David Qin | Design × Markets

A basket of Chip CDS now trades wider than a basket of Hyperscaler CDS for the first time

Apple Store Subscription Sign-Up Controversy Exposed macrumors.com/2026/11/08/app…

Whales are buying the $ETH dip as the market crashes! Wallet 0xFD10 borrowed 22M $USDT from Aave, then spent 21.55M $USDT to buy 10,000 $ETH at $2,155. Wallet 0x4AB7 withdrew another 3,500 $ETH ($7.53M) from #Binance 10 minutes ago, bringing its total withdrawals over the past week to 16,577 $ETH ($37.5M). arkm.com/explorer/address/0x… arkm.com/explorer/address/0x…

BREAKING: US data center construction spending jumped +90% YoY in September, to a record annualized rate of $96.5 billion. This also marks the largest YoY increase in 10 years. This figure is now risen more than +60% YoY for 4 consecutive months. Since the start of 2024, data center construction spending has nearly quadrupled. Meanwhile, general office construction spending fell -8% YoY in September, to $46.0 billion, near its lowest level since January 2016. This brought the gap between data center and general office construction spending to a record $50.5 billion. Overall, US construction spending fell -1.9% MoM in September, its biggest monthly decline since April 2020. The AI infrastructure buildout is transforming the US economy.

Big tech is undergoing a fundamental transformation, shifting from asset-light to asset-heavy business models. CapEx as a % of revenue are all at record highs: -Meta: 43% -Microsoft: 39% -Google: 34% -Amazon: 27% Result: we've seen a re-rating with all 4 trading at a lower valuation multiple than a year ago. Video: youtube.com/watch?v=YoPyie7y…

🚨 🚨 🚨 🚨 1,000 $BTC (75,056,408 USD) transferred from #CryptoCom to unknown wallet whale-alert.io/tx/bitcoin/d7…

NEW in Power On: Apple CEO John Ternus held a closed-door meeting with Craig Federighi in the last few weeks, pushing his software chief to accelerate Apple’s AI road map and move beyond Siri improvements amid concerns about falling behind rivals. bloomberg.com/news/newslette…

ELON MUSK'S TERAFAB REPORTEDLY WANTS TO MAKE 1 MILLION CHIP WAFERS A MONTH BY 2032 The chip venture between Tesla $TSLA and SpaceX $SPCX told its equipment suppliers it's targeting: - 700,000 wafers a month for memory chips - 300,000 wafers a month for logic chips That's per Nikkei. For scale, Samsung's entire DRAM capacity is roughly 650,000 to 700,000 wafers a month. The first phase is a $16.8B chip complex in Grimes County, Texas.

TSMC is exploring plans to make advanced 3D memory chips at Nvidia’s request, according to people familiar with the matter. The move could put the chipmaking giant in direct competition with Samsung, SK Hynix and Micron. Read more: thein.fo/4j1lknw

Hyperliquid whales are adding to their bitcoin:native shorts. Their net positioning turned short 2 weeks ago after 7 months of being long. Short exposure is now the largest since October 2025. The last time they were this short, price moved down considerably.

Apple Releasing Yet Another Two New Products Next Week macrumors.com/2026/11/06/two…

Here's a look at stocks with $1+ billion market caps down 50%+ over the last month:

We Visited China’s Stargate in Inner Mongolia A wind-powered 800MW campus, 120MW built within a year, a 5MW SST-native 800V DC pilot and a cooling design without central chillers newsletter.semianalysis.com/…

This selloff has been DEVASTATING. The AI stocks have erased $13.2 TRILLION in market value from stocks’ 2026 highs. Only U.S and China have an annual GDP larger than that loss. Market value erased at six AI giants: - Alphabet: $1.62 trillion lost (−32%) - Nvidia: $1.49 trillion lost (−25%) - Broadcom: $965 billion lost (−41%) - TSMC: $700 billion lost (−28%) - Micron: $678 billion lost (−48%) - Meta: $501 billion lost (−25%) Average declines from 2026 highs, by sector: - AI software stocks −36% - AI chip stocks −43% - Data center stocks −50% - AI power stocks −53% - Memory stocks −60%