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The Associated Press Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia shares about 3% Monday. They are still up 179% so far this year. Considered a bellwether for artificial intelligence demand, Nvidia has led the AI sector to become one of the stock market’s biggest companies , as tech giants spend heavily on the company’s chips and data centers needed to train and operate their AI systems. Nvidia’s shares have surged this year along with the California company’s revenue and profit due to AI demand. According to data firm FactSet, about 16% of Nvidia’s revenue comes from China, second only to its U.S.-generated revenue. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago. Nvidia earned $19.31 billion in the quarter, more than double the $9.24 billion it posted in last year’s third quarter. The earnings release did not break out revenue from China. The company’s market value rocketed to $3.5 trillion recently, passing Microsoft and briefly overtaking Apple as the world’s most valuable company. China’s antitrust investigation follows a report this summer by technology news site The Information that the U.S. Justice Department was investigating complaints from rivals that Nvidia was abusing its market dominance in the chip sector. The allegations reported include Nvidia threatening to punish those who buy products from both itself and its competitors at the same time. David Bieri, an international finance expert at Virginia Tech, said that China’s investigation is “not about what Nvidia is doing in China, per se” but rather a signal to the incoming Trump administration. China, Bieri said, is looking to set the tone of future relations. The Chinese government, he said, is telling the U.S. “don’t mess with us, because all of your darling corporations that your version of capitalism needs to prosper have entanglements” with China. Nvidia will have to revise its strategy in China or come up with provisions in their budgets for the type of uncertainty business with China will bring, Bieri said. “I don’t think this is something that they can shake off,” he said. “I also have a tremendous amount of faith in the brilliance of the management strategy of a corporation like Nvidia to not only pay attention to credit risk, market risk and operational risk, but also to political risk.” Nvidia’s invention of graphics processor chips, or GPUs, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics. Last month, it replaced Intel on the Dow Jones Industrial Average, ending the pioneering semiconductor company’s 25-year run on the index. Unlike Intel, Nvidia designs but doesn’t manufacture its own chips, relying heavily on Taiwan Semiconductor Manufacturing Co., an Intel rival. Associated Press Technology Writer Sarah Parvini in Los Angeles contributed to this report.
WARSAW, Poland -- Warsaw Mayor Rafał Trzaskowski has been selected by Prime Minister Donald Tusk’s centrist Civic Coalition as its candidate in next year's presidential election, beating out Foreign Minister Radek Sikorski. Tusk announced the decision at a party gathering on Saturday, a day after more than 22,000 party members voted in a primary to select who should run to replace the incumbent, Andrzej Duda. Tusk said Trzaskowski won nearly 75% of the votes, and Sikorski slightly over 25%. Political observers in Poland say Tusk's pro-European Union party has already put itself in a strong position ahead of the presidential election by showing that it had two strong candidates, generating a buzz around them and allowing party members to choose in a democratic process. “We are responsible people, we are responsible for the fate of our homeland today,” Tusk told supporters at the party event. He said it was only the start of what is expected to be a difficult campaign. The primary process distinguishes Tusk's party from its main rival, the national conservative Law and Justice party, known by its acronym PiS, whose candidate will be handpicked by leader Jarosław Kaczyński. The candidate is expected to be announced at a party convention in Krakow on Sunday. “In PiS, one vote matters, while we value every vote, and that’s how we differ,” Trzaskowski told party members in his acceptance speech. “I’m convinced that we’re coming out of this primary stronger, we’re all stronger, and I have a very strong mandate and a lot of energy, determination and courage to beat PiS.” Sikorski congratulated Trzaskowski and promised his support. Trzaskowski has long been considered the obvious candidate for Tusk’s party but was recently challenged by Sikorski, who argued that his experience in security and defense issues made him the better choice at a time of war in neighboring Ukraine and political change in the United States. But party members overwhelmingly stuck with Trzaskowski — and were in a good mood as they gathered over coffee and cookies after cheering the outcome. One, Małgorzata Kobus, told The Associated Press that she voted for Trzaskowski because he has been an excellent mayor, preserving green spaces and historical monuments in the capital. She also appreciates that he is highly educated and fluent in several foreign languages. Another, Hanna Szulczewska, thinks Trzaskowski is well suited to the difficult times in a region near Ukraine. She was persuaded by polls that show Trzaskowski would have a better chance of beating out candidates from other parties. “I am really convinced that he will make a fantastic president,” she said. “And strategically we really need a strong candidate.” Trzaskowski, 52, has been mayor since 2018 and has overseen a rapidly changing city of nearly 2 million people that has absorbed large numbers of Ukrainian refugees. He ran for president in 2020, barely losing to Duda. A first round of the presidential election is due to be held in May, and a possible runoff two weeks later if no candidate gets an outright majority in the first round. President Duda will complete his second five-year term in August 2025 and is prevented by the constitution from running again. It is a priority for Tusk to have an ally win the presidency because it will determine whether he can fulfill his agenda. He is currently unable to complete some of his campaign promises because Duda wields veto power over legislation, but also because of opposition within his own three-party coalition. The Civic Coalition is led by Tusk’s party Civic Platform and also includes smaller parties including the Greens.Brandon Nunez tosses 2 TD passes to help New Mexico State beat Middle Tennessee 36-21
WACO, Texas (AP) — Georgia's Dasha Vidmanova and Columbia's Michael Zheng won NCAA singles tennis titles on Sunday. Vidmanova, a 21-year-old senior from the Czech Republic, beat DJ Bennett of Auburn 6-3, 6-3 for the Bulldogs' first women's singles championship since 2010 and the fourth singles champion in program history. Vidmanova is the only Bulldog in program history to win both the NCAA singles and doubles titles after winning the doubles with Aysegul Mert last season. It was the second consecutive season Georgia had a women’s tennis player reach the title match after Anastasiia Lopata lost to Alexa Noel of Miami last year. Bennett is the first player in Auburn’s program history to reach the finals in the event, besting Fani Chifchieva’s semifinalist finish in 2008 that was the previous best finish for a Tiger. Zheng, a 20-year-old junior from Montville, New Jersey, beat Ozan Baris of Michigan State 6-2, 4-6, 6-2 to become the first Ivy League player to collect an NCAA men's singles crown since 1922. The final between Zheng and Baris was the first men's NCAA tennis singles final between two Americans since 2017. Zheng, the first men’s Ivy Leaguer to win the title since Yale's Lucien Williams over a century ago, is the first player to reach back-to-back finals on the men’s side since Steve Johnson of USC in 2011 and 2012. TCU’s Pedro Vives Marcos and Lui Maxted earned the men’s doubles championship while Virginia’s Elaine Chervinsky and Melodie Collard won the women’s doubles title. Vives Marcos and Maxted beat Gavin Young and Benjamin Kittay of Michigan 6-3, 6-7 (8-6), 1-0 (10-2). The 10-point tiebreaker to determine the national champions featured five service breaks, including four by the Horned Frogs, who scored the final six points to seal their title. Young and Kittay became the first doubles runners-up in Michigan men's tennis history. Chervinsky and Collard beat UCLA's Olivia Center and Kate Fakih — both freshmen — 4-6, 6-3, 1-0 (10-5) in the final to win the first NCAA Doubles title in program history. The Cavaliers' duo won each of their five matches at the championships in a third-set 10-point super tiebreaker. ___ AP tennis:
Hume region residents embrace rooftop solar amidst local solar farm projectsRoy Keane was involved in an angry confrontation with a fan following Manchester United and Ipswich Town's 1-1 draw at Portman Road on Sunday. United legend Keane was on punditry duty with Sky Sports and received abuse from a section of the home fans during analysis of the game. Advertisement Keane is never afraid of an argument, and he made his way over to the fans to respond. Videos, widely circulated on social media, include a lot of unclear shouting but Keane can be heard telling the fan: "I'll wait for you in the car park." A steward then stepped in to diffuse the situation. Keane was Ipswich manager for almost two years before he was dismissed in Januray 2011. The game was Ruben Amorim's first game in charge of United, and it got off to a dream start as Marcus Rashford conberted an Amad Diallo cross after less than two minutes. However, United's play was disjointed as they adjusted to Amorim's playing style. Ipswich grew into the game, and scored a deserved equaliser through Omari Hutchinson just before half-time. In the end, a draw was the fair result and Amorim will have a lot of work to do to turn United's fortunes around. Roy Keane wanted it in the car park 👊🏻🤣 #ipswich #ManU #IPSMU #SuperSunday pic.twitter.com/F3Ua5uX9Bw — Aden Clarke (@adenLFC4life) November 24, 2024Iranian students released following visa center clash at Kazan University
‘Australia’s favourite home’ to go under the hammerTOWSON 64, MORGAN STATE 60