Cisco faces fallout from a massive data leak exposing critical files, while China accuses the U.S. of cyber espionage amid rising tech tensions. AI governance sparks debate as Europe enforces strict rules, and ASIC sues HSBC for $23M scam failures. Global cyber affairs take center stage this week.
ASIC is suing HSBC Australia over $23M in scam losses, alleging systemic failures in fraud detection and delays in resolving complaints. Meanwhile, Singapore's proposed anti-scam law aims to freeze accounts of scam victims to prevent further losses, sparking debate on privacy and autonomy.
Broadcom joins Nvidia in the $1 trillion club, reshaping the AI chip race with a 51% revenue surge in Q4 2024 and VMware's $69B acquisition. As China invests $25B to boost semiconductor self-reliance, U.S.-China tensions escalate, redefining global innovation and geopolitical power dynamics.
Nvidia’s stellar week featured $35B in Q3 earnings, a 195% YTD stock surge, and bold AI collaborations in Indonesia. With innovations like Blackwell chips and Sahabat-AI, Nvidia is driving the AI revolution into mid-decade, achieving a $3.6 trillion market cap and redefining global tech leadership.
The CNC business editorial room is buzzing as we cover the highlights of a stellar week in Nvidia’s world—a week defined by remarkable market performance and global triumphs. Nvidia continues to propel the AI revolution toward the mid-decade, redefining markets and setting new benchmarks for innovation and investment appeal. From record-breaking Q3 earnings to visionary international collaborations, Nvidia’s story is nothing short of extraordinary.
This week, Nvidia CEO Jensen Huang reinforced the company’s global leadership by pledging AI partnerships in Indonesia, further expanding its influence in Southeast Asia. At the same time, Nvidia’s Q3 earnings shattered expectations, delivering $35 billion in revenue and solidifying its dominance in AI hardware and software. With a staggering 195% year-to-date stock gain, Nvidia has captured investor attention and established itself as the frontrunner in shaping the future of AI-driven industries.
As the AI revolution intensifies, Nvidia’s momentum shows no signs of slowing. Whether through groundbreaking technology like the Blackwell chips or international initiatives like Indonesia’s Sahabat-AI, Nvidia’s trajectory is defining the global AI narrative. For markets and investors, this is a week to celebrate Nvidia’s achievements and anticipate even greater milestones on the horizon.
When one of the world’s largest companies triples its value in under a year, it’s hard not to wonder: is there more growth to come, and how can investors capitalize on it?
“The age of AI is in full steam, propelling a global shift to NVIDIA computing,” said CEO Jensen Huang. He added, “Demand for Hopper and anticipation for Blackwell—in full production—are incredible.”
Nvidia’s fiscal first-quarter earnings surpassed expectations, delivering $35 billion in sales—a $2 billion revenue beat—driven by explosive demand for its AI data center hardware. The sequential $5 billion increase was powered by a 154% jump in data center sales, reaching $26.3 billion for the quarter ending July 28.
Adjusted earnings per share climbed to 81 cents, topping projections of 75 cents per share.
Wedbush analysts didn’t hold back in their praise:
“We would characterize results as another earnings press release from Nvidia that should be framed and hung in the Louvre given these eye-popping results and unprecedented growth from the Godfather of AI, Jensen and Nvidia,” wrote Daniel Ives and team.
The analysts were also bullish on Nvidia’s outlook for its next-generation Blackwell chips, noting faster-than-expected production ramp-ups and no overheating issues—critical for maintaining Nvidia’s competitive edge.
For the fourth quarter, Nvidia projects revenues of $37.5 billion, with a margin of plus or minus 2%. While the midpoint guidance didn’t hit some sky-high “whisper numbers,” Wedbush analysts call the outlook “conservative (as usual)” and see it as the foundation for Nvidia’s next chapter in the AI revolution.
In fact, they’re projecting Nvidia’s path to a $4 trillion market cap, signaling broader tech sector growth into 2025.
“In a nutshell, Nvidia's jaw-dropper print/guidance is a bright green light to own this AI Revolution theme into the next year in our view,” Ives and his team said.
With Hopper chips dominating and Blackwell chips poised to reshape the landscape, Nvidia is firmly positioned at the heart of the AI revolution. Whether you’re an investor or an AI enthusiast, Nvidia’s growth story is one to watch—and potentially join.
The company isn’t just riding the AI wave; it’s leading it, paving a clear path toward unprecedented market dominance. Investors are asking not if Nvidia will grow, but by how much—and they don’t seem to mind the premium price of admission.
JAKARTA – Nvidia’s visionary CEO Jensen Huang has set his sights on Indonesia, pledging to collaborate with local firms to elevate artificial intelligence across industries. Speaking during the Indonesia AI Day event, Huang promised to drive AI innovation in the country, emphasizing its importance for industrial and societal advancement.
“You can count on Nvidia and all our friends here to help advance artificial intelligence and benefit the people of Indonesia,” he declared.
President Prabowo Subianto, attending the APEC Summit in Lima, hailed Nvidia’s role in shaping Indonesia’s future and invited Huang for an in-person visit, stating, “We welcome you with open arms.”
Indonesia is doubling down on AI, with projects like Sahabat-AI—a culturally nuanced large language model spearheaded by Indosat Ooredoo Hutchison (IOH) and PT GoTo Gojek Tokopedia—taking center stage. Supported by Nvidia’s GPUs and AI Enterprise software, the initiative aims to redefine healthcare and other industries by aligning AI with local cultural and linguistic nuances.
This collaborative momentum mirrors the global influence of AI leaders like OpenAI CEO Sam Altman, who visited Indonesia during his Asian tour last year. Altman, renowned for launching ChatGPT in 2022, engaged policymakers to set benchmarks for responsible AI deployment, underscoring Indonesia’s growing role in the AI revolution.
Nvidia’s stellar Wall Street performance further amplifies its rocket-ship trajectory. Fresh off a record-breaking quarter, the company posted $35 billion in revenue—$2 billion above expectations—cementing its dominance in AI hardware and software. As Nvidia continues to lead in the U.S. and expands its footprint in Asia, its unmatched momentum positions it as the global torchbearer for AI innovation heading into 2025. For investors and tech enthusiasts alike, the Nvidia rocket ship shows no signs of slowing down.
Broadcom joins Nvidia in the $1 trillion club, reshaping the AI chip race with a 51% revenue surge in Q4 2024 and VMware's $69B acquisition. As China invests $25B to boost semiconductor self-reliance, U.S.-China tensions escalate, redefining global innovation and geopolitical power dynamics.
The Pacific tech war intensifies as Trump's return to power amplifies U.S. export bans, targeting China’s AI progress. ByteDance, Nvidia's largest Chinese buyer, counters with bold strategies like crafting AI chips and expanding abroad. A fragmented 2025 looms, redefining tech and geopolitics.
Australia pushes tech giants to pay for local journalism with new laws as Meta faces a global outage, raising concerns over platform reliability. Meanwhile, Meta joins hyperscalers like Google and Amazon, exploring nuclear energy to power AI ambitions and unveils a $10B AI supercluster project.
Australia's government plans to make tech giants pay for local journalism, leveling the media playing field. Meanwhile, Meta faces global outages, sparking reliability concerns, and unveils nuclear ambitions with a $10B AI supercluster in Louisiana. Big tech is reshaping energy and media landscapes.
