Nvidia’s China AI-Chip Share Falls to 34% as Huawei Gains Ground
Huawei reaches 28% of China’s AI-accelerator shipments as Nvidia’s share falls to 34%, highlighting export restrictions and stronger domestic competition.
Story of the Day - Page 7
Catch up quickly with the day’s most important and insightful stories. Our Stories of the Day category curates the standout articles across markets, economy, business, personal finance and innovation. Each post brings together multiple key developments, breaking news or deep-dive features chosen for their impact and relevance. It’s a fast, reliable way to understand what really matters today without scrolling through dozens of feeds. Whether you want a quick overview or a richer perspective, this section delivers the essential stories with context and clarity.
Latest Story of the Day News
Visa Wins China Approval to Prepare Domestic Payments Business
Visa receives Chinese central-bank approval to prepare a domestic bankcard-clearing institution, with an operating license still required before launch.
KOSPI Sinks 7.4% as Chip Selloff Hits South Korea
Samsung and SK hynix tumble on CXMT competition fears as South Korea approves blocks on 27 crypto websites and prepares for a 2027 digital-asset tax.
Goldman Upgrades Stocks and Bonds to Overweight
Goldman upgrades its three-month stock view and 12-month bond stance while retaining a preference for U.S. and Asian equities over Europe.
Intel and Broadcom CEOs Warn Capital Could Become AI’s Biggest Bottleneck
Intel and Broadcom’s CEOs warn that financing costs and investment returns could constrain the AI buildout even as computing demand remains strong.
Amazon in Talks to Buy AI Startup Decart for Around $7 Billion
Amazon’s reported $7 billion Decart talks could deepen an existing AWS partnership and bring AI chip-optimization software and real-time models in-house.
Italy’s Bond Risks Rise as Meloni Lifts Deficit Targets
Italy’s higher deficit targets put its debt-reduction plans under scrutiny as Goldman Sachs warns about borrowing costs and election uncertainty.
Dow Gains 423 Points as Tech Rebound Delivers a Winning Week
The Dow rose 423 points as technology shares rebounded, helping Wall Street finish the week higher despite expensive oil and weaker consumer sentiment.
Verizon Posts Worst Day Since 2002 as Starlink Plans Hit Telecom Stocks
Verizon fell 8.75%, its worst day since 2002, while AT&T and T-Mobile suffered historic losses as SpaceX’s Starlink mobile plans rattled telecom stocks.
OpenAI Expects $70 Billion Revenue Run Rate by End of 2026
OpenAI reportedly targets at least $70 billion in annualized revenue by year-end, up from a roughly $50 billion pace at September’s close.
SpaceX Advances Starlink Mobile Carrier Plans With FCC Satellite Approval
SpaceX’s Starlink mobile ambitions move closer after the FCC cleared 15,000 satellites and a waiver enabling service on company-controlled spectrum.
OpenAI Revenue Run Rate Nears $50 Billion, Below Earlier $70 Billion Reports
OpenAI’s annualized revenue neared $50 billion at September’s end, with partner-sales accounting explaining the gap from earlier $70 billion reports.