Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
Tesla’s stock soared nearly 12% in pre-market trading on Thursday after the company forecasted significant electric vehicle (EV) sales growth for next year. The strong growth forecast helped alleviate investor concerns that CEO Elon Musk was shifting focus away from Tesla’s core business of selling EVs.
The stock's surge could potentially add around US$80 billion (RM348.2 billion) to Tesla's market capitalization, reversing a recent decline fueled by worries over Musk's attention being diverted to new projects like robotaxis and AI. Musk has been working to pivot Tesla into an artificial intelligence and robotics company, but he reassured investors on Wednesday by projecting 20%-30% sales growth in 2025, promising more affordable vehicles, and emphasizing cost-cutting efforts to boost margins.
Tesla’s renewed focus on its EV business was welcomed by investors, who had previously been concerned about Musk’s bold but vague announcements regarding driverless taxis and humanoid robots. These new projects had stoked fears of shrinking margins due to price cuts. However, Musk’s pledge to produce two million Cybercabs per year by 2026 reassured some that growth in Tesla’s EV business is still a priority.
Industry experts, like Jessica Caldwell from car research site Edmunds, noted that Tesla was finally providing more clarity on how it plans to grow, which is exactly what investors wanted to hear. However, some investors remain skeptical. Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, criticized Musk for diverting attention from the core business and focusing on ventures like robotaxis and AI.
Despite the optimism, Tesla faces potential regulatory hurdles for its ambitious plans, especially regarding its driverless ride-hailing services. Musk acknowledged the challenges, particularly in California, but expressed confidence that approvals would come next year.
For now, Tesla’s core EV business remains strong, with its fundamentals likely to sustain investor confidence—at least until the next earnings cycle. Caldwell emphasized that while futuristic projects like self-driving cabs are exciting, capturing current sales and streamlining operations are crucial to funding Tesla’s long-term vision.
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