US stocks bounced back yesterday as the AI trade came back to life

Europe's Stoxx 600 hit a new ATH for the first time since August

UK's FTSE 100 is teasing ATHs

What we're watching this week:  

Full calendar here

Has there ever been a downfall of such magnitude of any human in history??

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Nvidia is set to oust Jensen Huang after second affair with senior exec (WSJ)

Nvidia is working with an outside firm to identify a new CEO (BBG)

Elon Musk is open to hiring Jensen Huang (X)

Alice Huang has been located in Beijing (BBG)

Alice Huang helped fuel $7.5B in Nvidia chip sales to China (TI)

Nvidia's disappearing Singapore sales deepen spy-affair mystery (WSJ)

Lutnick stalled crackdown on Nvidia chip smuggling to China (AX)

Fed governor Chris Waller calls for 50 bps rate hike (CNBC) 

Investors rush back to AI stocks days after historic selloff (WSJ)

Hedge funds cut risk at the steepest rate in a decade (BBG)

France and Belgium fall foul of Eurozone bond market's new divide (FT)

Banks turn to credit insurance to stretch AI lending limits (FT)

Sixth Street CEO warns AI race is rife with 'speculative behaviors' (BBG)

Wall Street banks could rake $400M in fees from Anthropic IPO (WSJ)

Anthropic IPO is 'Jenga block' holding up next leg of AI trade (BBG)

OpenAI, Anthropic valuations fuel VC fears of startup correction (BBG)

Polymarket cut workforce in a reorganization (BBG)

Chinese university bought Nvidia H200 chips despite US blacklist (RT)

US moved Bessent to military housing following Iran threats (BBG)

Boston leads the way for skilled workforce and intellectual capital (FT)

US plans to sell public lands to reduce the size of the federal estate

French lender Credit Agricole is open to selling fund manager Anima if it merges with $25B-listed Italian peer Banco BPM

German utility ​RWE and ‌KKR agreed to invest $16B in offshore wind projects in UK

Canada's Fairfax Financial plans to sell its 11% stake in Indian non-bank lender IIFL Finance to unlock ‌funds for its $5.6B purchase of a 60% stake in IDBI Bank from India 

Haji Isam, the Indonesian tycoon behind conglomerate Jhonlin Group, is considering buying Eramet's $39% stake in nickel mine Weda Bay Nickel at a $4B valuation

Spanish energy giant Iberdrola is exploring a $220M sale of its solar assets in Germany

Japan's biggest electronics retailer Yamada is considering selling a portfolio of stores for $630M

Miner MMG will revise proposed remedies to secure EU approval for its $500M bid for Anglo American's Brazilian nickel business

UK PE firm Cinven is exploring a sale of UK wealth manager True Potential

LatAm payments transfer fintech Intermex rejected Western Union's decision to terminate their $500M merger

Japanese lender Nomura is exploring a sale of its crypto business Laser Digital Holdings

iHeartMedia is exploring a part or complete sale of its podcast business to raise cash

UK chip startup Fractile raised $720M at a $7B post-money valuation from Thrive Capital, Founders Fund, Conviction, CapitalG, Lightspeed, and others

Physical AI startup Applied Intuition is in talks to raise a $1.5B round at a $30B pre-money valuation led by General Catalyst

Amity, an enterprise AI and customer-experience SaaS, raised a $100M Series D extension from Krungsri Finnovate

Rox, a revenue-agent startup for Global 2000 enterprises, raised a $100M Series B at a $1.3B valuation co-led by General Catalyst and March Capital

Reflect Orbital, a startup building satellites that redirect sunlight to Earth, raised $73.5M in new funding from Sequoia, Lux Capital, and Starship Ventures

Edelbyte, a data infrastructure startup, raised $70M across a seed and Series A at a $500M valuation led by Sequoia and Quiet Capital

Operand, an AI DD platform for PE, raised $31M across a seed and Series A at a $220M valuation led by Khosla Ventures

Greenjoules, a renewable fuels company, raised a $16M Series B co-led by Amazon's Smbhav Venture Fund and Climate Pledge Fund

Luxury watch-trading platform Subdial raised $20M led by Gresham House Ventures  

Plurai, an AI agent simulation startup, raised a $13M seed round led by Team8 

Anthropic's $90B IPO is already multiple times oversubscribed by anchor investors

Chinese memory chipmaker YMTC pushed back its $5B China IPO to Q1

First Abu Dhabi Bank is seeking to raise $4B in a rights issue at a 30% discount

Hong Kong conglomerate CK Hutchison paused a planned $2B dual IPO of pharmacy retailer AS Watson 

Indian non-bank lender Bajaj Finance launched a $1.25B share sale at a 5% discount

Dubai Investments Park jumped 7% in its trading debut after raising $530M in UAE's first IPO of the year

Chinese memory product maker Hosin Electronics and robotics technology platform Amicro Technology raised a combined $227M in their Hong Kong IPOs

Medicus Pharma's dermatology subsidiary SkinJect will go public via SPAC at a $135M pre-money valuation

CoreWeave plans to sell $4B of investment grade bonds

Indian non-bank lenders including Tata Capital, Aditya ​Birla Capital, NIIF Infra Finance, NABARD, and others are seeking to raise a combined $3B in bond sales amid a cheap yield window 

China plans to sell $2B of dollar-denominated bonds in Hong Kong

Gym chain Crunch Fitness is looking to raise $800M in an ABF bond sale 

Chilean forestry company Arauco sold a $400M sustainable hybrid bond to fund a $4.6B Brazil mill

Newton Commercial Finance, a JV between Apple Bank and Eagle Point Credit Management, is in early talks for a $180M bond sale backed by AI chip loans

United Saudi Company raised $150M from Goldman Sachs, HSBC, Fortress, Ruya Partners, and Amwal Capital Partners in the region's first international private credit deal since the Iran war

A $1B loan meant to finance Intersnack Group's $2.9B acquisition of a stake in Utz Brands is already trading at a steep discount well before the deal's expected close

PE firm BC Partners will acquire struggling private credit fund Investcorp Credit Management BDC from Investcorp at a 10% discount to NAV

81 Collection, the VC that backed Colossal Biosciences, raised $82M for its second fund

OKXICE will launch 24/7 trading in tokenized US securities

Crypto stablecoin supply dropped by $14B in the largest decline since 2022 

MSCI will drop Strategy from global indexes 

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Six months before Jensen Huang's spy-affair scandal broke, a 31-year-old short seller published a report on Nvidia's China problem, specifically Jensen Huang's "uncomfortably close" relationship with a Singapore data center executive. His thesis has since been fully vindicated. Check out WSJ's profile on short seller Christian Lamarco.