AI is back — it never really went away

Investors returned to artificial intelligence names on Monday in the US. shares Nvidia jumped 5.8% Broadcom Advanced 2.6% and Microsoft It rose 1.9% to end an eight-day losing streak, the longest consecutive decline since 2011.

Market watchers are hopeful that another historically long string of recessions – the US government shutdown – will also be halted soon. As of press time of this newsletter, lawmakers in the US Senate are voting on a deal to reopen the government, though it must still pass through the House of Representatives and then be signed into law by President Donald Trump (who has already approved it). Due to his approval).

This does not mean concerns High AI ratings They have completely gone too far.

CoreWeave On Monday, it reported third-quarter earnings. It leases Nvidia cards to AI-related companies, such as… Google And Microsoft, a business model that links it closely to the business of artificial intelligence. The company’s revenue swelled 134% year-over-year, but it still posted a net loss and provided lower-than-expected guidance for the year.

The overall shape of these numbers — high revenues and big losses — is broadly reminiscent of OpenAI, the cash-bleeding, industry-leading startup that launched the AI ​​craze. Although, of course, it would be a stretch to equate the two companies and the factors that drive their finances.

However, Mark Heffel, CIO of… UPS global wealth management, He believes “AI-related stocks should lead stock markets.” With the US government shutdown about to end (hopefully not a jinx), this is another hurdle cleared for the markets.

Russia is late to the party, but it is still preparing to enter the rare earth element battle

Russian President Vladimir Putin ordered his officials last week To complete the roadmap by December 1st “For the long-term development of the extraction and production of rare and rare earth metals.”

Moscow has lagged behind counterparts such as China when it comes to exploiting its rare earth element deposits. Although it lags behind the big players, it is still estimated to have the fifth-largest known reserve of rare earths, totaling 3.8 million tons, the USGS said. This is higher than the United States’ production of 1.9 million tons.

– Holly Eliatt