SITUATION DETECTED: TSMC reported that some of its employees’ information, matching records held by a cloud service provider, had been posted online without authorization. The company is investigating and has currently found no evidence that its own systems were compromised.

SITUATION EXPLAINED: Was Jensen Huang pushed out of NVIDIA the way China sidelined Jack Ma? • Jensen resigned as NVIDIA CEO on Nov 12 as the board prepared to oust him • A US government memo reportedly flagged Alice Huang, an exec at NVIDIA customer Megaspeed, as a Chinese intelligence asset • No evidence has been made public and China calls the claim groundless • Jensen hasn't been charged, and Trump says Jensen told him he had "absolutely no idea" she was a spy • If the spy claim doesn't hold up, Jensen's exit looks a lot like Jack Ma's fall in 2020, when Beijing reined in China's richest man after he publicly criticized its financial regulators • Ma's Ant Group IPO was set to be the world's biggest at $34.5B and was halted 2 days before listing • Ma is still involved at Alibaba and was back shaking Xi's hand in Feb 2025 @theojaffee: "Although Jack Ma is no longer the CEO of Alibaba, he is still involved in a large capacity, which Jensen is not. Jensen was pushed out of the company entirely."

SITUATION EXPLAINED: Who wins and who loses now that Jensen Huang is out at NVIDIA? • AI safety advocates, China hawks and anti-big-tech Democrats all had reasons to oppose Jensen, from his push against AI regulation to his lobbying against chip export limits • Jensen once said he disagrees with "almost everything" Anthropic CEO Dario Amodei says, and Dario compared H200 sales to China to "selling nuclear weapons to North Korea" • Trump called Jensen "a fine person" and said he should stay on as CEO just 4 days before he resigned • Lawmakers in both parties now want tougher chip export rules in the coming defense spending bill @theojaffee: "NVIDIA under Jensen, as a founder-led company, was making all of these really ambitious bets on companies like Hugging Face. Could you imagine some professional hired CEO acquiring Hugging Face for NVIDIA?"

SITUATION DETECTED: OpenAI is backing a bipartisan congressional push for GPU export controls to China, joining Anthropic in supporting measures expected to be attached to the must-pass defense bill before year-end, per Bloomberg.

SITUATION DETECTED: Bloomington, Indiana's city council voted unanimously this week to ban any recursively self-improving entity capable of greatly outperforming all humans on all cognitive tasks from inside city limits, citing existential hazards and loss of human control.

SITUATION EXPLAINED: Anthropic's IPO talk just dropped from $2T to as low as $1.1T, below OpenAI's $1.25T. • Some investors floated $2T in early October, marked it down to $1.5T 3 weeks ago, and are now discussing $1.2T to $1.3T • The Nasdaq 100 then fell 6.4% on Thursday, a record $2.3T single-day wipeout, and valuation questions picked up after Democrats swept Congress • Anthropic's annualized revenue topped $80B at the end of October, with about $35B in revenue over the past 4 quarters • Its filing shows about $895B in committed compute spending, roughly $70B of it due in the next 12 months • Anthropic plans to raise up to $100B in the IPO, with formal marketing starting next week • HSBC's Max Kettner says around $1T would be more comfortable, while Sycomore's David Rainville says $1.2T should attract investors @theojaffee: "If you wanna sell me Anthropic at a discount, like I'll take it, you know."

SiTime - FY2026 Q3 Earnings $SITM $365.00 [-9.5% AH] ✅ Revenue: $298.7M (Est: $290.4M) [+257% YoY] ✅ EPS: $4.01 (Est: $3.41), non-GAAP, GAAP EPS $0.14 Additional Metrics: Gross Margin: 70.7% Operating Income: $129.5M [+739% YoY] Operating Margin: 43.4% Non-GAAP Operating Expenses: $81.6M [+142% YoY] Net Income: $130.3M [+456% YoY] Core CED Revenue Growth: +202% YoY Cash and Equivalents: $324.3M