Author: i2wtc
C. C. Wei, chief executive officer of Taiwan Semiconductor Manufacturing Co. (TSMC), left, and Jensen Huang, chief executive officer of Nvidia Corp., during the TSMC sports day event in Hsinchu, Taiwan, on Saturday, Nov. 8, 2025. Bloomberg | Bloomberg | Getty ImagesAsian chip stocks rallied in early trading Thursday after American AI chip darling Nvidia posted strong third quarter earnings, in a sign that AI bubble concerns aren’t slowing down the AI industry. South Korea’s SK Hynix popped around 4%. The memory chip maker is Nvidia’s top supplier of high-bandwidth memory used in AI applications. Samsung Electronics, which also supplies Nvidia…
Punjab CM claims opponents say if anyone knows how to work, it is the Muslim League-NawazPunjab Chief Minister Maryam Nawaz speaking at the launch ceremony of Phase Two of the electric bus service in Rawalpindi on November 19, 2025. PHOTO: Facebook/Maryam Nawaz Punjab Chief Minister Maryam Nawaz has drawn a contrast between Pakistan Muslim League-Nawaz leadership and its rivals, saying some political figures are associated with ‘abuse, chaos and conflict’, whereas the name of former prime minister Nawaz Sharif is linked with ‘infrastructure and development’. She claimed that no one, except the PML-N, has ever contributed even a single brick to the…
Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025.Stefani Reynolds | Bloomberg | Getty ImagesIn the weeks leading up to Nvidia’s third-quarter earnings report, investors debated whether the markets were in an AI bubble, fretting over the massive sums being committed to building data centers and whether they could provide a long-term return on investment.During Wednesday’s earnings call with analysts, Nvidia CEO Jensen Huang began his comments by rejecting that premise. “There’s been a lot of talk about an AI bubble,” Huang said.…
Congresswoman Sheila Cherfilus-McCormick, Fla.-20th, hosts a news conference regarding the ongoing crisis in Haiti on March 11, 2024, in Fort Lauderdale, Florida. South Florida Sun-sentinel | Tribune News Service | Getty ImagesA federal grand jury charged U.S. Rep. Sheila Cherfilus-McCormick, D-Fla., with stealing $5 million in Covid-19 disaster funds — a chunk of which was then illegally contributed to her 2021 congressional campaign, the Department of Justice said Wednesday. Cherfilus-McCormick faces up to 53 years in prison if convicted on the charges, the DOJ said in a press release. Actual sentences are often significantly lower than the maximums due to…
Two months ago Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman stood side by side in San Jose, California, to announce a historic agreement between the two leaders in artificial intelligence. Nvidia would invest $100 billion over a number of years, starting in 2026, as OpenAI’s AI supercomputing facilities come online, the duo said. The timing of the buildouts and the cost of each data center weren’t disclosed. But in Nvidia’s quarterly financial report on Wednesday, the chipmaker reminded investors that there’s a big difference between an announcement and a contract. “There is no assurance that we will enter…
Rejects majority ruling on 41 reserved seats, maintains decision must be reviewedJustice Jamal Khan Mandokhail. PHOTO: FILE Justice Jamal Khan Mandokhail of the Supreme Court’s now-defunct Constitutional Bench has reaffirmed his decision regarding 39 reserved seats but maintained that the majority ruling, which denied Pakistan Tehreek-e-Insaf-backed Sunni Ittehad Council candidates 41 other seats, cannot stand. In his 12-page additional note, Justice Mandokhail said the ruling must be reviewed, terming the majority’s intervention an “excess of authority.” He stated that the court did not have the authority to declare the 41 candidates as independent, saying the decision does not align with…
Jensen Huang, CEO of Nvidia, attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. Evelyn Hockstein | Reuters Nvidia on Wednesday stateside reported fiscal third-quarter figures that beat analyst expectations (ironically, nothing unexpected there). It also provided guidance for sales in the current quarter that exceeded estimates (all good still). It was CEO Jensen Huang’s comment, however, that piqued more interest. “There’s been a lot of talk about an AI bubble,” Nvidia CEO Jensen Huang told investors on an earnings call. “From our vantage point, we see something very different.”Of course, this could be the regular sales…
Market activity remained strong, with the KSE All Share Index recording turnover of 1.02 billion shares Renewed optimism swept through the Pakistan Stock Exchange as the benchmark KSE-100 index posted a strong gain of nearly 1,300 points, supported by broad-based buying across key sectors. The rally was evident in automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration, oil marketing companies, power generation and refinery stocks, signalling robust interest from both retail and institutional investors. This sector-wide momentum helped reinforce overall market strength despite a cautious economic backdrop. A shift in market dynamics also appears to be emerging. Bloomberg…
Kraken is one of the world’s largest crypto exchanges.Tiffany Hagler-Geard | Bloomberg via Getty ImagesKraken confidentially filed to go public in the U.S., a person familiar with the matter told CNBC on Wednesday. A Kraken spokesperson declined to comment on the timing of its plans. Kraken is the latest crypto company to attempt to tap the public market since President Donald Trump came back to the White House. Crypto trading platforms Bullish and Gemini Space Station listed their shares on major stock exchanges in August and September, respectively. And in June, stablecoin issuer Circle raised just north of $1 billion…
Guests attend the opening ceremony of the Global Mayors Dialogue in Nanjing held in Nanjing, east China’s Jiangsu Province, Nov. 19, 2025. (Xinhua/Ji Chunpeng)NANJING, Nov. 19 (Xinhua) — A forum bringing together mayors and mayoral representatives from 10 countries opened on Wednesday in Nanjing, the capital of east China’s economic powerhouse province of Jiangsu.Themed “Flowing Rivers, Converging Future,” the Global Mayors Dialogue in Nanjing focuses on sharing urban governance experience and exploring future trends in urban development, offering insights to advance sustainable development among global waterfront cities.Delegates from countries including Brunei, Egypt, Germany, Malaysia and China are set to engage…