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Nvidia’s last results
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The Chinese gadget maker who takes on Tesla and Apple
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The judicial backlog of India
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“Ninja Stealth Rally” drives Japanese shares
We start with the long -awaited results of artificial intelligence chip maker Nvidia, which were released yesterday in the midst of market jits about whether the momentum around AI can continue. This is what to know.
Solid results: NVIDIA reported the turnover of $ 46.7 billion for the quarter to July 28, an increase from 56 percent year on year and slightly above consensus estimates of $ 46.5 billion, according to visible Alfa. The company said it expected a turnover of $ 54 billion for the current quarter, plus or minus 2 percent, compared to expectations of $ 53.8 billion.
Why Nvidia matters: The role of the $ 4TN -Tech giant when designing the advanced chips used to develop and run AI models such as Chatgpt, has propelled to be the most valuable group in the world by market capitalization and made it a Bellwether for the AI tree. The shares became a hit last week during a widespread sale in companies that were linked to AI, after a negative report on her practical applications and comments from OpenAI director Sam Altman about investors who overhype the technology.
China Outlook uncertain: NVIDIA has become engaged in the trade war of US President Donald Trump with Beijing. Analysts said that NVIDIA’s decision not to include China Ai -Chip’s income in his prospects, investors disappointed after it had concluded a deal with the Trump administration to resume the sale of the H20 chip that Nvidia designed for the Chinese market.
Gene Munster, managing partner at Deepwater Asset Management, said that only China meant that Nvidia’s guidance was lower than what some had expected. “That $ 54 billion does not include the H20 – and I was shocked that they didn’t do that,” he said. Read the full story.
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Chinese AI: The Chinese chip makers will try the total output of AI processors of the country next year, while Beijing racet the US to develop the most advanced AI.
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More AI -Nieuws: The industrial restructuring of OpenAi will probably slip in next year, while the chatgpt -maker is negotiating important conditions of his future relationship with Microsoft.
This is what we keep an eye on today:
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Economic data: Japan publishes the trading statistics of July and Malaysia reports producer prices for the month,
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Monetary policy: Central banks in South Korea and the Philippines announce their rate decisions.
Five more top stories
1. Punitive American rates on India because of the purchases of a discount with a discount with a discount, came into effect yesterday, Give a blow to the fastest growing large economy in the world and deepening a gap between Washington and New Delhi. The 25 percent levy, which came on top of a “reciprocal” rate of 25 percent, increased tasks on India to one of the highest in the world.
2. Denmark has summoned the best American diplomat in the country About reports that American citizens have carried out secret influence operations in Greenland with alleged ties with President Donald Trump. Lars Løkke Rasmussen, the Minister of Foreign Affairs of Denmark, said that there were ‘foreign actors’ trying to influence the future of Greenland and that all such efforts were ‘unacceptable’.
3. A Pentagon unit responsible for stimulating the approval of new commercial technologies by the US Army Prepares for the deployment of officials in dozens of Allied countries, while Washington has difficulty preventing the military structure of China in itself. The plan includes sending a representative to Taiwan this year to speed up cooperation on drones and to place an official in Japan.
4. Mitsubishi Corporation has blamed high turbine costs for the withdrawal of three large offshore wind projects in Japan, In a retreat that marks a setback for the energy-self-provision of the country. The projects were part of a push from Japan to adopt more renewable power, but the country’s offshore Windad options have been more challenging than other countries. This is why.
5. Argentinian President Javier Milei was evacuated from an election campaign event Yesterday after stones had been thrown at his motorcycle present in the midst of public anger about accusations of corruption in his administration. A spokesperson for the president said there were no injuries and the attack on militants blamed the peronistic opposition. Read the full story.
News
Xiaomi, once rejected as an “assembly workshop”, has overtaken Rivals to become the world’s third largest smartphone seller. The Chinese group is now aiming its sights on becoming a high -tech manufacturer and produces everything, from rice ducts to robot vacuums and a hugely popular premium car. Because the Apple and Tesla challenges, the gadget maker has inspired loyal fans who come to his Beijing Electric Vehicle Factory every day to look the production line out of a car every 76 seconds.
We read too. . .
Graph of the day
A four -month “Ninja Stealth Rally”, which started shortly after the panic that was told by Trump’s “Liberation Day” rate announcements, has driven the Tokyo stock market to register highlights. Japanese shares have won as global investors from China and diversify themselves and bet that a decade of structural change has transformed the state council spaces of Japan.
Take a break of the news. . .
After a closure of eight years and a renowned renovation of $ 2 billion, the Waldorf Astoria Hotel in New York shines again. A soft launch in July saw the opening of its new restaurants, lobby bar and rooms, while the entire hotel – ball rooms, spa and everything – officially opens on 1 September. The architecture critic Edwin Heathcote of the FT was one of the first to stay in the renewed hotel. Here is his review.
