Baidu, Inc.

China is experiencing an explosive growth of interest in AI chipmakers - after a historic 500% surge in Moore Threads' "Chinese Nvidia" shares, Baidu is preparing Kunlunxin for an IPO in Hong Kong with a valuation of almost $3 billion, intensifying the race for technological autonomy against the backdrop of U.S. export restrictions. U.S. Treasury debt surpassed $30 trillion for the first time. These and other topics are covered in our review of key events for the morning of December 5.

Morning highlights: China's Nvidia rally, India cuts rate, US drowning in debt

Alphabet Inc.

Broadcom Inc.

According to DA Davidson, the company could take up to 20% of the AI chip market in a matter of years

Google's AI chips could be its $900 billion 'secret ingredient' - Bloomberg

Volkswagen AG

Volkswagen has <a href="https://www.volkswagen-newsroom.com/de/pressemitteilungen/zukunftskonzept-steht-innovationscampus-wird-teil-der-glaesernen-manufaktur-dresden-20022">decided to turn the</a> production site in Dresden, known as the Transparent Manufactory, into an innovation center for artificial intelligence and other advanced technologies. In this way, the carmaker is fulfilling its promise not to close plants in Germany, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-12-04/volkswagen-to-keep-dresden-site-open-as-ai-chip-tech-center">explains</a>.

"Something like Stanford": Volkswagen is repurposing its Dresden plant into an AI center

NVIDIA Corporation

Analysts at Denmark's Saxo Bank annually publish a list of "unlikely but highly influential events that may well happen". The bank calls its forecast "crazy". But as practice and Saxo's analysis shows - even "unlikely", according to experts, events can be realized. Saxo <a href="https://www.home.saxo/en-mena/content/articles/thought-starters/outrageous-predictions-that-went-right-25112025">selected</a> 8 "outrageous" forecasts that eventually came true. And these are:

8 "crazy" Saxo forecasts that came true. What do analysts expect in 2026?

Meta Platforms, Inc.

The European Commission plans to formally announce the investigation in the coming days, two European officials say

EU to launch antitrust investigation into Meta over AI in WhatsApp - FT

Salesforce, Inc.

Microsoft Corporation

The number of paid contracts to use the company's AI agent more than doubled quarter-on-quarter

"Powerful future revenue stream": Salesforce gave strong outlook thanks to AI agents

Advanced Micro Devices, Inc.

Amazon.com, Inc.

The head of Nvidia discussed exports with Donald Trump on Wednesday, Reuters has learned

U.S. Congress won't crack down harder on Nvidia chip sales to China - Bloomberg

The company denies the data on unachieved targets

Microsoft shares sagged on reports of weak sales forecasts for AI products

The main intrigue is whether the company can withstand the pressure from AI competitors

Salesforce stock is down nearly 30% YTD. Why do analysts believe in a reversal?

The listing of OpenAI's main competitor in the enterprise segment could take place in 2026

Chatbot developer Claude Anthropic has hired lawyers to prepare for IPO - FT

Marvell Technology, Inc.

Chatbot creator Claude Anthropic is preparing for one of the largest IPOs. Marvell buys Celestial AI startup Silver hit an all-time high on expectations of a Fed rate cut and growing supply shortages. Read more - in our review of key events for the morning of December 3.

Highlights for the morning: Anthropic IPO, Marvell's big deal and silver records

CrowdStrike Holdings, Inc.

CrowdStrike shares were down about 1.5% in extended trading on Dec. 2.

Artificial intelligence (AI)