{"id":74222,"date":"2026-11-05T16:08:18","date_gmt":"2026-11-05T20:08:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-eyes-telecom-retrofits-for-ai-growth-burry-trims-chip-puts\/74222\/"},"modified":"2026-11-05T16:08:18","modified_gmt":"2026-11-05T20:08:18","slug":"nvidia-eyes-telecom-retrofits-for-ai-growth-burry-trims-chip-puts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-eyes-telecom-retrofits-for-ai-growth-burry-trims-chip-puts\/74222\/","title":{"rendered":"Nvidia Eyes Telecom Retrofits for AI Growth; Burry Trims Chip Puts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> is reportedly in talks with <strong>Apollo Global Management (<a href=\"\/stock\/APO\">APO<\/a>)<\/strong> to repurpose <strong>Brightspeed<\/strong> telecom assets into a network of small AI data centers to bypass local construction bans.<\/li>\n<li><strong>Michael Burry<\/strong> disclosed selling <strong>25%<\/strong> of his bearish put options on the <strong>VanEck Semiconductor ETF (<a href=\"\/stock\/SMH\">SMH<\/a>)<\/strong>, though he maintains a &quot;very large&quot; short position against the sector.<\/li>\n<li><strong>Brent Crude<\/strong> and <strong>WTI<\/strong> futures rebounded sharply on Thursday, settling up <strong>3.88%<\/strong> and <strong>2.72%<\/strong> respectively, as markets weighed new nuclear proposals from <strong>Iran<\/strong> against ongoing regional tensions.<\/li>\n<li><strong>U.S. House Republicans<\/strong> have requested a formal briefing from <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> CEO <strong>Jensen Huang<\/strong> regarding alleged links to Chinese intelligence assets and safeguards for sensitive AI technology.<\/li>\n<li><strong>Secretary of State Marco Rubio<\/strong> is reportedly considering a resignation following significant GOP losses in the midterm elections, though the State Department has dismissed the reports as &quot;fake news.&quot;<\/li>\n<\/ul>\n<h2>Nvidia\u2019s Infrastructure Pivot<\/h2>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) has approached private equity giant Apollo Global Management (<a href=\"\/stock\/APO\">APO<\/a>) to explore a strategic workaround for the growing public backlash against large-scale data centers. The plan involves retrofitting existing <strong>Brightspeed<\/strong> telephone buildings into a distributed network of small AI data centers across 20 states. This move follows the approval of measures in at least ten U.S. states to restrict or ban new data center construction due to high water and energy consumption.<\/p>\n<p>By utilizing its new <strong>DSX POD<\/strong> modular infrastructure, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> claims it can convert abandoned industrial sites or underutilized telecom hubs into working data centers in as little as <strong>14 days<\/strong>. This &quot;brownfield&quot; strategy aims to minimize the environmental footprint and community friction associated with traditional &quot;greenfield&quot; projects.<\/p>\n<h2>Burry Trims Semiconductor Short<\/h2>\n<p>Famed investor <strong>Michael Burry<\/strong> has partially retreated from his massive bet against the semiconductor industry. On Thursday, Burry announced he sold <strong>25%<\/strong> of his put options on the <strong>VanEck Semiconductor ETF (<a href=\"\/stock\/SMH\">SMH<\/a>)<\/strong>, an exchange-traded fund where <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) holds a nearly <strong>20%<\/strong> weighting. Despite the trim, Burry noted that his remaining bearish exposure remains significant, citing concerns over an &quot;unsustainable&quot; AI-driven rally.<\/p>\n<h2>Geopolitical and Energy Volatility<\/h2>\n<p>Energy markets saw a sharp reversal on Thursday, with <strong>Brent Crude<\/strong> settling at <strong>$98.29\/bbl<\/strong> (up $3.67) and <strong>US Crude (WTI)<\/strong> at <strong>$90.52\/bbl<\/strong> (up $2.40). The price action comes as <strong>Iran<\/strong> delivered a new nuclear proposal via <strong>Qatar<\/strong>, setting seven specific demands\u2014including the lifting of oil sanctions\u2014before formal discussions can resume. Simultaneously, the <strong>IRGC<\/strong> claimed to have downed a sixth U.S. <strong>MQM-170<\/strong> drone over Qeshm Island, further complicating the diplomatic outlook.<\/p>\n<p>In Israel, President <strong>Isaac Herzog<\/strong> is set to decide by Sunday which Knesset member will be tasked with forming a new government. The decision follows a highly contested election where Prime Minister <strong>Benjamin Netanyahu<\/strong> lost his majority, leaving the country in a state of political uncertainty.<\/p>\n<h2>Political and Regulatory Scrutiny<\/h2>\n<p>In Washington, <strong>House Republicans<\/strong> are intensifying their oversight of the semiconductor industry. Lawmakers have requested a closed-door briefing from <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> CEO <strong>Jensen Huang<\/strong> by November 18 to address reports of a suspected Chinese spy operation targeting the company. The inquiry focuses on whether China has gained unauthorized access to advanced AI chips restricted under U.S. export controls.<\/p>\n<p>Meanwhile, reports from <strong>Bloomberg<\/strong> suggest that <strong>Secretary of State Marco Rubio<\/strong> is weighing an exit from the administration following the GOP&#39;s midterm performance. While White House sources indicate Rubio may be seeking distance to prepare for a <strong>2028 presidential run<\/strong>, the State Department has issued a firm denial, stating the Secretary continues to &quot;proudly serve.&quot;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) is reportedly in talks with Apollo Global Management (APO) to repurpose Brightspeed telecom assets into a 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