{"id":1293,"date":"2025-08-27T22:11:08","date_gmt":"2025-08-27T22:11:08","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=1293"},"modified":"2025-08-27T22:11:08","modified_gmt":"2025-08-27T22:11:08","slug":"nvidia-delivers-strong-results-amid-market-jitters-over-ai-boom","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=1293","title":{"rendered":"Nvidia delivers strong results amid market jitters over AI boom"},"content":{"rendered":"

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This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe\/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Good morning and welcome back to FirstFT Asia. In today\u2019s newsletter: <\/p>\n

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    Nvidia\u2019s quarterly results<\/p>\n<\/li>\n

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    US accused of covert influence operations in Greenland<\/p>\n<\/li>\n

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    India\u2019s judicial backlog<\/p>\n<\/li>\n

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    The \u201cninja stealth rally\u201d driving Japanese stocks<\/p>\n<\/li>\n<\/ul>\n\n

    We start with artificial intelligence chipmaker Nvidia\u2019s hotly anticipated results, which were released yesterday amid market jitters about whether the momentum around AI can continue. Here\u2019s what to know.<\/p>\n

    Solid results:<\/strong> Nvidia reported revenue of $46.7bn for the quarter to July 28, up 56 per cent year on year and slightly above consensus estimates of $46.5bn, according to Visible Alpha. The company said it expected $54bn in sales for the current quarter, plus or minus 2 per cent, compared with expectations of $53.8bn.<\/p>\n

    Why Nvidia matters:<\/strong> The $4tn tech giant\u2019s role in designing the advanced chips that are used to develop and run AI models such as ChatGPT has propelled it to become the world\u2019s most valuable group by market capitalisation and made it a bellwether for the AI boom. Its shares took a hit last week during a widespread sell-off in companies linked to AI, after a negative report on its practical applications and comments by OpenAI chief executive Sam Altman about investors overhyping the technology.\u00a0<\/p>\n

    China outlook:<\/strong> Nvidia did not factor any China sales into its outlook, something some investors had hoped to see after it reached a deal with the Trump administration to resume sales to the country. Beijing responded with a political backlash against the chip, leaving analysts with little visibility into how much Nvidia will sell this year as wider trade negotiations between Washington and Beijing drag on. Read the full story.<\/p>\n

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      Chinese AI:<\/strong> China\u2019s chipmakers are seeking to triple the country\u2019s total output of AI processors next year, as Beijing races the US to develop the most advanced AI.<\/p>\n<\/li>\n

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      More AI news:<\/strong> OpenAI\u2019s corporate restructuring is likely to slip into next year, as the ChatGPT maker negotiates over key terms of its future relationship with Microsoft.<\/p>\n<\/li>\n<\/ul>\n

      Here\u2019s what else we\u2019re keeping tabs on today:<\/p>\n

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        Economic data:<\/strong> Japan publishes July trade statistics and Malaysia reports producer prices for the month,<\/p>\n<\/li>\n

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        Monetary policy:<\/strong> Central banks in South Korea and the Philippines announce their rate decisions.<\/p>\n<\/li>\n<\/ul>\n

        Five more top stories<\/h3>\n

        1.<\/strong> Punitive US tariffs on India over its purchases of discounted Russian oil took effect yesterday,<\/strong> dealing a blow to the world\u2019s fastest-growing large economy and deepening a rift between Washington and New Delhi. The 25 per cent levy, which came on top of a 25 per cent \u201creciprocal\u201d tariff, raised duties on India to among the highest in the world.<\/p>\n

        2.<\/strong> Denmark has summoned the top US diplomat in the country<\/strong> over reports that American citizens with alleged links to President Donald Trump have been conducting covert influence operations in Greenland. Lars L\u00f8kke Rasmussen, Denmark\u2019s foreign minister, said that there were \u201cforeign actors\u201d attempting to influence the future of Greenland and that all such efforts were \u201cunacceptable\u201d.<\/p>\n

        3.<\/strong> A Pentagon unit responsible for boosting the adoption of new commercial technologies by the US military<\/strong> is preparing to deploy officials to dozens of allied countries, as Washington struggles to counter China\u2019s military build-up on its own. The plan includes sending a representative to Taiwan this year to speed up collaboration on drones, as well as posting an official in Japan. <\/p>\n

        4.<\/strong>\u00a0Mitsubishi Corporation has blamed high turbine costs for its withdrawal from three major offshore wind projects in Japan,<\/strong> in a retreat that marks a setback for the country\u2019s energy self-sufficiency drive. The projects were part of a push by Japan to adopt more renewable power but the country\u2019s offshore wind adoption has been more challenging than other nations. Here\u2019s why.<\/p>\n

        5.<\/strong> Argentine President Javier Milei was evacuated from an election campaign event<\/strong> yesterday after stones were thrown at his motorcade amid public anger over allegations of corruption in his administration. A presidential spokesperson said there were no injuries and blamed the attack on militants from the Peronist opposition. Read the full story.<\/p>\n

        News in-depth<\/h3>\n
        \"Xiaomi\u2019s<\/picture>
        Xiaomi\u2019s latest electric vehicle, the YU7 SUV, received 200,000 pre-orders in just three minutes at launch<\/span> \u00a9 Andres Martinez Casares\/EPA<\/span><\/figcaption><\/figure>\n

        Xiaomi, once dismissed as an \u201cassembly workshop\u201d, has overtaken rivals to become the world\u2019s third-largest smartphone seller. The Chinese group is now setting its sights on becoming a high-tech manufacturer, producing everything from rice cookers to robot vacuums and a vastly popular premium car. As it challenges Apple and Tesla, the gadget maker has inspired loyal fans who flock to its Beijing electric vehicle factory every day to watch the production line churn out a car every 76 seconds.<\/p>\n

        We\u2019re also reading\u2009.\u2009.\u2009.\u2009<\/h3>\n

        Chart of the day<\/h3>\n

        A four-month \u201cninja stealth rally\u201d, which began shortly after the panic set off by Trump\u2019s \u201cliberation day\u201d tariff announcements, has driven Tokyo\u2019s equity market to record highs. Japanese stocks have gained as global investors diversify away from China and the US and bet that a decade of structural change has transformed Japan\u2019s corporate boardrooms.<\/p>\n

        \"Line<\/picture><\/figure>\n

        Take a break from the news\u2009.\u2009.\u2009.\u2009<\/h3>\n

        After an eight-year closure and a reputed $2bn renovation, New York\u2019s Waldorf Astoria hotel is glittering again. A soft launch in July saw the opening of its new restaurants, lobby bar and guest rooms, while the whole hotel \u2014 ballrooms, spa and all \u2014 officially opens on September 1. The FT\u2019s architecture critic Edwin Heathcote was among the first to stay in the revamped hotel. Here\u2019s his review.<\/p>\n

        \"The<\/picture>
        The Waldorf Astoria, New York<\/span> <\/span><\/figcaption><\/figure>\n<\/div>\n

        #Nvidia #delivers #strong #results #market #jitters #boom<\/p>\n","protected":false},"excerpt":{"rendered":"

        This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe\/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning and welcome back to FirstFT Asia. In today\u2019s newsletter: Nvidia\u2019s quarterly results US accused of covert influence operations […]<\/p>\n","protected":false},"author":1,"featured_media":1294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[841,838,840,619,354,387,839],"class_list":{"0":"post-1293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-boom","9":"tag-delivers","10":"tag-jitters","11":"tag-market","12":"tag-nvidia","13":"tag-results","14":"tag-strong"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1293"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/1294"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}