Wall Street eyes 'growing pains' in Nvidia earnings

Nvidia, the world's second-largest chipmaker, has a high bar to clear when it reports fourth-quarter earnings after the closing bell on Wednesday. As the world's second-largest company, Nvidia will have to prove to investors that demand for its next-generation Blackwell chip continues to be strong, and that the company won't be negatively impacted by the jarring debut of China's DeepSeek AI model.

Last month, DeepSeek raised concerns among investors that data centers will not need as much computing power as they had initially expected, which would result in fewer GPU sales for Nvidia.

However, Nvidia CEO Jensen Huang has argued that DeepSeek's efficiency gains will only accelerate the speed at which AI is adopted and advanced.

Nvidia's dominance in the chip market has allowed the firm to charge premium prices for its products, especially for its AI chips.

Wall Street expects Nvidia to report fourth-quarter adjusted earnings of 85 cents per share on revenue of $38.08 billion, according to Factset.

Reference Sources

1. businessinsider - Wall Street eyes 'growing pains' in Nvidia earnings but all eyes are on a bullish 2nd half for its next-gen chip
2. markets - Investor Explains Why It’s Hard to Sell Nvidia Stock (NVDA)
3. quartz - Apple, Nvidia, and Berkshire Hathaway: Stocks to watch today
4. markets - Nvidia Falls amid Blackwell Delays and Potential Export Rules
5. apnews - Why Nvidia’s earnings are important to the entire U.S. stock market

Apple shareholders reject proposal to scrap DEI program

(Source: Shutterstock)

Apple shareholders have rejected a proposal drafted by the National center for public policy research, a self-described conservative thinktank, to pressure the Tech giant into yielding to Donald Trump's push to scrub corporate programs designed to diversify its workforce.

The proposal urged apple to follow a Litany of high-profile companies that have retreated from diversity, equity and inclusion (Dei) initiatives currently in the Trump administration's Crosshairs.

McDonald's scaled back some of its DEI initiatives in January amid growing conservative opposition. in the past year, major companies such as Walmart, Ford, John Deere, and tractor supply bowed to pressure and rowed back on their DEI commitments.

The preliminary results will be outlined in a regulatory filing later on Tuesday.

The risks to Apple stemming from continuing to push these divisive and value-destroying agendas is only increasing in light of President Trump's recent executive order focusing the Department of Justice on rooting out illegal discrimination.

Apple boss Tim Cook has said his company may have to change its diversity practices as the US legal landscape shifts.

The vote was a test of shareholder views about the value of DEI programs, which many companies added or beefed up starting in 2020 amid the black lives matter movement.

Reference Sources

1. theguardian - Apple shareholders vote against ending DEI program amid Trump crackdown
2. dailymail - Apple risks the wrath of Donald Trump as it defies executive order on DEI
3. cna - Apple investors reject proposal against diversity policies
4. cbs - Apple shareholders reject proposal to scrap DEI program
5. bbc - Apple boss says its DEI programmes may change

DBS set to cut 4,000 jobs over 3 years due to AI, CEO says

(Source:  Reuters/Edgar Su)

Singapore's largest bank, DBS Group Holdings, has announced plans to cut 4,000 jobs over the next three years as Artificial Intelligence (AI) takes on more work currently done by humans.

The bank's CEO, Piyush Gupta, said the reduction in workforce would come from natural attrition as temporary and contract roles roll off over the next few years. permanent staff are not expected to be affected by the cuts.

The bank's outgoing CEO also said it expects to create around 1,000 new AI-related jobs.

It makes DBS one of the first major banks to offer details on how AI will affect its operations.

The move comes after layoffs and retrenchments by a number of large local and global companies, including Meta, Tiktok, Singpost, and Propertyguru.

A Bloomberg Intelligence report last month said banks worldwide will cut as many as 200,000 positions in the next three to five years due to AI.

Reference Sources

1. bbc - Major Asia bank to cut 4,000 roles as AI replaces humans
2. mothership - DBS to cut 4,000 temp staff over next 3 years, replace them with AI
3. thestarmy - AI to replace 4,000 jobs in Southeast Asia's largest bank: DBS
4. cna - Amid AI push, DBS Group to cut 4,000 contract and temporary jobs in next 3 years
5. cna - DBS set to cut 4,000 jobs over 3 years due to AI, CEO says

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

Have you read?

• Daily News Digest: Apple Invests $500 Billion in the US
• The CoWoS A-Team: Taiwan's Secret AI Superweapon
• A Look Inside Nvidia and Jensen Huang’s Ambition

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