Here's your afternoon TNB Tech Minute for Tuesday, November 4th. I'm Julie Chang for the Wall Street Journal.

Nvidia and Deutsche Telecom are partnering to build what would be one of Europe's largest AI factories

in a deal worth about $1.15 billion. The companies said they would renovate an existing data center in Munich, Germany,

and power it with up to 10,000 Nvidia Blackwell graphics processing units.

Deutsche Telecom said the facility would bolster AI computing power in the country by around 50%.

It's expected to start operations in the first quarter of next year.

Advanced micro devices has reported sharp increases in both profit and sales for the latest

quarter. The results come as a chip designer moved deeper into AI data centers and increased

sales of personal computer processors. AMD posted a profit of $1.96 billion, compared to $1.5 billion a

year earlier. Adjusted earnings per share beat estimates, according to FACCET. Data Center revenue rose 22%

to $4.3 billion. Meanwhile, Rivian Automotive has recorded a jump in third quarter revenue as

vehicle deliveries and average selling prices increased. The electric vehicle maker posted a 78%

increase to its top line for the quarter to $1.56 billion. Sales from the company's

automotive business increased 47%. And Nintendo has boosted

its switch-to-sales forecast and earnings guidance for the full year. The Japanese video game maker

reported stronger than expected net profit for the six months end of September. Net profit

surged 83% from a year earlier to the equivalent of $1.29 billion,

beating analysts' expectations. Revenue more than doubled on strong sales of its new console

and new releases from popular series like Mario Kart. Nintendo now expects to sell 19 million

Switch 2 consoles by March,

up from the previous forecast of 15 million. And that's it for your TMB Tech Minutes.

We'll have another Quick Tech update in the morning.

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