Baird cuts NVIDIA's price target by 60% to $200, warns of slowing growth in AI spending.

Cambridge-based semiconductor startup Tendrils has closed a $30 million seed financing round, equivalent to roughly €26 million, led by Benchmark, with follow-on investments from Visionaries Club, the UK Sovereign AI Fund, FR8, Antimatter, Cloudberry VC, Conviction, Embassy Ventures, and SV Angels, plus multiple angel investors. Founded in 2025, the company was established by CEO Nils Cremer and co-founders T6 and Hugo McNally. It is developing a general-purpose processor architecture that enables thousands of cores to operate in parallel. Based on the interaction network computing model, the new architecture represents programs as interconnected nodes, allowing independent operations to execute simultaneously, and aims to move beyond traditional shared mutable memory and linear instruction sequences. Tendrils is also developing an open-source programming language called Vine, whose syntax is similar to Rust, to simplify software adaptation to this parallel-first architecture. The firm noted that while GPUs have taken on large-scale numerical computing, AI agents still rely heavily on CPUs for irregular tasks such as code execution and document retrieval. Jack Altman, General Partner at Benchmark and co-founder of Lattice, will join Tendrils' board of directors.

According to Lookonchain monitoring, a whale (0xc8b5) has heavily opened long positions on NVDA (NVIDIA) and SNDK (SanDisk). It went long 136,982 NVDA with 5x leverage, valued at approximately $24.2 million, and went long 13,655 SNDK with 2x leverage, worth around $12.7 million.

GMGN APP’s team leaderboard has welcomed new additions: Chengdu Group CDC, KONOHA, Nobody (Anonymous), and HIDEOUT. To date, members of Chengdu Group CDC have generated lifetime profits of $6.67 million, while KONOHA’s members have earned $2.91 million, Nobody’s (Anonymous) members $2.86 million, and HIDEOUT’s members $80,000.

WEEX (Weike) Announcement: BNB Trading Airdrop Underway, Total Prize Pool of 50,000 USDT. During the event, new users who make a net deposit of no less than 100 USDT and complete their first spot trade with BNB (no volume threshold) will get an immediate 10 USDT reward. If that first BNB spot trade results in a loss, users are eligible for platform compensation of up to 50 USDT in bonus funds. Additionally, users with a cumulative BNB spot trading volume of no less than 500 USDT can unlock a lucky blind box valued at 5 to 50 USDT. Invite friends to join the event and earn up to 1,000 USDT in rewards.

According to data from the BIT Stock Platform, during U.S. pre-market trading, Nasdaq futures extended their gains to 2%, S&P 500 futures rose 0.9%, and Dow Jones futures climbed 0.19%.

A whale is going heavily long on $NVDA and $SNDK! Wallet 0xc8b5 opened: 5x long on 136,982 $NVDA ($24.2M) 2x long on 13,655 $SNDK ($12.7M)