Daily Brief United States: NVIDIA Corp, Intel Corp, GE Vernova , Pitney Bowes, International Business Machines, Neptune Insurance Holdings, Tesla , Apple , Credo Technology Group Holding and more

• China’s analog chip probe and revived Nvidia antitrust case are part of a deeper strategy to force foreign tech out of its supply chain.
• Nvidia’s China-only B40 flops, with buyers preferring grey market alternatives. Meanwhile, Domestic chipmakers like Novosense and SG Micro have rallied sharply as procurement tilts inward.
• If Beijing blocks Nvidia’s B30A next, it could mark a full commercial exit. U.S. peers like TXN, AMD, and Synopsys may also not be far behind.

• Nvidia takes a $5B stake in Intel and will co-develop custom x86 CPUs for data centers and RTX-integrated SoCs for PCs.
• The phrasing of “fusion of two world-class platforms” signals ambitions beyond just product collaboration. 
• Intel shares surged +30% on the news, while AMD and Arm slumped; toolmakers like ASML and Synopsys rallied on expectations of fresh CapEx.

• GE Vernova, a recent spin-off from General Electric, has seen its stock skyrocket nearly 5x since its separation in April 2024.
• With the company now trading around $628 and an analyst target pushing it to $740, investor enthusiasm is boiling over.
• The latest catalyst?

Key points (machine generated)

• Pitney Bowes is trading at approximately 5x free cash flow after appointing Kurt Wolf as CEO.
• The company has transformed from a distressed credit to a cash-generating entity with growth catalysts like increased share repurchases.
• Despite positive changes, the stock is undervalued with a 20% levered FCF yield, indicating potential for both short-term and long-term growth.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• The geopolitical tech battle between the U.S. and China has taken a sharp turn—and Nvidia is now squarely in the crosshairs.
• In a significant escalation, China’s State Administration for Market Regulation has launched an antitrust probe against Nvidia, claiming the chipmaker violated monopoly laws during its $7 billion acquisition of Israeli firm Mellanox Technologies.
• The regulator’s preliminary findings come at a delicate moment as U.S. and Chinese officials wrap up high-stakes trade talks in Madrid.

• The race toward quantum advantage is entering its most critical phase, and IBM has quietly positioned itself as the frontrunner in a highly competitive field dominated by tech giants like Google, Microsoft, and Amazon.
• In its Q2 2025 earnings call, IBM confirmed a major milestone: the deployment of IBM Quantum System Two in Japan, the first such system outside the United States.
• This isn’t just a milestone in hardware—it signals IBM’s intent to establish global leadership in quantum computing infrastructure.

• They offer a range of residential and commercial insurance products — including primary flood insurance, excess flood insurance, and parametric earthquake insurance — distributed through a nationwide network of agencies.
• They had revenue of $84.9 million and $119.3 million and net income of $17.9 million and $34.6 million in 2023 and 2024, respectively.
• Neptune Insurance Holdings is set to become the sixth insurance-related IPO of 2025.

• In a bold and highly publicized move, Tesla CEO Elon Musk recently purchased $1 billion worth of Tesla shares, raising questions about whether this insider action can restore near-term investor confidence in the electric vehicle giant.
• Coming on the heels of a tumultuous few quarters marked by falling regulatory credit revenue, inflationary cost pressures from tariffs, and increased capital expenditures for AI and energy storage initiatives, the purchase is being framed as a powerful show of confidence in Tesla’s long-term vision.
• At the same time, Tesla’s recent Q2 2025 results showcased significant advancements including the rollout of robotaxis in Austin, substantial progress on Optimus humanoid robots, and growing traction for FSD software.

• Apple shares are on the rise again, powered by stronger-than-expected demand for the newly launched iPhone 17.
• After stumbling below $230 in the wake of a lukewarm launch event, Apple stock rebounded to $236.57, up 1.1% on the day, outpacing the S&P 500’s 0.5% gain.
• While initial reactions to the iPhone 17 were muted, investors are now reassessing their expectations in light of robust preorder volumes and significantly extended delivery times — both of which suggest consumer enthusiasm is running high, particularly in key markets like the U.S., China, and the U.K. This dynamic mirrors — and in some metrics, surpasses — what was seen during last year’s iPhone 16 cycle.

• Credo Technology Group reported strong financial performance in the first quarter of fiscal 2026, with revenue reaching $223 million, marking a 31% sequential increase and a substantial 274% rise year-over-year.
• The company achieved a non-GAAP gross margin of 67.6% and nearly $100 million in non-GAAP net income.
• This growth is primarily driven by increased demand from hyperscalers and data center operators investing in AI infrastructure, necessitating high-speed connectivity solutions.