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- 🤖 Nvidia Sets Up AI R&D Hub in Vietnam
🤖 Nvidia Sets Up AI R&D Hub in Vietnam
Lucian H
December 06, 2024
Good Morning. This is the Investor Lookout with the daily digest.
Here’s what we got today:
🤖 Nvidia Expands AI Footprint in Vietnam
✈️ American Air Lifts Profit Forecast Amid Holiday Surge
💸 Investment 101: Real Estate Series 1 #3 - Evaluating Commercial Real Estate Opportunities 💸
Nvidia Expands AI Footprint in Vietnam
Nvidia is planting new AI roots in Vietnam. Nvidia's ($NVDA) CEO, Jensen Huang, gave the green light to launch an artificial intelligence R&D center in Vietnam, strengthening its presence in Southeast Asia. Vietnam's Investment Minister Nguyen Chi Dung said the hub, along with a Viettel Group data center, will help develop advanced AI in the country. Nvidia is also acquiring Vingroup's AI unit, VinBrain, which is positioned as "the starting point of a major future design center," according to Huang.
Prime Minister Phạm Minh Chính (second from right) and NVIDIA founder and chief executive officer Jensen Huang bear witness to the signing of the agreement in Hà Nội on Thursday. — Photo courtesy of the National Innovation Centre
Vietnam aims for an annual revenue of over $100 billion from the semiconductor industry by 2050.
Southeast Asian countries compete for investments in data centers, with Damac Group planning to invest $3 billion to build them in the region.
American Air Lifts Profit Forecast Amid Holiday Surge
Travelers booked their holiday flights; investors saw their position take flight. American Airlines ($AAL) raised its fourth-quarter profit forecast, citing stronger holiday demand and higher fares. The airline carrier now expects adjusted earnings of 55 to 75 cents per share, up from a previous forecast not exceeding 50 cents and topping analyst estimates of 40 cents. The company's shares went up by 17% on Thursday after the news, its most significant jump since early 2021. Rivals Southwest ($LUV) and JetBlue ($JBLU) also boosted their outlooks following record Thanksgiving numbers.
© Reuters. FILE PHOTO: An American Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo
The airline also extended its co-branded credit card deal with Citigroup ($C).
Southwest expects unit revenue to increase as much as 7% in Q4, compared to its 5.5% prior forecast.
What This Could Mean For the Average Investor? 🔎
#1
With Nvidia expanding into emerging markets like Vietnam, investors might consider diversifying into long-term global growth tech stocks.
#2
As airlines boost their profit forecasts, it may signal resilient consumer spending.
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