📋 Quick Takeaways

• Nvidia forecasts $65 billion Q4 revenue, beating estimates by $3B and dismissing AI bubble concerns with “sold-out” Blackwell GPU demand
• OpenAI releases GPT-5.1 series with adaptive reasoning, 2-3x faster inference, and improved instruction-following across Instant, Thinking, and Codex models
• White House prepares executive order to preempt state AI laws, establishing federal AI Litigation Task Force to challenge regulations
• Luma AI secures $900 million from Saudi-backed HUMAIN with access to 2-gigawatt AI supercluster; US approves chip exports to Saudi Arabia
• Google DeepMind opens Singapore research lab, first in Southeast Asia, focusing on regional AI collaboration and multilingual model development
• Microsoft Foundry integrates Claude models, making Azure the only cloud offering both Anthropic and OpenAI frontier models together

💰 Nvidia’s Record Forecast Calms AI Bubble Fears

Q3 Results Exceed Expectations, Q4 Guidance Signals Continued Growth

Financial Performance: Nvidia reported third-quarter fiscal 2026 revenue of $57.2 billion on November 19, surpassing Wall Street estimates of $55.2 billion, with data center revenue reaching $51.2 billion. The AI chip leader’s stock surged 5% in after-hours trading as the results eased mounting concerns about an AI investment bubble.