Day: November 20, 2025
House Democrat Cherfilus-McCormick charged with stealing $5M in Covid aid funds
Congresswoman Sheila Cherfilus-McCormick, Fla.-20th, hosts a news conference regarding the ongoing crisis in Haiti on March 11, 2024, in Fort Lauderdale, Florida. South Florida Sun-sentinel | Tribune News Service | Getty Images A federal grand jury charged U.S. Rep. Sheila Cherfilus-McCormick, D-Fla., with stealing $5 million in Covid-19 disaster funds — a chunk of which […]
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CNBC Daily Open: Nvidia CEO suggests AI doesn’t look like a bubble
Jensen Huang, CEO of Nvidia, attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. Evelyn Hockstein | Reuters Nvidia on Wednesday stateside reported fiscal third-quarter figures that beat analyst expectations (ironically, nothing unexpected there). It also provided guidance for sales in the current quarter that exceeded estimates (all good still). It was […]
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Asian chip names rally as Nvidia forecasts hotter-than-expected sales after earnings beat
A 300mm wafer on display at the booth of Taiwan Semiconductor Manufacturing Company during the 2023 World Semiconductor Conference at Nanjing International Expo Center on July 19, 2023, in Nanjing, China. Vcg | Visual China Group | Getty Images Asian chip stocks rallied in early trading Thursday after American AI chip darling Nvidia beat Wall […]
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Nvidia CEO Jensen Huang rejects talk of AI bubble: ‘We see something very different’
Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images In the weeks leading up to Nvidia’s third-quarter earnings report, investors debated whether the markets were in an AI bubble, fretting over […]
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Nvidia says there’s ‘no assurance’ of final agreement with OpenAI despite $100 billion pact
Two months ago Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman stood side by side in San Jose, California, to announce a historic agreement between the two leaders in artificial intelligence. Nvidia would invest $100 billion over a number of years, starting in 2026, as OpenAI’s AI supercomputing facilities come online, the duo said. […]
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