Caroline Hyde

Coming up, Nvidia strikes a deal to invest $2 billion in chip design software maker Synopsys, one of its own suppliers.

Plus, crypto concerns continue amid a wide-ranging sell-off that has strategy and stablecoin Tether in the crosshairs.

And OpenAI is taking an ownership stake in Thrive Holdings, adding to a growing list of circular deals involving the chat GBT maker and its backers.

Oh, we're going to be talking circular deals today with that NVIDIA deal with OpenAI.

But now we look at the broader market and say,

And we're under pressure once again.

We're only off by three tenths percent on the overall Nasdaq 100.

But remember, it had a brutal month of November, the worst sell off that we'd seen since March.

And more broadly, we are starting to reassess these ongoing narratives of AI, momentum trades, crypto.

We're seeing Bitcoin off by another seven percent.

We trade at eighty four thousand six hundred seventy eight.

We're going to deep dive into that.

But you're going to deep dive on some single names right now.

Yeah, are we going to be talking about circular financing?

Maybe.

Nvidia shares higher, Synoptys shares higher, but off their session highs.

Nvidia investing $2 billion, buying into Synopsys at $414.79 a share.

You can see we're now pretty far beyond that.

What will happen is Synopsys will take NVIDIA's GPUs and its software library CUDA X and basically integrate it into the number one tool for designing and validating chips.

But on a webcast just now, Jensen Wang, NVIDIA CEO, saying there is no requirement that Synopsys buy GPUs as part of the deal.