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Chinese AI stocks, hardware suppliers slide as Nvidia CEO exit fuels US-China chip fears
Chinese AI and semiconductor stocks decline amid concerns over Nvidia leadership changes and tighter US chip export restrictions. Fears of disrupted technology access intensify pressure on AI developers and hardware suppliers, while domestic chipmakers gain.
Jindal Power gets $470 million loan for Botswana project
Jindal Power Ltd. has acquired a $470 million loan to fuel its ambitious power project in Botswana. The financing is backed by three Indian banks, alongside participation from international institutional lenders. This initiative aligns with Jindal's previous international expansion efforts and leverages Botswana's extensive coal resources, which are essential for catering to local electricity requirements.
Singapore charges fifth person in AI server fraud case
Singapore has charged a fifth person in a case involving the alleged false representation of the end users of AI servers purchased from Dell, Super Micro Computer and Asustek Computer.
Smaller MFIs change tack: No onlending, just routing funds
India’s microfinance sector is seeing a structural shift as funding constraints and mounting stress push smaller lenders away from direct lending towards business correspondent models. With bank funding and fresh equity drying up, lenders are increasingly pursuing off-balance-sheet growth and earning fee income by acting as agents for banks. Industry leaders say the traditional joint-liability group lending model is losing relevance as borrowers gain access to multiple formal and digital credit options.
Colette Kress for now, but who next? Inside the race to become only the second CEO in Nvidia’s history
As Jensen Huang steps down as Nvidia CEO following two controversies involving his reported relationships with two women, the question is, "who will lead the AI chipmaker next?" Nvidia has named CFO Colette Kress as interim CEO, but who could get the job permanently? From Ian Buck to Rene Haas, several names are now in the succession discussion. Here is the story behind the new race to become only the second CEO in Nvidia’s history.
MeitY probes physical AI data use; Nvidia CEO Jensen Huang resigns
MeitY is reviewing the practice of collecting first-person video and sensor data from gig workers to train physical AI models. This and more in today’s ETtech Top 5.
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Nebius beats quarterly revenue estimates on strong AI demand
In the latest quarterly report, Nebius achieved impressive revenue of $981 million, exceeding analyst projections of $907.5 million. The company is optimistic about future sales, forecasting between $12 billion and $13 billion by 2027. However, its revenue predictions for 2026 are slightly lower than the market's expectations. With customers opting for longer agreements at elevated prices, prepayments have significantly surpassed capital investments.
Farmer's son from small Tamil Nadu village builds Rs 1.5-crore software business after quitting nine-year Chennai IT career & starting with just two laptops
Eswaran Arumugam launched his Tamil Nadu-based software venture, Yaa Creations, with just Rs 1 lakh borrowed from his brother and two laptops. The business faced several hurdles, including financial strain, disruptions caused by the Covid-19 pandemic and accumulated debt of Rs 5 lakh. However, he gradually turned things around and expanded operations. Today, the company, headquartered in Rasipuram in Namakkal district, employs 26 people, serves clients in seven countries and completed projects worth Rs 1.5 crore in 2025.
Dragon's Army-linked university was served Nvidia chips despite US sanctions
The findings come as Nvidia and its CEO Jensen Huang face mounting scrutiny in Washington over his lobbying for looser restrictions on sales of AI chips to China, following reports alleging he was targeted by a Chinese spy.
CoreWeave shares surge over 26% on strong earnings, debt retreat; spark rally in battered AI cloud stocks
CoreWeave's shares experienced a significant increase of over 26% due to strong revenue growth. The company's recent earnings alleviated concerns about a potential artificial intelligence bubble and heavy borrowing. Following these results, shares of Nvidia and other neocloud companies also rose notably. Investors are reassured as CoreWeave plans to avoid unsecured debt markets in the near future. This market movement highlights optimism regarding the future of AI infrastructure investments.
Is the AI wheel broken? Julius Baer flags 3 variables shaping AI investments ahead of Anthropic IPO
Anthropic’s proposed $1.4 trillion IPO valuation will put the economics of the AI industry under the spotlight. Julius Baer analysts identify three key variables investors should watch: demand growth, pricing power and computing costs. The listing could also establish a valuation benchmark for OpenAI’s expected 2027 IPO.
India ranked an 'AI Rising Contender' by BCG, built on talent rather than compute
India has been identified as a Rising Contender in artificial intelligence by Boston Consulting Group's latest report. The country benefits from a large pool of skilled AI professionals, bolstered by returning talent from abroad. The government has implemented training programs to upskill millions of citizens and broaden access to AI knowledge.
Since 2023, over 3,000 volunteers have searched satellite images for clouds; their answers are helping scientists check what computers miss
Thousands of volunteers are analyzing satellite images to assist in accurate cloud classification and detection. The CloudCatcher project aims to enhance the understanding of cloud patterns and their effects on climate. Human input provides valuable data to refine the capabilities of automated systems used in cloud detection. This collaboration showcases the growing trend of involving the public in environmental research efforts.
Nvidia CEO Jensen Huang and Alice Huang affair: Timeline of suspected Chinese spy scandal
The reports of Nvidia CEO Jensen Huang’s alleged involvement in a spy scandal have sent shockwaves through the tech world. President Donald Trump defends Huang as an ‘honorable guy’, whereas Nvidia’s board of directors has confirmed an independent investigation into the Jensen Huang-Alice Huang case to understand whether Huang was under the radar of Chinese spy operations. Here’s an entire timeline of how this spy drama unfolded.
AI stocks: Are the days of easy money over? Aswath Damodaran warns investors of a new market reality ahead of Anthropic IPO
NYU professor Aswath Damodaran warns that broad-based gains from AI stocks may be fading as investors become more selective. He highlights diverging business models, rising infrastructure costs, uncertain monetisation and valuation risks, urging greater investment discipline.
Anthropic IPO: $81 billion revenue run rate looks impressive, but can a $900 billion computing bill justify its trillion-dollar valuation? What ANT stock investors need to know
Anthropic IPO 2026: Anthropic's $81 billion revenue run rate is a big number, but its future spending tells another story. The Claude maker has nearly $900 billion in computing commitments as it prepares for a Nasdaq listing under the ticker ANT. Its proposed IPO could value the company at up to $1.4 trillion. Can its revenue growth justify that price?
Cognizant commits over 25,000 professionals to Anthropic's Claude delivery
The group is focused on execution excellence, transformation and client success, with the scale to take AI from pilot to production across enterprises' core operations, the Nasdaq-listed IT company said.
Anthropic's IPO: A close look at AI frontrunner's rapid growth, spiraling costs
Anthropic aims to raise up to $64.4 billion in an upcoming IPO, representing a significant market debut. The company plans a valuation of up to $1.02 trillion, showcasing its ambitions in AI. Founded by former OpenAI researchers, Anthropic's revenue has rapidly surged with enterprise adoption of its AI models. While facing substantial operating losses, the company remains committed to its substantial infrastructure investments.
AMD stock today surges 12% after Oppenheimer upgrades Advanced Micro Devices, while Nvidia slides amid board investigation report
AMD stock price today: AMD shares surged more than 12% on Monday after Oppenheimer upgraded the stock and set a $600 price target. A Google Cloud partnership, strong data centre growth and CEO Lisa Su’s confidence in AI chip demand also supported the rally, even as Nvidia faced a separate investigation involving its CEO.
Beyond Nvidia: Alice Huang’s reported ties to Gigabyte’s leaders and a data-centre business serving Alibaba
China's alleged spying operation targeting Nvidia CEO Jensen Huang goes beyond one executive. A New York Times investigation links Alice Huang, reportedly recruited by China's top intelligence agency, to Gigabyte's leadership and a Singapore-based data-centre company serving Alibaba. The operation allegedly aimed to gather information on Nvidia's advanced AI chips and influence their exports to China.
Nuvama Wealth Management Q2 Results: Profit rises 19% YoY to Rs 304 crore
Nuvama Wealth Management Ltd achieved a consolidated net profit of Rs 303.5 crore for Q2 FY27. The company saw a revenue increase of 20.35% to Rs 1,366 crore for the same quarter. Client assets reached Rs 5.5 lakh crore, reflecting a 25% year-on-year growth. Wealth management, asset services, and capital markets drove this substantial growth. The company demonstrated strong operating profits with a return on equity remaining robust at 29%.
Smaller deals become big revenue driver for India’s top IT firms
The number of customers generating $1-10 million in annual revenue increased at most of these companies in the first half of fiscal 2027 from a year earlier, even as that of their big clients remained largely flat or grew at a slower pace.
Intel is the worst-performing S&P 500 stock in Q4, down 57%, what exactly happened?
The recent development about Intel's latest quarterly results have raised concerns among investors. According to media reports, Intel's client computing business has faced pressure from a weakening demand of PC. The price of the memory is also rising. This factor is making computers more expensive and hence affecting the demand.
US polls hit tech stocks; Qcomm’s Dhanteras gold rush
US technology stocks took a major beating days after the Democratic Party took control of both chambers of the Congress. This and more in today’s ETtech Top 5.
Binance $6.3 billion heist to prompt closer scrutiny by insurers
Following the $6.3 billion Binance heist, insurers are stepping up their scrutiny of cryptocurrency firms' security measures. During policy renewals, they will inquire about vulnerabilities exposed by the Binance incident. This reassessment could lead to new security prerequisites and an overhaul of risk evaluations. The event underscores the inadequacies of existing insurance solutions in the crypto landscape. Insurers will likely keep a vigilant eye on developments as the sector progresses.
Foxconn posts highest-ever monthly revenue in October, up 45.73 pc YoY on AI demand
According to the company's unaudited monthly revenue report released on Thursday, October revenue increased 12.66 per cent from NT$1.159 trillion (USD 35.18 billion) in September 2026, marking the highest single-month revenue in Foxconn's history.
From enterprises to SMBs: How Flashfox AI plans to change the hiring game
GetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Southeast Asia and the Middle East.
India’s IT sector needs a new talent architecture
Growing demand for AI-related services is challenging providers, as they struggle to generate significant revenue. Companies must redesign their workforce models to capture opportunities in an AI-driven market. Existing talent architectures focus on old skill sets and hierarchies, which are becoming less relevant. Investing in specialized roles and capabilities will better align with the new market demands.
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