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In the Huang Renxun incident, the involved company Megaspeed International officially announced that it attaches great importance to complying with U.S. export control laws, stating that compliance is the company's top priority, and it is committed to constructive and transparent cooperation with the U.S. government.Megaspeed has cooperated with the U.S. Department of Commerce's Bureau of Industry and Security (BIS) inspections and is ready to fully cooperate with other relevant U.S. government agencies at any time. To further strengthen its compliance commitment, Megaspeed has hired a well-known U.S. law firm to lead a comprehensive inventory of the company's graphics processing units (GPUs) and independently verify the company's export control compliance practices. Megaspeed stated that it welcomes appropriate government oversight and will demonstrate through concrete actions that the company operates in a responsible and transparent manner while complying with applicable U.S. laws.Megaspeed is a cloud computing and data center company registered in Singapore and is an important customer of NVIDIA. The New York Times previously cited trade data reporting that from June 2024 to February 2026, Megaspeed's affiliated company in Malaysia procured advanced AI servers and other equipment, including NVIDIA chips and related products. Huang Le previously served as the CEO and chairman of the board of Megaspeed and is one of the main controllers; she has appeared alongside Huang Renxun multiple times at public business events.

Analyst Jukan posted on platform X, stating that Nvidia chips are currently still in short supply, but to maintain the premium for chip scarcity, the company needs to continue supporting emerging cloud service providers (Neocloud). If the new CEO adopts a more cautious attitude towards this business model, it may lead to pressure on GPU spot prices, a decline in cloud service providers' profit margins, and prompt them to turn to alternatives such as AMD or Google TPU, thereby weakening Nvidia's market dominance and supply chain control.Jukan stated that Jensen Huang has been working hard to maintain Nvidia's growth flywheel, which not only helps to expand chip demand but also ensures the computing power utilization of emerging cloud service providers. Huang originally hoped to gradually let go once the emerging cloud service providers could independently order the next generation of GPUs, but it is currently uncertain whether the successor CEO is willing to wait.

According to The Information, sources say that with Jensen Huang's departure, an anonymous executive from a cloud service provider that is purchasing NVIDIA chips revealed that the company is considering sourcing alternative chips from companies like Google and AMD.The executive stated that the company had previously considered diversifying suppliers but was concerned about offending Jensen Huang.

On Thursday, Microsoft experienced a widespread service outage in Eastern Time, affecting thousands of users in multiple regions, involving Microsoft 365 services and Outlook. Amazon Web Services and Google users also reported service interruption issues.Microsoft is investigating, with the problem primarily concentrated on Exchange Online, caused by some servers unexpectedly becoming unavailable, leading to excessive load.

Solana officially stated that Akash's token AKT has been launched on Solana through Sunrise. The Akash community previously passed a governance proposal to migrate to Solana.

According to Gate data, U.S. cloud service providers and the storage sector continue to strengthen, with CoreWeave's increase expanding to 20% and NEBIUS rising over 15%. At the same time, the Philadelphia Semiconductor Index's increase expanded to 5.10%, reporting 10,500.83 points, as the U.S. semiconductor sector surged.SanDisk surged over 14.7%, Lumentum rose over 12.6%, Micron Technology increased over 11.2%, Coherent rose over 11%, and Seagate Technology increased over 10.2%; SK Hynix rose over 9.6%, Marvell Technology increased over 9.1%, Arm Holdings rose over 9.0%, Intel increased over 6.9%, Lam Research, Broadcom, Applied Materials, and AMD rose over 5%, TSMC increased over 3.4%, and NVIDIA rose over 3.0%.

In October, the U.S. CPI exceeded expectations. After the data was released, BTC briefly fell to around $73,000, and the market began to bet on a 50 basis point rate hike in December. In response, Cloud, the chief analyst at Huobi HTX, believes that the probability of a 50 basis point hike is low, and a 25 basis point increase remains the baseline scenario. The current decline is more akin to a pricing correction.There are three reasons: The Federal Reserve values the continuity of data, and historically, there are very few cases where a single month's CPI jump has changed the pace of rate hikes; a single month of exceeding expectations is insufficient to overturn the gradual path; the current inflation stickiness mainly stems from the lagged transmission of tariffs and rents, which will naturally diminish, and marginal employment is also weakening. The committee has no reason to impose aggressive tightening at the peak of transmission; the credit spread has widened from 93 basis points to 348 basis points, financial conditions have effectively tightened, and adding another 50 basis points would actively create financial stability risks.In the crypto market, funding rates have turned negative, and the open interest in perpetual contracts has decreased by nearly 20% in a week. The fear and greed index has fallen into the deep fear zone, and the clearing of leverage has been relatively sufficient, limiting the space for further short-term declines. However, an oversold situation does not mean an immediate rebound; confirmation is needed for CPI to fall in the next two months. If inflation exceeds expectations for two consecutive months and a 50 basis point hike is realized, a trend decline will begin, but currently, this scenario seems unlikely.Note: The content of this article does not constitute investment advice, nor does it constitute any offer, solicitation, or recommendation of investment products.

AI cloud service provider CoreWeave (CRWV.O) reported a 167% year-over-year revenue increase in the third quarter to $3.66 billion, exceeding market expectations of $3.55 billion, with a loss per share of $1.27, better than the expected loss of $1.46. The company raised its full-year revenue guidance from $12.4 billion to $13.2 billion to a range of $13 billion to $13.3 billion. According to MSX.COM data, after the earnings announcement, CoreWeave's stock price rose by as much as 8.7% in after-hours trading, following a cumulative decline of over 40% in the previous month and a year-to-date decline of 32%.As of the end of June, CoreWeave's debt exceeded $50 billion, with a bond yield of about 15.2% due in 2030. The company's CEO stated that investments are based on signed customer contracts, and customer prepayments also help support data center construction, with the existing order backlog sufficient to cover debt obligations. Microsoft previously stated that some emerging cloud service providers' data center projects have been delayed, tightening project oversight and exiting some high-risk projects. After the U.S. midterm elections, several newly elected officials indicated they would slow down or halt data center construction. CoreWeave stated that it plans to expand revenue by launching new services and expanding into the Asian market.

NEAR AI tweeted that it has closed unauthorized access and continues to complete the investigation. NEAR AI Cloud will remain suspended until it can be safely restored. NEAR Protocol and other services are not affected, and the team stated that further updates will be provided within two hours.Previously, NEAR AI tweeted that it recently discovered unauthorized access to its internal systems and has suspended NEAR AI Cloud inference services as a precautionary measure to conduct an investigation. NEAR AI Cloud inference operates in hardware-isolated TEE to protect user prompt privacy.

Amazon Web Services (AWS) has committed to investing $100 million in artificial intelligence and cloud technology to help global organizations expand health services.

The Alibaba Cloud Token Plan Personal Edition will significantly increase the monthly quota. The prices for the Lite, Essential, and Standard tiers remain unchanged, while the quotas will increase by approximately 74% to 78%. The Lite package priced at 39 yuan will increase its quota from 11,500 to 20,000 Credits, the Essential package priced at 79 yuan will increase from 25,500 to 45,000, and the Standard package priced at 139 yuan will increase from 45,000 to 80,000.The Pro package will also see a price reduction and an increase in quota, with the monthly fee dropping from 499 yuan to 312 yuan, and the quota increasing from 180,000 to 200,000 Credits. Calculating the subscription cost per Credit, the costs for all four packages have decreased by approximately 43%.The Token Plan is Alibaba Cloud's monthly subscription service for large models, which can connect to AI programming and agent tools such as Claude Code, Qwen Code, Qoder, and OpenClaw. Users can call different models using a unified Credits quota. The new quotas will gradually be made available to existing users and will supplement the current subscription cycle's quota. The price for existing Pro users will remain unchanged for the current cycle, with the new price taking effect from the next cycle.

According to the Science and Technology Innovation Board Daily, China Mobile and Z.ai have officially signed a cooperation agreement, and both parties will collaborate on domestic computing power, large model services, and AI commercialization. The Z.ai GLM series models will be integrated into the Mobile Cloud MaaS platform, with the cooperation covering the complete industry chain from underlying computing power supply, model services to commercial distribution.

Serenity stated that new cloud service providers like NBIS (Neocloud) are attractive after a significant drop in valuation. He believes that if manufacturers maintain close relationships with suppliers like NVIDIA, have signed capacity and necessary licenses, possess well-funded partners, and can finance equipment procurement at reasonable costs, they may still perform well.He cited IREN's financial report, noting that a prepayment in a five-year agreement could cover 90% of GPU capital expenditures, indicating that publicly listed Neocloud can adapt to a tight financing environment. The re-signing price for their old H100 GPU has reached twice the previous amount, which he believes contradicts some market concerns about equipment depreciation. Regarding approvals, Serenity referenced a Rosenblatt research report stating that the major construction projects of NBIS in Missouri, Pennsylvania, and South Carolina have low risk. He is more concerned about new entrants that are just beginning to finance or obtain permits and believes that tightening financing and potential approval restrictions may actually expand the competitive advantages of existing Neoclouds, establishing a stronger moat for them.

After the U.S. midterm elections, concerns about tightening AI regulations and slowing data center construction have intensified, leading to a significant sell-off in U.S. tech stocks. On November 5, the "Seven Sisters" of U.S. stocks lost approximately $1.04 trillion in market value in a single day, with Nvidia dropping 9.26%, resulting in a loss of over $440 billion in market value, which is 2 to 4 times the decline of core clients like Microsoft, Google, and Amazon.The financial pressure on AI infrastructure investment is increasing. In the third quarter of this year, the combined operating cash flow of Microsoft, Google, Amazon, and Meta was no longer sufficient to cover fixed asset expenditures, with a funding gap of about $26.4 billion, whereas a year ago, the four companies still had a cash flow surplus of about $61.7 billion. Amazon's free cash flow turned from $14.8 billion in the past 12 months to a net outflow of $42.4 billion, while Meta's free cash flow turned negative for the first time in over a decade, and Google's long-term debt increased from about $20 billion to $125 billion.On Election Day, out of 41 local propositions related to data centers in 10 U.S. states, 40 of the voting results leaned towards restricting development, with 27 restrictive or oppositional propositions being passed. Research firm SemiAnalysis predicts that the impact of related policy changes on projects already underway by 2027 will be limited, but it may affect computing power expansion plans for 2028 and beyond. More than 90% of Nvidia's revenue comes from data center business; during the same period, Google Cloud's operating profit in the third quarter reached three times that of the same period last year, AWS's operating profit increased from $11.4 billion to $17.8 billion, and Microsoft Azure's revenue grew by 48%.

Market news indicates that Microsoft is gradually terminating its transactions with Oracle related to renting artificial intelligence cloud computing power.

According to Gate market data, Cloudflare (NET.N) stock price continued to rise before the market opened, with a latest increase of 20%.

Bitcoin mining company turned AI cloud computing service provider IREN announced its first quarter results for the fiscal year 2027 ending September 30, 2026, with total revenue increasing by 66% quarter-over-quarter to $228 million. Among this, AI cloud business revenue grew by 182% quarter-over-quarter to $200 million, with a gross margin of 86%; Bitcoin mining revenue fell from $67 million in the previous quarter to $28 million. The net loss for the quarter was $263 million, compared to $684 million in the previous quarter, with adjusted EBITDA at $66 million.The company's contract revenue backlog increased by 22% quarter-over-quarter to $20.3 billion, with contracts and funding support already secured for the annual recurring revenue target of over $4 billion. Due to customer design adjustments and supplier delivery timelines, the expected realization time has been postponed from the end of 2026 to January 2027, and it may extend to February. Additionally, after the end of the quarter, the company signed a five-year AI cloud service contract, priced at approximately $22 million per megawatt, with the customer prepaying 90% of the GPU capital expenditures.