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Nvidia CEO Optimistic About Global Tech Cooperation Under Trump Administration

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
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Palantir Tops S&P 500 in November, While Celanese Hits a Low

As the holiday season nears, Palantir Technologies (PLTR) has emerged as the best-performing stock in the S&P 500 this November, while Celanese Corp (CE) has taken the bottom spot, according to Dow Jones Market Data.

Palantir’s Stellar Performance

  • November Gains: Shares of Palantir have surged 49%, on track for their best monthly performance since February.
  • Key Drivers:
    • Q3 Earnings: On Nov. 5, the stock soared 23% after posting better-than-expected Q3 results and raising annual guidance.
    • AI Momentum: The company’s artificial intelligence capabilities continue to drive investor excitement.
    • Index Milestone: Palantir’s inclusion in the S&P 500 in September has added to its momentum.
    • Market Move: Palantir will transfer its stock to the Nasdaq Global Select Market on Nov. 26, moving from the NYSE.
  • Year-to-Date Performance: The stock has skyrocketed 262%, setting it up for its best year on record.

Celanese’s Struggles

  • November Losses: Celanese shares have dropped 42%, marking their worst monthly performance since 2008.
  • Year-to-Date Decline: Shares are down 53% in 2024, which would also be their worst annual performance since 2008.
  • Challenges:
    • Q3 Earnings Miss: The stock fell 26% on Nov. 5 after missing analysts’ expectations and cutting its dividend.
    • Demand Weakness: CEO Lori Ryerkerk highlighted a “severely constrained demand environment,” with sectors like automotive seeing rapid degradation.

Takeaway

Palantir’s remarkable growth reflects its successful positioning in the AI space and its rising prominence in major market indices. On the other hand, Celanese’s struggles underscore the challenges facing cyclical industries like chemical materials during economic slowdowns.

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