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Nvidia Stock Investors Should Love What Elon Musk Said on Tesla's Earnings Call About AI

The Tesla CEO views the need for AI training as "quasi-infinite" and Nvidia dominates this market. ....

Elon Musk , Wall Street , June Reuters ,

Indonesia surprises with large trade surplus; rate cuts eyed before year-end

Indonesia recorded a
surprisingly large trade surplus of $3.46 billion in June, as
imports plunged more than expected and exports also remained
weak, official data showed on Monday, adding to the case. ....

Jakarta Raya , Stefanno Sulaiman , Shri Navaratnam , Fakhrul Fulvian , Bank Indonesia , Southeast Asia , June Reuters , Gayatri Suroyo ,

Beijing's Regulatory Crackdown Wipes $1.1 trln off Chinese Big Tech

China's major tech companies have shed more than $1 trillion in value -equivalent to the entire Dutch economy - since the government's regulatory crackdown on the sector began more than two years ago, according to Refinitiv data. Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after the People's Bank of China (PBOC) indicated a change in direction could be under way. ....

New York , United States , Financial Times , Softbank Owned Arm , June Reuters ,

Nvidia is in talks to be an anchor investor in Arm IPO

Nvidia is the latest company to hold talks with Softbank-owned Arm to take a long-term stake in the company at its initial public offering. In June Reuters reported that Arm was talking to more than 10 companies, including existing partners such as Intel. ....

New York , United States , Financial Times , Softbank Owned Arm , June Reuters , World News , Anchor Investor ,