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Nvidia reports 'off the charts' demand for AI chips
Nvidia reports 'off the charts' demand for AI chips
by  AFP

Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence. - China sales stalled - Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 5 percent.

Many US Fed members inclined against December cut: minutes
Many US Fed members inclined against December cut: minutes
by  AFP

Many US Federal Reserve officials were leaning against another rate cut in December, meeting minutes showed Wednesday, a move sure to infuriate President Donald Trump as he pushes for lower rates. According to the minutes released Wednesday, "participants expressed strongly differing views about what policy decision would most likely be appropriate" in December.

China, Netherlands move to resolve Nexperia chip row
China, Netherlands move to resolve Nexperia chip row
by  AFP

The Netherlands said Wednesday it had suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will", a move China welcomed as a positive "first step". "We see this as a show of good will," he said of his move to suspend the takeover, vowing to continue talking to Chinese officials.

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