Moonshot reportedly sought Nvidia Blackwell access in Europe
Published November 5, 2026 · Updated November 5, 2026 · 3 sources
CNBC reports Chinese AI lab Moonshot turned to Europe for Nvidia Blackwell access amid U.S. curbs; related AI hardware stocks fell between November 4 and 5 closes.
The exposed companies and what ATLAS says about each
Price change between the last close before the event and the latest available close. It is a coincidence in time, not a cause-and-effect relationship.
Designer of the Blackwell GPUs at the center of the reported access sought amid U.S. export curbs on China. · Technology
NVIDIA designs the Blackwell GPUs named in the CNBC headline, so it is directly tied to the reported access request [1]. Its close fell 8.83%, from $200.13 on November 4 to $182.45 on November 5, a coincidence in time between two closes. Its next earnings report is November 17 after the close, with estimated EPS of 2.49.
Price between closes
$200.13 → $182.45Close of November 4 and November 5
Fair value (ATLAS)
$155.16Fair range: $112.11 to $214.75The price ($182.45) is 17.6% above that figure.
Chance of a rise in 1 month
50%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $170.32 and $195.18; 9 in 10, between $150.94 and $220.23.
Maker of AI servers used in GPU data centers, a segment shaped by export controls and Asian data center demand. · Technology
Super Micro Computer makes AI servers used in GPU data centers, a segment shaped by export controls and Asian data center demand; it is included for its activity in the sector, not because the event affects it. Its close fell 9.83%, from $29.60 on November 4 to $26.69 on November 5.
Price between closes
$29.60 → $26.69Close of November 4 and November 5
Fair value (ATLAS)
$71.13Fair range: $58.18 to $86.09The price ($26.69) is 62.5% below that figure.
Chance of a rise in 1 month
46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $22.86 and $29.95; 9 in 10, between $17.99 and $38.06.
Supplier of AI servers and GPU-based infrastructure for data center customers exposed to export restrictions. · Technology
Dell Technologies supplies AI servers and GPU-based infrastructure to data center customers; it is included for its activity in the sector, not because the event affects it. Its close fell 12.57%, from $372.36 on November 4 to $325.56 on November 5. Its next earnings report is November 24 after the close, with estimated EPS of 6.41.
Price between closes
$372.36 → $325.56Close of November 4 and November 5
Fair value (ATLAS)
$229.54Fair range: $168.47 to $312.75The price ($325.56) is 41.8% above that figure.
Chance of a rise in 1 month
46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $276.76 and $366.56; 9 in 10, between $215.73 and $470.25.
GPU cloud operator whose business depends on access to Nvidia Blackwell-class accelerators for AI customers. · Technology
CoreWeave is a GPU cloud operator whose business depends on access to Nvidia Blackwell-class accelerators; it is included for its activity in the sector, not because the event affects it. Its close fell 12.08%, from $48.42 on November 4 to $42.57 on November 5. Its next earnings report is November 10 after the close, with estimated EPS of -1.45.
Price between closes
$48.42 → $42.57Close of November 4 and November 5
Fair value (ATLAS)
$52.86Fair range: $47.57 to $58.15The price ($42.57) is 19.5% below that figure.
Chance of a rise in 1 month
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $34.31 and $48.92; 9 in 10, between $25.05 and $67.00.
AI accelerator competitor to Nvidia, affected by the same U.S. export control regime on advanced chips. · Technology
Advanced Micro Devices makes AI accelerators that compete with Nvidia's and falls under the same U.S. export control regime; it is included for its activity in the sector, not because the event affects it. Its close fell 15.60%, from $488.78 on November 4 to $412.54 on November 5.
Price between closes
$488.78 → $412.54Close of November 4 and November 5
Chance of a rise in 1 month
47%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $360.78 and $458.42; 9 in 10, between $291.76 and $566.86.
CNBC's headline says Chinese AI lab Moonshot turned to Europe for Nvidia Blackwell access amid U.S. curbs on China, citing sources [1]. Separately, The Wire China reports that U.S. export controls are fueling Asian data centers that serve Chinese AI firms [3]. Shares of the AI hardware companies below fell between the November 4 and November 5 closes, a coincidence in time only.
CNBC's headline says Chinese AI lab Moonshot turned to Europe for Nvidia Blackwell access amid U.S. curbs on China, according to sources who spoke to CNBC [1]. Nothing further from that article is used here.
The Wire China reports that Chinese AI firms are the top customers for Singapore-based DayOne's data centers. It adds that DayOne is hoping for support from U.S. investors [3].
Law.com describes a data centre and GPU boom in Southeast Asia that brings more complicated deal structures, with geopolitical and regulatory uncertainty layered on top [2].
What ATLAS data show
ATLAS model estimates are not promises. For NVIDIA, the fair value estimate is $155.16 (range $112.11 to $214.75), and the price is 17.59% above that value. For Super Micro Computer, the estimate is $71.13 (range $58.18 to $86.09), with the price 62.48% below it. For Dell, the estimate is $229.54 (range $168.47 to $312.75), with the price 41.83% above it. For CoreWeave, the estimate is $52.86 (range $47.57 to $58.15), with the price 19.47% below it. No ATLAS estimate is shown for AMD.
Two price moves happening around the same time as a news item do not show that one caused the other. The figures come from closing prices and may change.
What you get with ATLAS
Fair value of each company, with its range, against today's price.
Chance of a rise in 1 month and the normal price range, from a calibrated model.
Earnings: next date, estimated EPS and surprise history.
Dividends and alerts by email when a company reports.
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 5, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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