India’s $18B Chip Push, Nvidia’s $100B AI Bet & Michelob Ultra Tops U.S. Beers

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Dear Money Master,

In this week’s news, India is making its boldest economic gamble yet, approving $18 billion in semiconductor projects to build a chip ecosystem from scratch. At the same time, Nvidia is going even bigger, committing a jaw-dropping $100 billion to OpenAI to power massive AI data centers, a sign of how central GPUs have become to the global economy.

On the consumer front, Anheuser-Busch’s Michelob Ultra has pulled off a stunning comeback, dethroning Modelo Especial as America’s best-selling beer after Bud Light’s steep fall from grace. 🍺 Meanwhile, Amazon is reshaping its strategy: shutting all of its Fresh supermarkets in the U.K. while celebrating the Nasdaq debut of Pattern, one of its largest resellers, which raised $300 million.

In autos and crypto, BYD says it’s ready with a “Plan B” if cut off from Nvidia chips, highlighting ongoing U.S.–China tech tensions. And in fintech, crypto startup Zerohash has joined the unicorn club with a $1 billion valuation, backed by Wall Street giants like Morgan Stanley and Apollo.🪙💼

📰 Your Daily Financial Digest - September 24th, 2025

🌍 Economics & Finance:

1. India Launches $18B Chip Push 🏭
   New Delhi approved 10 semiconductor projects worth $18.2B to build fabs, testing, and packaging plants, aiming to reduce import reliance and capture market share as supply chains move away from China. Read More

2. Michelob Ultra Becomes America’s Top Beer 🍺
   Anheuser-Busch’s low-calorie lager dethroned Modelo Especial in both retail and restaurants, reclaiming U.S. dominance after Bud Light lost ground in 2023’s backlash. Read More

3. Amazon to Shut Fresh Stores in U.K. 🛒
   Amazon will close all 19 Fresh supermarkets, with five converting to Whole Foods, citing stronger growth in online grocery delivery. Read More

💻 Technology:

1. Nvidia to Invest $100B in OpenAI Data Centers 🤖
   The AI chipmaker will back OpenAI’s plan to build data centers needing 10 gigawatts of power (equivalent to 4–5M GPUs), underscoring the scale of AI infrastructure demand. Read More

2. BYD Says It Has Backup Plan for Nvidia Chips 🚗
   China’s EV giant reassured it can pivot if restricted from Nvidia chips, citing in-house R&D and prior resilience during pandemic chip shortages. Read More

3. Amazon Reseller Pattern Debuts on Nasdaq 📈
   Pattern, the No. 2 U.S. Amazon seller, raised $300M in its IPO, closing at $15.63 and reaching a $2.5B valuation. Read More

4. Crypto Startup Zerohash Raises $104M 💵
   Backed by Morgan Stanley, SoFi, and Apollo, Zerohash hit unicorn status at $1B, aiming to expand its crypto infrastructure services for institutions. Read More

💹Earnings:

1. Ennis Posts $13.2M Quarterly Profit 💰
   Revenues were nearly flat at $98.7M, but EPS rose to $0.51 from $0.40 YoY, driven by stronger margins. Read More

2. Cabbacis Loss Widens in H1 2025 📉
   The development-stage company posted a net loss of $735K, up from $299K last year, with no revenue reported. Read More

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