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$92 Million In Banned AI Chips Went From Super Micro To Little Known Chinese Tech Company
$92 Million In Banned AI Chips Went From Super Micro To Little Known Chinese Tech Company
A little-known Chinese tech company saw its stock drop sharply after U.S. authorities charged a co-founder of Super Micro Computer with illegally smuggling advanced AI chips into China, according to Bloomberg.
The case is putting fresh focus on how restricted American technology may still be entering the country.
The company, Sharetronic Data Technology, quickly denied any connection to Super Micro and said it complies with all hardware purchasing regulations. However, newly surfaced records tell a more...
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Apr 13, 2026 / Tyler Durden
US-Sanctioned Tanker Signaling Chinese Ownerships Test Trump Blockade With Hormuz Crossing
US-Sanctioned Tanker Signaling Chinese Ownerships Test Trump Blockade With Hormuz Crossing
Following news that two tankers, one of which indicated China as its destination, had turned around earlier in the day after the Trump blockade of the Straits of Hormuz had kicked in, one of them - a tanker linked to China - is making its way through the Strait of Hormuz, testing President Trump’s naval blockade, Bloomberg reported.
Rich Starry, a 188-meter medium-range tanker earlier known as Full Star, was blacklisted by Washington in 2023 for helping Tehran evade energy...
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Mar 21, 2026 / Tyler Durden
Trevor Milton Is Back And Wants To Produce AI Powered "Fully Autonomous Corporate Jets"
Trevor Milton Is Back And Wants To Produce AI Powered "Fully Autonomous Corporate Jets"
Trevor Milton, founder and former CEO of the now-bankrupt Nikola, is trying to mount a "comeback story".
Through social media, interviews, and bold public claims, Milton once convinced investors that Nikola was on the verge of delivering breakthrough technology with trucks. Now he's going to attempt the same in the aircraft business, according to a new report from the Wall Street Journal.
He has reemerged in the aviation sector through his involvement with SyberJet, a company focused on developing...
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May 5, 2026 / Tyler Durden
Deregulate To Regulate
Deregulate To Regulate
Submitted by Molly Schwartz, Cross-Asset Marco Strategist at Rabobank
We have maintained the view that markets are sorely underestimating the impact that the war in Iran will have on global economies and financial markets, and that one day there would come a reckoning. While markets are still highly volatile and the situation in the Middle East highly uncertain, yesterday’s price action suggested that some traders are getting a reality check.
Remember folks, we’re still in a ceasefire! The iffy terms as to whether other countries in the region like Israel,...
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