Andrew, Ben, and Tom discuss China&#x27;s $295 billion AI infrastructure plan that hands 80% of the buildout to Huawei and squeezes out Nvidia and AMD, Taiwan&#x27;s tightening AI chip export controls, Korea&#x27;s 8% rebound after yesterday&#x27;s circuit breaker, OpenAI&#x27;s S-1 filing as it races Anthropic to be the first AI lab to go public, the finalized $36 billion Apollo-Blackstone-Google-Anthropic-Broadcom TPU financing deal, and Apple&#x27;s underwhelming WWDC keynote with a slow Siri AI rollout limited outside the US. Join our live YouTube stream Monday through Friday at 8:30 AM EST: http://www.youtube.com/@TheMorningMarketBriefing Please see disclosures: https://www.narwhal.com/disclosure

China's $295B AI Buildout Squeezes Out Nvidia + OpenAI's IPO Race to Catch Anthropic | June 9, 2026 – Morning Market Briefing

The Morning Market Briefing

Hey everybody, welcome to the Morning Market Briefing. Tuesday, 6-9-2026. Hope you're doing well out there. Hope you're having a nice day. Tom, Ben, how we doing? I'm feeling great. It's gonna be a big day. We got a lot to talk about.

Lots to talk about. I want to start off with the AI story. I think that remains top of mind. Specifically, Ben, there was a great tweet yesterday summarizing one of these specific AI deals that we'll get to maybe last in this segment. But just to continue to ramp up massive amounts of capital flowing.

Yeah, China is preparing a 300 billion almost 300 billion dollar fund to fund a nationwide AI build out is a massive deal. I mean, if you just think about what TARP was, and then what this China AI build out is going to be, that's massive 300 billion dollars. It's also about what the CapEx is going to be for Google next year, actually, probably a bit less. So and that doesn't mention all these other companies.

So what's interesting here is that Huawei is going to be providing at least 80% of the technology. So effectively squeezing out Nvidia and AMD. So it bears a couple questions. One is, is this is China reaching the limits on how much they can put into this? And then secondly, even if they do put all this money in, are they going to get the bang for the buck because they're not using the top chips? So that's a question there. The Korean stocks are coming back.

China's $295B AI Buildout Squeezes Out Nvidia + OpenAI's IPO Race to Catch Anthropic | June 9, 2026 – Morning Market Briefing

Read the full transcript

The candid version is on a podcast,
not the earnings call.

China's $295B AI Buildout Squeezes Out Nvidia + OpenAI's IPO Race to Catch Anthropic | June 9, 2026 – Morning Market Briefing

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.