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earnings have become quite the event for investors. Given the company's growth over the past two years, observers are curious about what each quarterly result will bring. Nvidia's rise has been a significant driving force behind the growth of the broader stock market, so continued success is key for every investor. The (ended Oct. 27) didn't disappoint, and I think there's a key figure here that could excite investors all over again. Demand for Nvidia's GPUs has never been higher Nvidia's primary product is the graphics processing unit (GPU), which is often deployed in situations where extreme computing capacity is required. Its ability to process multiple calculations in parallel sets it apart from other computational devices and makes it a clear choice for workloads that require massive amounts of computing power, like training an model. Demand for its GPUs has skyrocketed ever since the AI arms race kicked off, and Nvidia has benefitted more than any other company in the market. This was on full display in Q3, as revenue rose 94% year over year to $35 billion, significantly beating management's own expectations. They expected $32.5 billion in Q3, which would have been 80% growth. This is an unbelievable metric to focus on, but the future also looks bright. For Q4, management expects $37.5 billion, indicating 70% growth. Although that's starting to trend down, it still is an incredible figure. Management has a consistent history of beating revenue expectations, so the real figure is likely a bit higher than that. I wouldn't be surprised if Nvidia continues to deliver strong guidance beats like that throughout 2025, as it has many tailwinds blowing in its favour. 2025 is looking like another strong year for Nvidia One risk with Nvidia is that a significant chunk of its revenue is concentrated among a few customers. Four customers, unnamed by Nvidia, made up around 40% of Nvidia's total revenue in Q3. If these clients stop spending, it could spell disaster for Nvidia. However, it's not hard to figure out who these companies be, and they all indicate that spending will only increase throughout 2025. One candidate for these mystery clients is , which indicated that there would be "significant capital expenditures growth in 2025." This spending mostly pertains to increased computing capacity, benefiting Nvidia. Other likely large clients, like and , have also indicated that AI-related computing expenses will rise in 2025. As of right now, this concentration isn't a problem for Nvidia; it's a boost. Another tailwind for Nvidia in 2025 is the launch of its Blackwell architecture. The performance boost of this new product versus the existing Hopper architecture is incredible. Blackwell provides four times the performance as Hopper, as it only requires 64 Blackwell GPUs to run a benchmark test versus 256 Hopper GPUs. Blackwell production is in full swing and continues to ramp up. Management stated that demand greatly exceeds supply, and revenue is already exceeding expectations. These are two huge tailwinds for Nvidia and present a pretty good case for buying the stock, at least on the growth side. However, the stock is still quite expensive overall, and investors need to familiarise themselves with this risk. Nvidia stock trades for 51 . data by That's not a cheap figure by any means, and it projects multiple years of strong earnings growth into the stock price. If Nvidia keeps growing at its current pace, the price you pay today isn't that expensive. But if it sees struggles toward the end of 2025, it could become an issue. It all boils down to how far along you think the AI buildout is. If it has run its course, then Nvidia isn't a buy. But it can still make for a viable investment if it's just getting started. There are plenty of indications that we're just scratching the surface of what's possible with AI, which will drive more spending with Nvidia, especially as Blackwell architecture rolls out. While I think Nvidia won't have a repeat of its 2024 performance in 2025, I still think there's enough of a case here for Nvidia to continue to beat the markets moving forward.Man City blow three-goal lead in Champions League, Bayern beat PSGNone
“Last week’s meetings were invaluable opportunities to meet the new Overseas Territories Minister, share the Bermuda story with key UK business sectors, and collectively reinforce critical matters of importance during the JMC alongside my OT colleagues,” said the Premier David Burt, following an intense schedule of meetings in London last week that were deemed a success. A Government spokesperson said, “One of the key highlights of last week’s visit was an opportunity for the Premier to meet with UK Prime Minister, Sir Keir Starmer and the Rt. Hon. David Lammy MP, UK Foreign Secretary. “The public will be aware that Premier Burt travelled to London [Nov. 18 – 22], to attend the Overseas Territories [OT] Joint Ministerial Council [JMC], the highest political forum between the UK Government and Leaders of the British Overseas Territories. While the key focus of the Premier’s visit was the JMC, there were also other engagements that took place last week, specifically focusing on the financial services and the banking sector. “Last week’s engagements began with the Premier attending the United Kingdom Overseas Territories Association [UKOTA] Political Council, which affords OT Leaders an opportunity to convene prior to the JMC.” The Premier said, “This was a good precursor for OT Leaders. We discussed issues of priorities on behalf of each of our countries, and where possible, found areas of agreement to collectively address during the JMC. We also acknowledged the 30th Anniversary of UKOTA, during which time Bermuda has held the chairmanship on three occasions through our UK Representative, Kimberley Durrant.” A Government spokesperson added, “The Premier reminded that Bermuda and OTs have seen notable success through UKOTA’s advocacy, including; securing British Citizenship for BOTCs; accessing Home Fees for students of the Territories as well obtaining student loans; visa free access across EU Schengen Areas; and numerous other collective advocacy initiatives across the Territories. “Following UKOTA, the Premier held a Bilaterial Meeting with the Hon. Stephen Doughty MP, Minister for the Overseas Territories.” Premier Burt said, “This was another critical engagement on behalf of Bermuda. We are committed to ensuring a better and fairer Bermuda for all, and during this meeting, I discussed the process for advancing the constitutional changes related to immigration as outlined in the Government’s Throne Speech. Minister Doughty and I also discussed the UK’s support for Bermuda’s international financial services industry as a key part of Bermuda’s economy which now employs a record number of Bermudians.” A Government spokesperson added, “Mid-week saw the commencement of the OT JMC Meetings. The first JMC under the new UK Labour Government, the gathering focused on ‘resetting the relationship’ between the UK and the Overseas Territories. Over a two-day period [Nov. 20 – 21], the UK Government and OT Leaders discussed a renewed relationship; security and irregular migration; climate and the environment; economic diversification and resilience; illicit finance and sanctions; and human development.” Premier Burt said, “These key discussions enabled me to have direct dialogue with a range of Ministers from across Whitehall Departments, including the Foreign, Commonwealth & Development Office; Home Office; Treasury; Ministry of Defence; Department of Energy Security and Net Zero. I was very encouraged by the discussions and hopeful that our meetings can foster new opportunities to expand our relationship.” A Government spokesperson added, “Upon conclusion of the Joint Ministerial Council, the Premier met with Sir Keir Starmer, Prime Minister of the UK and The Rt. Hon. David Lammy MP, UK Foreign Secretary. The Prime Minister and the Foreign Secretary reiterated their unwavering support for Bermuda and the other British Overseas Territories, recognising the OTs “...ironclad commitment to democratic autonomy and [their] right to self-determination”. “The Prime Minister’s full remarks are . “The Joint Communique from the UK and the Overseas Territories detailing the outcomes of the 2024 JMC is here: UK and Overseas Territories Joint Ministerial Council 2024: communiqué – GOV.UK Financial Services Sector Meetings: “Highlights of the Premier’s financial services engagement in London included a meeting with Economic Secretary to the Treasury [EST] and City Minister, Tulip Siddiq MP. The Premier and EST discussed matters of mutual economic importance to Bermuda and the UK, particularly in encouraging growth and investment. The Premier also updated EST on the positive progress made toward the implementation of the global minimum tax agreement through the introduction of Bermuda’s corporate income tax. “The Premier also met with Lloyds of London CEO Mr. John Neal. The Premier was joined by Stephen Catlin, a member of the Financial Policy Council and other representatives from Bermuda’s insurance sector. The Premier and Mr. Neal spoke to the strong partnership between the Bermuda Market and Lloyds. During the engagement, CatX Capital and Cactus, Bermuda-based companies which started in the Lloyds Lab, had the opportunity to showcase their innovative work to the Premier. “The Premier also met with Andrew Bailey, Governor of the Bank of England, alongside Sir Andrew Large, Vice Chair of the Financial Policy Council; Mr. Craig Swan, CEO of the Bermuda Monetary Authority; and Financial Secretary Chidozie Ofoego. “And lastly, the Premier participated in a Fireside Chat at the Bermuda Society’s Annual Dinner, where he updated attendees on initiatives as outlined in the Government’s recently delivered Throne Speech. The Premier also acknowledged the strong bonds between the City of London and Bermuda as financial centres noting a history of cooperation and mutual respect have contributed to the success of both jurisdictions. “The Premier returned to Bermuda on Friday. During this trip he was accompanied by the Minister of Economy and Labour, Jason Hayward, Secretary to the Cabinet Marc Telemaque, Ministry of Economy and Labour Permanent Secretary Aideen Ratteray Pryse, Mr. Ofoego, Kimberley Durrant, UK Representative Bermuda’s London Office, and Brandon Sousa Deputy UK Representative.” : , ,Gov. Tim Walz wants to remain a force in politics, at state and national level
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NoneGuwahati: MPs of Mizoram and Manipur are engaged in a verbal volley over the situation in Manipur. Mizoram MP Vanlalvena had suggested a two-step solution to end the ongoing ethnic violence in Manipur : the immediate imposition of President's Rule and creation of separate administrative units for the Meitei and Kuki-Zo communities . This was strongly opposed by Rajya Sabha MP from Manipur, Leishemba Sanajaoba , who said Vanlalvena should not interfere in Manipur's issues and asked him to not "cross the line". Vanlalvena, a leader of Mizo National Front (MNF), sought the removal of the N Biren Singh government and the imposition of President's rule in Manipur as the "the first and immediate step" to contain the violence that has claimed over 250 lives since May 2023. Reacting to this, Manipur's Leishemba Sanajaoba, posted on X, "My friend, don't cross the line. Please confine to your state issues...Stop interference in Manipur's issues..Be a good neighbour". (You can now subscribe to our Economic Times WhatsApp channel )
Brainrot, brat, extreme weather, midwest nice and weird round out the shortlist SAN MATEO, Calif. , Nov. 25, 2024 /PRNewswire/ -- Dictionary.com , the world's leading digital dictionary, today announced its 2024 Word of the Year: demure . Traditionally used to describe reserved or modest individuals, demure has taken on an expanded meaning this year to signify refined and sophisticated appearances or behaviors. "As remote work fades and in-person experiences become the norm again, the subtle art of personal presentation has taken on renewed importance," said Steve Johnson , Curriculum Design Manager of the Dictionary Media Group at IXL Learning . " Demure captures this cultural shift with a modern twist: a word that once carried traditional, often limiting connotations has been reimagined to celebrate understated elegance and suavity. Its evolving meaning gives people a way to express quiet confidence—embracing modesty and charm as intentional, empowering choices . " In making the annual selection, Dictionary.com 's lexicographers analyzed a wealth of data—including newsworthy headlines, search engine results and social media trends—to identify words that captured pivotal moments in 2024. The word demure dominated the cultural zeitgeist, with its usage in digital media surging a remarkable 1,200% between January and August. This meteoric rise is largely attributed to Jools Lebron, a content creator who popularized the phrase "very demure, very mindful" in a series of TikTok videos illustrating how to embody the term in professional, travel and social settings. The social media buzz surrounding demure sparked a similar spike in search interest. In the 11 months before Lebron's videos, there was no notable trend in Google searches for the term, but interest surged 14-fold by August 2024 . At its peak, searches for demure on Dictionary.com were 200 times greater than their previous rate. While the initial trend has cooled, the word remains five times more popular on Dictionary.com than it was before its breakout moment. Alongside demure, Dictionary.com 's lexicographers identified five additional words that shaped the cultural conversation in 2024, rounding out this year's shortlist. Read more about Dictionary.com 's 2024 Word of the Year at http://dictionary.com/e/word-of-the-year/ . About Dictionary.com Words define every aspect of our lives, from our ideas to our identities. Dictionary.com aspires to empower people to express themselves, make connections and find opportunities through the power and joy of language. With 96 million visitors each month, Dictionary.com is the premier destination to learn, discover and have fun with the limitless world of words and meanings. The brand helps you make sense of the ever-evolving English language so you can put your ideas into words—and your words into action. Press Contact Joslyn Chesson IXL Learning press@ixl.com View original content to download multimedia: https://www.prnewswire.com/news-releases/dictionarycom-names-demure-as-the-2024-word-of-the-year-302315735.html SOURCE IXL LearningNEW YORK (AP) — Juan Soto appears on a timetable to decide on where to sign either before or during baseball's winter meetings in Dallas, which run from Dec. 8-12. Soto met with the New York Yankees, New York Mets, Los Angeles Dodgers, Boston Red Sox and Toronto Blue Jays, a person familiar with the negotiations said last week, speaking to The Associated Press on condition of anonymity because details were not announced. Soto's agent, Scott Boras, asked teams to submit initial offers by Thanksgiving, a second person familiar with the talks said, also on condition of anonymity because it was not announced. Soto is the top player available among this year's free agents . A four-time All-Star, Soto finished third in AL MVP voting after hitting .288 with 41 homers, 109 RBIs and 129 walks. He has a .285 career average with 201 homers, 592 RBIs and 769 walks over seven major league seasons. Soto turned down a $440 million, 15-year offer from Washington in 2022, prompting the Nationals to trade him to San Diego, which then dealt him to the Yankees last December. Soto then combined with Aaron Judge to lead New York to the World Series, where the Yankees lost to the Dodgers . In his pitch to teams, Boras highlighted that Soto joined Mickey Mantle as the only players with seven RBIs in a World Series at age 21 or younger when he was with Washington, and at 20 became the youngest player with five postseason homers. Soto's .906 postseason OPS through age 25 topped Mantle (.900) and Derek Jeter (.852). Soto is likely to seek a record contract, topping Shohei Ohtani's $700 million, 10-year agreement with the Los Angeles Dodgers last December. That might not mean Soto gets more than $700 million, though. Because Ohtani's deal included $680 million in deferred money payable through 2043, it can be valued by different methods. For instance, Ohtani's contract is valued at $46.1 million per season ($461 million total) under MLB's luxury tax system, which used a 4.43% discount rate. The players' association uses a 5% rate, which puts Ohtani's contract at $43.8 million per year. For MLB's regular payroll calculations, a 10% discount rates values Ohtani's deal at just $28.2 million. Which means if Soto gets even $462 million without deferred payments, there's an argument that his deal is the most valuable in MLB history. By average annual value, pitchers Max Scherzer and Justin Verlander are tied for second in baseball history at $43.33 million as part of contracts they signed with the New York Mets, deals that expired at the end of the 2024 season. In terms of total value, Ohtani surpassed outfielder Mike Trout’s $426.5 million, 12-year contract with the Los Angeles Angels through 2030. MLB’s longest contract is outfielder Fernando Tatis Jr.’s 14-year deal with the San Diego Padres through 2034. The Mets, Yankees, Dodgers and Philadelphia Phillies all are likely to enter 2025 having paid luxury tax for three straight years, putting them at the highest rate: a 50% surcharge on payroll between $241 million and $261 million, 62% from $261 million to $281 million, 95% from $281 million to $301 million and 110% for each dollar above $301 million. Toronto may have dropped below the initial tax threshold this year, pending final figures next month. If the Blue Jays did fall under, their rates next year would reset to 20%, 32%, 62.5% and 80% for the four thresholds. If Soto reaches or announces an agreement at the winter meetings in Dallas' Hilton Anatole, it would be a familiar location for a big Boras deal. Alex Rodriguez's record $252 million, 10-year contract with the Texas Rangers was announced in December 2000 at what then was called the Wyndham Anatole Hotel. A-Rod's deal more than doubled MLB's previous high, a $121 million, eight-year contract between pitcher Mike Hampton and Colorado that was announced just two days earlier. “In two days, we’ve doubled a new highest salary,′′ said Sandy Alderson, then an executive vice president in the commissioner’s office. ”I don’t like the exponentiality of that." Rodriguez was 25 at the time of the agreement with Texas, a free agent before entering his likely prime, like Soto. Third baseman Alex Bregman, first basemen Pete Alonso and Christian Walker, and outfielders Anthony Santander and Teoscar Hernández are among the significant bats available to pursue and likely would interest some of the teams who fail to sign Soto. Bregman and Alonso, like Soto, are represented by Boras. AP MLB: https://apnews.com/hub/MLB
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