NVIDIA CEO Jensen Huang warned that advanced AI memory shortages may last years, with strong data-center demand sustaining sales and pressure on AI processor supply. NVIDIA is reportedly weighing a ~$250B financing guarantee to back OpenAI’s lease for a large Ohio data center, though some investors flagged worries about possible circular funding ties. The EU plans to fund €10B for seven AI gigafactories and seeks €20B in private funding, with facilities to start within 18 months after contracts; NVIDIA signed a letter of intent to supply chips. NVIDIA’s price action and valuation drive near-term momentum, with coverage noting its market behavior and valuation metrics as primary factors, not linked directly to other Big Tech capex moves. Situational Awareness sold most of its public stock portfolio, including a large NVIDIA stake, to Citadel after losses from the AI stock sell-off.