Nvidia earnings preview: Another record quarter expected

Semiconductor company Nvidia is set to announce its fiscal Q3 earnings for 2025 after us markets close on Wednesday. as the primary beneficiary of the artificial intelligence (AI) boom, Nvidia's performance is also critical to gauging the broader trajectory of the industry.

Nvidia is the main barometer of the AI sector, a theme which has contributed to the performance of the American markets and that of the group: over the last 12 months, Nvidia has grown by 187%.

The capitalization of the company, one of the "magnificent seven", is now greater than the total capitalization of the Canadian, French, or British markets.

Reference Sources

1. euronews - Nvidia earnings preview: Another record quarter expected
2. eurodayfr - new Blackwell chips cause overheating in servers
3. eurodayfr - Wall Street opens in disorganized order, Nvidia results in sight – 11/18/2024 at 4:05 p.m.
4. eurodayfr - Europe expected to rise slightly, Nvidia in its sights – 11/18/2024 at 08:44
5. cnbc - Shares of Nvidia and AMD go different ways — here's Jim Cramer's advice on both AI chip stocks

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan

(Source: Shutterstock)

Shares of AI hardware company Supermicro computer surged more than 30% in Premarket trading on Tuesday after the company hired a new auditor and submitted a compliance plan to Nasdaq detailing its efforts to regain compliance with the exchange.

The move comes several weeks after the company's auditor, Ernst & young, resigned following months of disagreement over super Micro computer's Governance practices and board independence.

The company is late in filing its 2024 year-end report with the SEC and said earlier this month that it was looking for a new accountant after its previous auditor, Ernst & young, stepped down in October.

If its filing plan is accepted by Nasdaq, the company will be able to complete its annual report for the year ended June 30 and its quarterly report ended Sept. 30, but did not give a target date.

Reference Sources

1. quartz - Super Micro stock soars 30% as it avoids getting booted off the Nasdaq
2. cnbc - Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing
3. usnews - Super Micro Surges as AI Server Maker Hires New Auditor, Seeks Filing Extension
4. cna - Super Micro Computer names BDO as auditor, files Nasdaq compliance plan
5. cna - Super Micro surges as AI server maker hires new auditor, seeks filing extension

The US government wants Google to divest its Chrome browser, according to Bloomberg

(Source: Shutterstock)

Top us Justice Department antitrust officials have decided to ask a judge to force Google to sell its Chrome browser in what would be a historic crackdown on one of the world's biggest Tech companies.

The Department will also ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial intelligence and its Android Smartphone operating system.

If the judge ACCEPTS the proposals, they have the potential to reshape the Online search market and the burgeoning AI industry.

Google controls how people view the Internet and what ads they see in part through its Chrome browser, which typically uses Google search, gathers information important to Google's ad business, and is estimated to have about two-thirds of the global browser market.

Reference Sources

1. eurodayfr - The US government wants Google to divest its Chrome browser, according to Bloomberg
2. fortune - DOJ will push Google to sell Chrome to break search monopoly
3. straitstimes - US Justice Department will push Google to sell Chrome to break search monopoly
4. eurodayfr - Google soon forced to part with its Chrome browser?
5. malaymail - Bloomberg News: US Justice Department plans to force Google to sell Chrome in landmark antitrust case

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.

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Uploaded by Ian Huang