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Iran Issues Nuclear Fallout Safety Guidance Amid Fears of Potential US Strike on Underground Facility

• Iran is reportedly preparing for a possible US bunker-busting strike on its underground nuclear facilities following political developments after the US midterm elections, The Times reported.
• Videos circulating online show Iranian authorities briefing residents on a potential nuclear explosion at the Pickaxe Mountain facility, located about one mile south of the Natanz uranium enrichment site.
• The facility is reportedly hardened against conventional weapons and believed to house senior Iranian scientists.
• The guidance outlines distances to nearby population centres, including Natanz at 17 miles, Kashan at 25 miles, Isfahan at 117 miles and Tehran at 223 miles.
• Residents are instructed to "Get indoors, stay indoors, and stay informed" in the event of an attack.
• The video warns that radioactive debris could be carried hundreds of miles by strong winds. Communities closest to the facility may have only 10 to 15 minutes to seek shelter, while more distant areas could have several hours.

$2.5 Billion Binance Heist Exploited Ethereum's EIP-7702 Feature, Hackers Paid Just $15 in Fees

• Hackers used an Ethereum EIP-7702 permission to transfer approximately $2.5 billion from Binance in a single transaction, paying just $15 in fees.
• The permission allowed attackers to continue draining a hot wallet even after Binance halted withdrawals.
• Bloomberg reported that the single transfer accounted for around 40% of the record $6.3 billion theft.
• Binance said it revoked the malicious delegation and rebuilt the affected infrastructure to prevent further unauthorised access.
• The FBI attributed the record heist to North Korea's TraderTraitor group. Pyongyang rejected the accusation, calling it "a trite provocation".

Rupee Hits Six-Month High of 93.91 Against US Dollar as FPI Inflows and Lower Oil Prices Support Gains

• The Indian rupee closed at a six-month high of 93.91 per dollar on Friday, marking its sixth consecutive session of gains.
• The currency gained support as Brent crude prices declined from their October 30 peak, easing concerns over India's import bill.
• Foreign portfolio investors bought a net $1.6 billion worth of Indian equities on Thursday, even as the Nasdaq Composite fell following the Democrats' midterm victory, Reuters reported.
• However, Anil Kumar Bhansali of Finrex Treasury Advisors warned that the RBI's forward positions exceeding $200 billion could create pressure on the rupee.
• Despite the recent recovery, the rupee remains down approximately 5% against the dollar this year.

US Stocks Rebound Sharply as AI and Semiconductor Shares Lead Gains

• US equities rallied on Friday, with the Nasdaq Composite rising 2% and the S&P 500 gaining 1.1%, as technology stocks recovered from this week's heavy sell-off.
• Nvidia climbed as much as 7.3% intraday after plunging 9.3% on Thursday.
• The Philadelphia Semiconductor Index surged 6.8%, led by AMD, which jumped 13%, and SanDisk, which gained 12%.
• Cloud computing stocks also rebounded strongly. CoreWeave rose 6.3%, Nebius gained 8.6%, and the Roundhill Neocloud ETF advanced 8.8%.
• Cloudflare surged 11.7% after reporting third-quarter revenue above market expectations.
• Meanwhile, US Democrats are reportedly preparing investigations into Apple, Meta Platforms and companies controlled by Elon Musk.
• Apple fell 1%, while Meta remained up more than 1%. SpaceX and Tesla gained approximately 5% and 2%, respectively.

Trump Weighs New Military Strikes on Iran as Qatar Pushes Two-Day Peace Proposal

• US President Donald Trump met his national security team on Thursday for his first Iran-focused meeting since the US midterm elections. He told reporters that a decision on the situation would come "soon", Axios reported.
• Trump said he would "rather not destroy" Iran but suggested military action could become necessary as Washington weighs further strikes, economic pressure or a diplomatic agreement.
• Qatari mediators have proposed a two-day framework aimed at easing tensions and reopening negotiations.
• Under the proposal, the US would lift its naval blockade and release some frozen Iranian funds, while Iran would allow International Atomic Energy Agency (IAEA) inspectors to return and reopen the Strait of Hormuz.
• However, Iran's Mohsen Rezaei said the Strait of Hormuz would remain closed and negotiations would not resume until Washington meets Tehran's seven conditions.
• Iran's demands reportedly include war reparations and sanctions relief.

Angel One Overtakes Zerodha to Become India's Second-Largest Broker by Active Investors

• Angel One ended October with 69.98 lakh active investors on the NSE, overtaking Zerodha's 67.6 lakh, according to NSE data.
• This marks the first reshuffle among India's top three brokers since October 2023, when Groww overtook Zerodha.
• Groww continues to lead the industry with a 29.43% market share.
• Angel One's total registered client base increased 17.4% year on year to 4.06 crore.

AI Sell-Off Spreads Across Asia as KOSPI Triggers Circuit Breaker and Taiwan Stocks Plunge

• Asian markets plunged on Friday as Wall Street's AI-led sell-off spread across the region, with South Korea's KOSPI briefly triggering a circuit breaker and Taiwan's benchmark TAIEX falling nearly 9%.
• Japan's Nikkei 225 also dropped sharply, while Taiwan's TAIEX and Japan's Nikkei entered technical bear market territory amid heavy selling in technology stocks.
• Semiconductor shares bore the brunt of the decline. TSMC fell close to its daily trading limit, while SK Hynix, Samsung Electronics, SoftBank and Advantest also recorded steep losses.
• The sell-off followed a sharp Wall Street decline, including a record $2.3 trillion wipeout in the Nasdaq 100 on Thursday. The Nasdaq Composite also entered correction territory.
• Investors are concerned that the Democrats' strong performance in the US midterm elections could lead to tighter regulations on AI data centre construction, potentially slowing infrastructure investment and demand for AI chips.
• South Korea's finance ministry announced a temporary waiver of collateral requirements on brokerage margin loans from November 9 to prevent forced liquidations. Taiwan's stabilisation fund also authorised market support measures.
• Saxo strategist Charu Chanana said markets were repricing expectations for future US infrastructure demand rather than reacting to an immediate collapse in AI demand. Saxo Markets' Neil Wilson described the market reaction as "totally overdone".
• The sell-off also wiped out more than $18 billion in wealth held by Asian technology billionaires. Investors are now watching Nvidia's November 17 results for further signals about AI demand.

Sensex and Nifty Post Best Weekly Rally Since February 2021, Add ₹28 Lakh Crore in Market Value

• The Sensex and Nifty 50 recorded their strongest weekly performance since February 2021, closing at their highest levels in eight months on Friday.
• Both benchmarks rallied for seven consecutive sessions, defying a global technology sell-off driven by concerns over AI stocks.
• Foreign institutional investors returned to Indian equities, purchasing approximately ₹31,000 crore worth of shares from Monday to Thursday, following record outflows.
• Brent crude prices declined sharply as concerns over the West Asia conflict eased, providing additional support to Indian equities.
• The rally added nearly ₹28 lakh crore to the total market capitalisation of companies listed on the BSE.
• Despite the strong recovery, both the Sensex and Nifty remain in negative territory for 2026.

South Korea Waives Margin Loan Collateral Rules for Three Months as Asian Stock Sell-Off Deepens

• South Korea will temporarily waive collateral requirements on brokerage margin loans for three months starting Monday to prevent forced liquidations, officials said.
• The move comes amid a sharp sell-off across Asian markets, with the KOSPI briefly triggering a circuit breaker while Japan's Nikkei 225 entered a technical bear market.
• Semiconductor stocks faced heavy selling pressure, with SK Hynix and TSMC among the major decliners.
• The sell-off followed concerns that the Democrats' strong performance in the US midterm elections could lead to tighter regulations on AI data centre construction.
• Saxo Bank warned that forced liquidations could make the market decline self-reinforcing, as falling prices trigger further selling.

Bank of America Maintains Risk-Averse Stance on US Stocks, Sets Conditions for Turning Bullish

• US stocks showed signs of stabilisation on Friday as bargain hunters stepped in to buy beaten-down AI-related shares. However, the severity of this week's sell-off has left investors uncertain whether the worst is over.
• Bank of America strategist Michael Hartnett and his team reported that equity funds attracted $92.3 billion in inflows over the four weeks ending Wednesday, the biggest increase since June.
• Despite the strong inflows, Hartnett's team continues to maintain a risk-averse stance on equities.
• The team said it would become more optimistic about financial market conditions only when three conditions are met:
  1. The Federal Reserve stops raising interest rates.
  2. The US 10-year Treasury yield falls below 4.5%.
  3. Oil prices decline below $80 per barrel.

• BofA Asia FX and Rates Strategist Claudio Piron said the Korean won's recent weakness alongside AI-related equities could offer an opportunity to build long positions.
• He highlighted South Korea's sizeable current-account surplus as a strong structural support for the currency.
• Piron expects the country's external surplus to gradually support the won despite recent market volatility.

AI Now Drives Nearly Half of S&P 500's Market Value as Its Influence Spreads Across US Economy

• The latest US stock sell-off highlights how deeply artificial intelligence has become embedded in financial markets, with concerns over potential restrictions on data centre construction triggering broad market declines.
• As of November 3, the S&P 500's total market capitalisation had increased by nearly $32 trillion since OpenAI launched ChatGPT.
• More than half of that increase came from just 10 companies, all linked to artificial intelligence.
• Technology accounts for approximately 44% of US pension fund holdings, representing around $6.1 trillion in assets.
• AI's influence now extends well beyond technology companies. Power generators, turbine manufacturers, uranium miners and other businesses tied to the AI infrastructure boom are increasingly moving in line with sentiment across the AI industry.

Tesla to Scale Back Cybertruck Production, Shift Texas Factory Capacity to Cybercab

• Elon Musk said Tesla plans to gradually reduce Cybertruck production at its Texas factory from mid-2027 to free up manufacturing capacity for the Cybercab.
• The Cybertruck has been produced near Austin since 2023 but has struggled to meet market demand and faced multiple recalls.
• Musk's social media post did not clarify whether Cybertruck production would be shifted to other factories or discontinued entirely.
• Tesla began producing its gold-coloured, two-seat Cybercab at the Austin facility this year. The autonomous vehicle is designed specifically for Robotaxi services.
• The Cybercab is central to Tesla's broader strategy of expanding beyond electric vehicles into AI-driven products, including humanoid robots.
• Musk previously projected potential annual Cybertruck production of more than 250,000 units, depending on demand. However, first-year sales were less than one-sixth of that target.

Crédit Mutuel Arkéa Hit by €100 Million Cyberattack Targeting Bank's Own Funds

• French banking group Crédit Mutuel Arkéa has reportedly lost approximately €100 million in a major cyberattack targeting the bank's own funds rather than customer accounts.
• Attackers allegedly exploited a platform operated by a third-party service provider to execute fraudulent transactions through an account belonging to the bank.
• The bank temporarily restricted certain transfers following the incident but said customer assets were not affected.
• French cybercrime authorities have opened an investigation, while the bank has notified French banking regulators and the European Central Bank.
• Efforts are underway to recover the stolen funds. Crédit Mutuel Arkéa serves more than 5.8 million customers.

US Stock Sell-Off Drives Safe-Haven Demand for Treasuries as Traders Bet on Lower Yields

• Investors moved into US Treasuries this week as a global equity sell-off following the US midterm elections triggered safe-haven demand.
• The 10-year US Treasury yield fell to its lowest level since early September and stood at 4.82% on Friday, as expectations of further Federal Reserve rate hikes continued to weaken.
• Bond traders are positioning for further declines in yields. Options trades indicate bets on the 10-year yield falling to 4.7% by the end of next week, while another trade expiring November 20 targets approximately 4.35%.
• Markets were awaiting the US October jobs report on Friday for further clues about the economy and the Fed's policy outlook.
• TD Securities' Head of US Interest Rate Strategy Gennadiy Goldberg expects the jobs data to be slightly weak but said markets remain focused on economic fundamentals.
• Goldberg described the US economy as relatively strong, with a labour market characterised by "low hiring, low layoffs". He added that markets have significantly reduced expectations of further rate hikes in recent weeks.

Edelweiss Chairman Calls for Scrapping Capital Gains Tax on Foreign Investors

• Rashesh Shah, Chairman and Managing Director of Edelweiss Financial Services, has urged India to consider abolishing capital gains tax on foreign investors to revive stock market inflows and support the rupee.
• Speaking in Mumbai on Friday, Shah said removing the tax could be a relatively straightforward way to send a positive signal to overseas investors and position India as a long-term investment destination.
• His comments add to growing demands from market participants for an exemption from long-term capital gains tax on foreign investments in Indian-listed equities.
• Earlier this week, Finance Minister Nirmala Sitharaman said the government would consider changes to equity-related tax policies but did not clarify whether capital gains tax or securities transaction tax was under review.

Uttar Pradesh Doubles Disaster Relief for Families of Deceased, Raises Crop Compensation

• Chief Minister Yogi Adityanath's government has increased financial assistance for families of people killed in natural disasters to ₹8 lakh from ₹4 lakh, Amar Ujala reported.
• Compensation for crop losses in rain-fed areas has been raised to ₹11,000 per hectare from ₹8,500.
• Assistance for crop damage on irrigated land and livestock losses has also been increased under the revised relief norms.
• The revised norms raise crop-loss compensation by 25% to 30% and are expected to benefit more than 10 lakh farmers.
• The Relief Commissioner has directed district magistrates to report losses recorded between April 1 and November 4. Payments will be transferred directly to beneficiaries through Direct Benefit Transfer (DBT).

Asian AI Sell-Off Wipes Out Over $18 Billion in Wealth of Billionaires

• The global technology stock sell-off spread across Asia on Friday, hitting semiconductor and AI-linked companies and sharply reducing the fortunes of some of the region's wealthiest individuals.
• The combined wealth of 22 billionaires from China, Japan, South Korea and other Asian economies, all among the world's 500 richest people, fell by more than $21 billion at one point before the decline narrowed to over $18 billion.
• SoftBank Group founder Masayoshi Son suffered the biggest loss, with his personal fortune falling by $3.9 billion to approximately $29 billion.
• Keyence founder Takemitsu Takizaki and ASE Technology Holding chief Chang Chien-sheng, Singapore's richest man, each saw their wealth decline by at least $1 billion.
• The combined wealth of Samsung Electronics shareholder Lee Jae-yong's family, including his mother and sister, dropped by approximately $2.5 billion.

IRGC Claims Two Oil Tankers Caught Fire After Hitting Mines in Strait of Hormuz

• Iran's Islamic Revolutionary Guard Corps (IRGC) Navy said two oil tankers were struck by sea mines and caught fire in the Strait of Hormuz.
• According to the IRGC, one tanker was in the eastern sector of the strait and the other in nearby waters. Both vessels were forced to stop after the alleged mine strikes.
• The IRGC claimed the tankers had switched off their navigation and identification systems and were attempting to transit through unauthorised shipping channels with US military support.
• The Iranian force declared the Strait of Hormuz closed, saying the restrictions would remain until its stated "seven conditions" were met.
• It also accused US Central Command of attempting to guide tankers through mined waters and warned that such efforts would fail.

Qatar's Emir Holds Phone Call With Trump, Discusses Regional De-escalation

• Qatar's Emir Sheikh Tamim bin Hamad Al Thani received a phone call from US President Donald Trump on November 6, the Emir's office announced.
• The two leaders reviewed their strategic relationship and discussed ways to strengthen bilateral cooperation.
• Discussions also focused on regional developments and diplomatic efforts to ease tensions and resolve the ongoing crisis.
• They exchanged views on international mediation efforts, including Qatar's role in encouraging parties to bridge differences and support negotiations toward a comprehensive agreement.
• The Emir stressed that dialogue and diplomacy must remain the priority to prevent further escalation, while safeguarding freedom of navigation and the security of energy supplies.

FGE: Iranian Oil Exports Near Zero, Near-Term US-Iran Peace Deal Unlikely

• Energy consultancy FGE NexantECA says Iranian oil exports have nearly ground to a halt following US maritime blockade measures, while the prospects of a near-term agreement to end the conflict remain very low.
• FGE Chairman Emeritus Fereidoun Fesharaki said Republicans' poor performance in the US midterm elections has led Tehran to believe that President Donald Trump's political position has weakened.
• Fesharaki said Iran's current demands are unacceptable to the White House, making a diplomatic breakthrough difficult.
• He warned that the situation is worse than it was before the June Memorandum of Understanding, which had temporarily reopened the Strait of Hormuz.
• Fesharaki also assessed that the risk of renewed military strikes against Iran is high, as Trump and Israeli Prime Minister Benjamin Netanyahu face a narrowing window to act.

South Korea Says AI and Semiconductor Demand Remains Strong Despite Market Volatility

• South Korea's Ministry of Economy and Finance held a meeting with semiconductor experts to assess industry trends and future demand amid concerns over potential US regulations on AI data centres and recent stock market volatility.
• Participants said the medium to long-term growth outlook for the AI and semiconductor industries remains intact, supported by large-scale investments and expansion plans from major AI companies.
• Wider adoption of AI-powered intelligent agents is also expected to drive additional semiconductor demand.
• Experts said there are no clear signs of a slowdown in AI investment or chip demand despite concerns in financial markets.
• Expanding long-term supply contracts for domestic semiconductor companies are expected to support stable demand in the near term.

• Japan's Nikkei 225 plunged 6% to 57,410.91, falling more than 20% below its June closing peak and entering a technical bear market.
• South Korea's KOSPI dropped 6.02% to 5,059.65 after falling more than 8% intraday, briefly slipping below 5,000 and triggering the year's 11th circuit breaker.
• KOSDAQ fell 5%, while SK Hynix lost more than 10% and Samsung Electronics declined 6.35%.
• South Korea's government convened an emergency meeting to review market conditions as losses narrowed from intraday lows.

Iranian-Linked Vessels Spotted Near Undersea Cables After Tehran's Threats

• According to the Financial Times, maritime analytics firm Windward tracked at least four Iran-linked vessels taking unusual routes and lingering near undersea cable corridors in the Gulf of Oman over several days.
• The activity followed Iran's warning that it could target undersea cables and data centres if the US and Israel launched another round of strikes.
• Three of the vessels were oil tankers under US sanctions, while the fourth was a small Iranian fishing boat. The fishing boat was observed loitering above the Europe-India Gateway and Transworld cables between October 21 and 26.
• TeleGeography data shows that six undersea cables currently cross the Strait of Hormuz, with three more under construction.
• Iraq, Kuwait, Bahrain and Qatar rely entirely on undersea cables passing through the Strait, leaving their internet connectivity vulnerable to potential disruptions.

Putin Places Japan Tobacco's Russian Businesses Under Temporary State Management

• Russian President Vladimir Putin signed a decree on November 5 placing the four Russian units of Japan Tobacco International (JTI) under temporary management by Industrial Assets, according to Interfax.
• The businesses account for around 40% of Russia's cigarette market. The decree did not provide a reason for the takeover.
• Industrial Assets was registered on September 16 and is reportedly owned by Sergei Dremov, a former Federal Security Service (FSB) officer, according to The Moscow Times.
• The move follows similar temporary takeovers involving the Russian assets of Nestlé and Metro.
• Japan's Foreign Ministry said on November 6 that it had lodged a formal protest with the Russian ambassador, demanding that Moscow revoke its decision.
• Japan Tobacco said it is carefully assessing the situation and considering potential responses.
• The development comes amid strained Japan-Russia relations, following the arrest of a Japanese journalist in Russia on espionage charges.

India-US Interim Trade Pact Faces Uncertainty as Section 301 Probe Remains Key Risk

• Indian officials said the interim trade pact with the US is an executive-level framework and does not require approval through a vote in the US Congress, despite Democrats winning both chambers.
• However, a US Section 301 investigation into excess industrial capacity across 16 economies, including India, could lead to changes in tariffs before its March 2027 deadline, Firstpost reported.
• Ajay Srivastava of the Global Trade Research Initiative (GTRI) said President Donald Trump needs a quick trade policy win and suggested an agreement could be reached within two months.
• Emkay Global, however, sees less urgency for an early agreement.
• Sources indicated that while the interim pact itself does not require a congressional vote, the ongoing Section 301 investigations remain a bigger obstacle to trade certainty.

OPEC: Middle East Oil Shipping Costs Surge as Freight Rates Rise 12-Fold

• Tanker freight rates for crude shipments from the Middle East to East Asia have increased 12-fold this year, while insurance costs have surged more than 200-fold, according to an OPEC brochure released on Wednesday.
• Freight and insurance costs accounted for an average of 30% of the total cost of crude transported along Middle East to Asia routes in October, compared with just 5% in January.
• The figures were released as OPEC, the International Energy Agency (IEA) and the International Energy Forum (IEF) held a joint workshop on maritime energy security, following a request from OPEC+ ministers in October.
• IEA Executive Director Fatih Birol warned of a "crisis of unprecedented proportions" and urged all parties to protect freedom of maritime navigation.

Uday Kotak Sees Further 50 to 75 BPS RBI Rate Hike, Warns of External Risks

• Kotak Mahindra Bank founder Uday Kotak said on Thursday that the Reserve Bank of India (RBI) could raise the repo rate by another 50 to 75 basis points.
• The RBI raised the repo rate by 25 bps to 5.5% in October, marking its first rate increase in nearly four years amid the Middle East conflict.
• Kotak warned that monetary tightening is putting pressure on long-term bonds, while higher crude oil prices could widen India's current account deficit.
• He said foreign investors could return to Indian markets if US AI stocks begin to appear overvalued, potentially prompting a shift in global investment flows.
• However, around $700 billion in outstanding foreign portfolio investments leaves Indian markets exposed to potential global capital outflows.

Developing Countries' External Debt Hits Record $9.4 Trillion in 2025: World Bank

• External debt across developing countries rose 5.5% in 2025 to a record $9.4 trillion, marking the fastest annual increase since 2021, according to a new World Bank report.
• Bond issuance by public entities jumped nearly 35% to $251 billion as international debt markets reopened. A weaker US dollar also contributed to the increase in reported debt figures.
• World Bank Chief Statistician Haishan Fu said developing countries are "borrowing more, paying more", warning that rising debt servicing costs could crowd out spending on essential sectors such as healthcare and education.
• The poorest countries paid private lenders an average interest rate of 8.2% on new loans in 2025, the highest level since 1989.

India's Gold Demand Recovers as Prices Fall and Wedding Season Boosts Buying

• India's gold demand is gradually recovering as declining prices and the peak wedding season encourage consumers to return to jewellery stores.
• Crisil Ratings, S&P Global's Indian ratings agency, reported higher customer footfall and improved purchase conversion rates at jewellery retailers during the October to December quarter.
• The analysis covered 76 established jewellery retailers, representing around one-third of the Indian jewellery industry's revenue.
• MMTC-PAMP India, the country's largest precious metals refiner, said consumers are showing increased interest in smaller gold coins and bars, allowing them to invest with lower amounts.
• Buyers are also becoming more cautious, preferring smaller purchases rather than large one-time investments at current price levels.
• Despite the recent recovery in retail demand, the World Gold Council expects India's gold imports to fall to their lowest level in six years this year.

Asia's AI-Led Market Selloff Deepens as Hedge Funds Face Heavy Losses

• Aspex Management, one of Asia's largest hedge funds with around $14 billion in assets under management, fell approximately 16% in October following a global selloff in AI related technology stocks, according to people familiar with the matter.
• The decline was among the fund's largest single month losses. Its pan-Asia equity focused strategy was still up around 9% year to date through the end of October.
• Japan's TOPIX fell to its lowest level since April, with the latest decline exceeding 6%.
• Guotai Fund announced that its Nasdaq tracking ETF was trading at a significant premium to its indicative net asset value. The fund will suspend trading from the opening of the afternoon session on November 6 through the market close.
• Saxo Markets Chief Investment Strategist Charu Chanana said Asian markets are particularly vulnerable because of their heavy exposure to the global AI hardware cycle. South Korea and Taiwan have significant exposure through memory and logic chips, while Japan is exposed through semiconductor equipment manufacturers and industrial suppliers.
• Chanana warned that concentrated investor positions in AI beneficiaries have amplified the selloff. The speed and breadth of the decline indicate continued deleveraging and the risk of forced liquidations.
• Capital Economics economist Joe Mach said US equities may struggle to recover their early October highs even if political concerns prove excessive and markets stage a short term rebound.
• Mach said investors are concerned that Democrats at federal and state levels could introduce regulations targeting the AI sector and restrict data centre construction. He warned that existing weaknesses in AI investment sentiment and late cycle characteristics in US equities could trigger a more prolonged unwinding of the AI trade.

600,000 Nvidia H200 AI Chips Await Beijing's Approval for Import Into China

• Around 600,000 Nvidia H200 AI processors are sitting in Hong Kong awaiting approval from Beijing for large scale imports into China, Reuters reported.
• Although Washington has cleared sales to approved Chinese buyers, Beijing has yet to grant broader import permission.
• China has allowed limited shipments of around 10,000 chips each to several major internet companies.
• Limited availability has pushed unofficial server prices sharply higher, with some prices reportedly tripling.
• Separately, Chinese companies ordered around 6 million Nvidia RTX Pro 5500 chips, a less powerful alternative, but expect to receive only about 1% of the orders within four months, according to Bloomberg.