The Rundown OpenAI Signs $38B Cloud Deal with Amazon, Tesla Sales Plummet in European Countries
17 snips
Nov 3, 2025 Markets are buzzing with updates, including a significant drop in Tesla sales across Europe due to rising competition. A massive $38 billion cloud partnership with Amazon marks OpenAI's bold move beyond Microsoft Azure. Meanwhile, NVIDIA's chips are approved for export, signaling major strategic shifts involving tech giants like Microsoft. Berkshire Hathaway boasts a staggering cash pile, raising questions about future leadership as Warren Buffett plans for succession. Kimbery-Clark is facing backlash over a $49 billion acquisition affecting its stock.
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Tesla's European Sales Crisis
- Tesla's October European registrations plunged dramatically, signaling serious regional market share loss.
- Competition from cheaper Chinese EVs and luxury brands plus a stale lineup are driving the decline.
Prepare For A High-Stakes Shareholder Vote
- Vote outcomes on executive pay can reshape investor sentiment and governance narratives quickly.
- If you hold Tesla, prepare to monitor the shareholder vote on Elon's $1 trillion pay package this week and its aftermath.
Middle East Becoming An AI Data Center Hub
- The US approved Microsoft exporting NVIDIA GPUs to the UAE, positioning the Middle East as an AI infrastructure hub.
- Cheap power and sovereign investment could shift sizeable AI data center buildout to the region.