Albany (NY) 93, Tarzans 50
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Nvidia, the renowned leader in artificial intelligence (AI) chip technology, has achieved remarkable milestones this year. Surpassing previous records, the company’s earnings skyrocketed as the demand for their cutting-edge products exploded. This success momentarily positioned Nvidia as the most valuable company globally, even surpassing Apple. The tech giant has been on a roll, gaining entry into the prestigious Dow Jones Industrial Average and becoming the standout performer in the index. However, Nvidia isn’t stopping there. The company has now reached a significant milestone, with approximately $30 billion flowing in from retail investors, highlighting its importance in today’s market. GPU’s Career Transformation Originally known for their top-performing graphics processing units (GPUs), which powered video games, Nvidia has successfully transformed its chips into indispensable tools for AI applications. GPUs excel at managing multiple simultaneous tasks, making them perfect for AI processes such as training large language models. This evolution has fueled a dramatic increase in Nvidia’s revenue. In the latest reports, quarterly earnings surpassed $35 billion, marking a substantial growth compared to two years ago. The Road Ahead: Blackwell’s Impact Nvidia’s journey is set to continue with the launch of the Blackwell architecture, demonstrating the company’s robust cost structure with a gross margin consistently above 70%. Blackwell’s introduction promises to enhance Nvidia’s compelling market position, featuring customizable systems engineered for revolutionary performance. While retail investors have shown a keen interest in Nvidia, assessing whether this stock is a wise addition to portfolios for 2025 remains crucial. Nvidia’s pioneering role and dedication to innovation suggest a promising trajectory, making it a stock to watch closely in the upcoming years. Nvidia’s Tech Revolution: New Trends and Innovations You Need to Know Harnessing AI Power: Nvidia’s Transformative Journey Nvidia has positioned itself as a dominant force in the tech industry, renowned for leading the advancement in artificial intelligence (AI) chip technology. This year has marked extraordinary achievements for the company, with its earnings reaching unprecedented levels due to the surging demand for its innovative AI products. At one point, Nvidia’s financial success was so significant that it momentarily surpassed Apple in market value, becoming the most valuable company worldwide. Innovations Driving Market Leadership Nvidia’s inclusion in the Dow Jones Industrial Average is a testament to its robust performance and innovative capabilities. The company’s transformation journey—from being a leader in gaming graphics to a pioneer in AI applications—has drawn significant interest from investors, infusing approximately $30 billion from retail investors into the stock market, underscoring its pivotal role in shaping today’s technological landscape. Blackwell Architecture: Redefining AI Performance The highly anticipated launch of the Blackwell architecture marks a new chapter for Nvidia, designed to push the boundaries of performance with customizable systems ideal for AI workloads. This innovation aligns with Nvidia’s impressive gross margin, consistently above 70%, reflecting a solid cost structure that supports its continuing advancements. The Blackwell architecture’s introduction is expected to secure Nvidia’s position as a leader in the AI sector, optimized for training extensive language models and handling complex computations. Forecasting Nvidia’s Market Trajectory Given the profound impact of Nvidia’s technologies, industry analysts are closely monitoring the company’s future potential, particularly whether investing in Nvidia stock is prudent for portfolios targeting growth in 2025. Nvidia’s legacy of innovation, coupled with its aggressive pursuit of AI excellence, suggests a powerful upward trajectory. Investors are advised to keep a vigilant eye on the company’s developments to gain insights into its market influence and investment value in the coming years. Conclusion Nvidia’s transformative strides in AI technology mirror its ability to adapt and innovate, traits that fuel its growth and promise for the future. With significant contributions to both gaming and AI sectors, Nvidia demonstrates a remarkable amalgamation of technological expertise and strategic market positioning. As the company continues to shape the future of AI, understanding its influences and innovations provides essential foresight for investors contemplating their next strategic move in the tech market. For more about Nvidia’s groundbreaking technologies, visit the Nvidia website .
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ATLANTA (AP) — Jalen Johnson scored 28 points and the Atlanta Hawks closed out a four-game homestand, winning a third straight contest, 120-110 over the Miami Heat on Saturday. Trae Young added his 22nd double-double of the season, with 11 point and 15 assist, and De'Andre Hunter scored 26 points in his 14th consecutive game with at least 15 points coming off the bench. Tyler Herro scored 28 points and dished out 10 assists and Bam Adebayo added 17 points and 10 rebounds. It was the Heat's fourth game in a row without star Jimmy Butler , who sat out for what the team called “return to competition reconditioning.” Takeaways Heat: Miami lost despite five players finishing with double-digit point totals. The Heat shot 44.4% from the field, but it wasn't enough to overcome a Hawks team that hit over half of its shots, 51.2% from the field. Hawks: Johnson has been on an offensive tear in his last two games. He finished two points shy of his single-game career high of 30 points, set in his last game, on Thursday against the Chicago Bulls. Hunter also finished just one point shy of his single-game career high of 27 points. Key moment After a close first half that featured nine lead changes, Atlanta seized control early in the second half. With five minutes to go in the third quarter, Atlanta’s Garrison Mathews and Hunter hit back-to-back 3s to give Atlanta an 81-72 lead, their biggest of the night, and forcing a Miami timeout. Key stat Young finished one assist shy of a franchise single-game record for assists against the Miami Heat, set by Mookie Blaylock in 1993. Up next The Hawks begin a six-game road trip in Toronto on Sunday, while the Heat visits the Rockets on Sunday. ___ AP NBA: https://apnews.com/hub/NBA Sean Holohan, The Associated PressThe Dow rocketed to a fresh record Friday, extending a post-election US equity rally while the euro retreated against the dollar following weak eurozone data. The blue-chip index piled on one percent to end the day at 44,296.51, narrowly overtaking a record set earlier this month. Major American indices have been at or near record territory since the US election, with investors betting that President-elect Donald Trump's program of tax cuts and regulatory scale-back would more than offset the drag from expected tariff increases. "The trading most of this week has been influenced by the growth agenda," said Jack Ablin, chief investment officer at Cresset Capital Management. Market watchers have been cheered this week by a broadening of the rally beyond the tech names that dominated earlier in the year. The dollar also continued to strengthen, reflecting less certainty about additional Federal Reserve interest rate cuts and the US currency's status as a haven asset amid escalating tensions in the Russia-Ukraine war. The euro was also battered by a closely watched survey showing contractions in November business activity in the eurozone. The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global dropped to 48.1 compared to 50.0 in October, the most marked rate of contraction in 10 months. Any reading above 50 indicates growth, while a figure below 50 shows contraction. "Things could hardly have turned out much worse," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. "The eurozone's manufacturing sector is sinking deeper into recession, and now the services sector is starting to struggle after two months of marginal growth." But as the euro fell both Paris and Frankfurt stocks managed to recover their losses and advance. "The eurozone data has increased the chance of more rate cuts from the ECB next year," said Kathleen Brooks, research director at XTB, as well a cut of 50 basis points next month. "Investors have been jolted into recalibrating interest rate expectations on the back of this bleak economic news," she added. London managed to gain 1.4 percent despite data showing that retail sales figures for October undershot forecasts, as the pound fell against the dollar. In Asia, Tokyo climbed as the government prepared to announce a $140 billion stimulus package to kickstart the country's stuttering economy. However, Hong Kong and Shanghai sank on a sell-off in tech firms caused by weak earnings from firms including Temu-owner PDD Holdings and internet giant Baidu. Bitcoin set a new record high above $99,500 Friday, before easing back slightly. The leading digital currency is expected to soon burst through $100,000 as investors grow increasingly hopeful that Trump will pass measures to deregulate the crypto sector. Bitcoin has soared more than 40 percent since the Republican's election victory this month and has more than doubled since the turn of the year. The recent surge has also been "driven by news that Trump could set up an official crypto department that would sit in the heart of US government," said XTB's Brooks. New York - Dow: UP 1.0 percent at 44,296.51 (close) New York - S&P 500: UP 0.4 percent at 5,969.34 (close) New York - Nasdaq Composite: UP 0.2 percent at 19,003.65 (close) London - FTSE 100: UP 1.4 percent at 8,262.08 (close) Paris - CAC 40: UP 0.6 percent at 7,255.01 (close) Frankfurt - DAX: UP 0.9 percent at 19,322.59 (close) Tokyo - Nikkei 225: UP 0.7 percent at 38,283.85 (close) Hong Kong - Hang Seng Index: DOWN 1.9 percent at 19,229.97 (close) Shanghai - Composite: DOWN 3.1 percent at 3,267.19 (close) Euro/dollar: DOWN at $1.0418 from $1.0474 on Thursday Pound/dollar: DOWN at $1.2530 from $1.2589 Dollar/yen: UP at 154.83 yen from 154.54 yen Euro/pound: DOWN at 83.11 pence from 83.20 pence West Texas Intermediate: UP 1.6 percent at $71.24 per barrel Brent North Sea Crude: UP 1.3 percent at $75.17 per barrel burs-jmb/mlm
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Gold pushes higher despite Middle East ceasefire, buoyant US DollarA passenger aboard a domestic Volaris flight on Sunday morning attempted to hijack and forcibly divert the aircraft to the United States, prompting an emergency landing in Guadalajara and the man’s subsequent arrest. The individual — a 31-year-old Mexican national identified as Mario “N” — was traveling from Leon, Guanajuato, to Tijuana, Baja California, with his wife and two children when the incident unfolded. According to authorities, Mario assaulted a flight attendant and attempted to breach the cockpit, citing a recent kidnapping of a close relative and a death threat as motivations for his actions. Crew members and at least one passenger subdued the suspect while the pilot issued an alert code and diverted the Airbus A320 to Guadalajara International Airport. Authorities, including the National Guard (GN), arrested Mario upon landing and transferred him to the Federal Public Ministry (MPF) for further investigation. His legal status will be determined by the Attorney General’s Office (FGR). “The crew subdued the aggressor in accordance with established security protocols,” Volaris said in a statement. At the Guadalajara airport, “GN personnel were already waiting for him.” The passengers and crew later continued on to Tijuana. “All passengers, crew and the aircraft are safe,” read a Volaris statement that was posted to the social media site X . Volaris also announced it had formally filed a complaint to ensure the suspect faces legal consequences. According to the authorities, the suspect said that upon taking off from León, he received a message that threatened either his own life or his kidnapped relative’s life — it’s not quite clear — if Mario traveled to Tijuana. According to witness reports, Mario grabbed a flight attendant, threatened her with a pen against her neck, and grabbed the handle to the plane’s door, saying he would jump to his death and take the flight attendant with him. Another passenger reportedly played a pivotal role in defusing the situation by persuading Mario to release the flight attendant and surrender peacefully. This person said no security personnel were present, and that it was he, with the help of other passengers, who managed to contain the attack. One witness said the man managed to get the plane door cracked open as passengers could be heard screaming, crying and pleading with him not to open it. Videos of the incident appear to confirm that account. Another witness said the suspect initially told passengers that he wanted to attract attention because his wife had been kidnapped and was seeking political asylum in the United States. Authorities noted that the state of Guanajuato, the flight’s departure point, is a region heavily affected by cartel violence , including extortion and kidnapping. It remains unclear if the threats Mario said he had received were connected to organized crime. With reports from Milenio , AP, KABC-TV , Infobae, The Guardian and Fox 5 San Diego