 2025 as Wall Street questioned the viability of its $300 billion, five-year partnership with OpenAI. The cloud provider is raising $38 billion in new debt to fund AI infrastructure expansion, which would push total obligations to $96 billion. Analysts expressed concern about whether OpenAI can sustain the $60 billion in annual payments Oracle expects, while credit default swaps on the company's debt reached a two-year high.

Rumble Inc. has agreed to acquire AI infrastructure firm Northern Data AG in an all-share transaction valued at approximately $1.2 billion. Stablecoin issuer Tether committed to purchase up to $150 million in GPU services from the combined entity and pledged $100 million over two years to support Rumble Wallet adoption. Northern Data shareholders will receive 2.0281 Rumble shares for each share held and own roughly 30% of the merged company.

OpenAI has proposed to the White House Office of Science and Technology Policy that the existing 35% semiconductor manufacturing tax credit under the Chips Act be extended to AI data centers, server production, and electrical grid components. The company clarified it is not seeking a federal bailout despite earlier confusion from CFO remarks. The proposal follows OpenAI's $38 billion capacity agreement with Amazon Web Services.