
Wall Street Breakfast Mistral loads up on Nvidia
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Mar 30, 2026 Big AI spending headlines as Mistral secures $830M in debt to load up on NVIDIA chips and expand European data centers. A major Chinese AI search service suffered a seven-hour outage and rolled out fixes. Bill Ackman calls out beaten-down mortgage-related stocks as extreme bargains amid geopolitical jitters. Markets also weigh strategist takes, suspicious trade activity, and upcoming economic releases.
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Mistral's Big Nvidia Bet
- Mistral AI raised $830 million in debt to buy 13,000+ NVIDIA chips for a Paris data center.
- The facility, financed by seven banks, aims to be operational in Q2 and supports Mistral's plan for 200 MW capacity across Europe by 2027.
Major Backers Validate Mistral
- ASML and Microsoft are notable backers of Mistral, with ASML taking an 11% stake last September.
- That ASML investment was one of Europe's largest AI deals and signals strong industry support for Mistral's expansion.
DeepSeek Outage Lasted Over Seven Hours
- DeepSeek's chatbot went offline for over seven hours in China, prompting multiple updates.
- Users reported faults Sunday evening; the status page logged an initial issue at 9:35 p.m. and follow-up fixes into the next morning.
