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☆ Bug-bitten oolong? The secret behind Taiwan’s rare honey-flavored tea — and where to enjoy it
▼ + stars: | 2024-11-29 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +10 min

Unlike Taiwan’s ubiquitous bubble tea, mixiang tea is still highly limited and largely off-the-radar. Mixiang tea goes globalNatalie Chiu and Charlie Winkworth-Smith, food scientists and founders of sparkling tea brand Saicho. The farmers couldn’t afford to lose their entire harvest, so they decided to go ahead and roast the bug-bitten tea leaves anyway. Lee says his Gui Fei tea is so popular it often sells out before it can even hit the retail market. Their two sons have joined the family business in recent years and help promote Gui Fei tea whenever they can.

Persons: Lee Ming, cheng, Gui Fei Oolong, Dong Ding Oolong, Oolong, Tea, Natalie Chiu, Charlie Winkworth, Smith, Saicho —, “, Junjie Lin, ”, Lin, Winkworth, Chiu, they’re, Clint Liang, Liang, Dong Ding, “ Gui Fei, Gui Fei, Lee, Chiang, Kuo Huan, don’t, Kuo, Maggie Hiufu Wong, Lee Te Organizations: CNN, Saicho, Harrods, Michelin, Tokyo Chuo, Growers Locations: Nantou, British, Hong Kong, Taiwan, United Kingdom, London, Taipei, Fujian, Lugu, Tokyo, Hsinchu, it’s, Nantou County, Songshan District, Hualien

☆ Analysis: Trump’s Ukraine envoy has a plan to end the war that Putin may revel in
▼ + stars: | 2024-11-29 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +7 min

CNN —In a single post, the president-elect told the world what the end of the Ukraine war might look like. Kellogg, Trump’s 80-year-old former national security advisor, has laid out his peace plan in some detail, writing for the America First policy institute in April. Kellogg says more weapons should have been given before the Russian invasion, and immediately afterwards, to enable Ukraine to win. But that’s when the plan – which CNN has reported that Trump’s soon-to-be national security adviser is considering - stops being to Ukraine’s liking. The plan notes the United States manufactures 14,000 155 artillery rounds a month, which Ukraine can use up in just 48 hours.

Persons: Keith Kellogg, ” Trump, Donald Trump, Kellogg, Biden, …, Putin, Trump’s, Hyacinth, Richard Haas, Charles Kupchan, ceasefires, Sergei Supinsky, “ Biden, ”, don’t, revel Organizations: CNN, Trump’s, America, NATO, Mechanized Brigade, Ukrainian Armed Forces, Reuters, Russia, United States, Getty, Trump Locations: Ukraine, Russia, United States, China, Taiwan, ”, Moscow, Russian, Kyiv, AFP, America

☆ China is on edge after Trump's talk of tariffs
▼ + stars: | 2024-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementOn Monday, Donald Trump threatened more tariffs on China, blaming Beijing for fentanyl. China criticized Trump's tariff threats, calling them ineffective and unjustified. "The excuse the president-elect has given to justify his threat of additional tariffs on imports from China is farfetched," wrote China Daily in a Tuesday editorial. AdvertisementMarkets are muted as investors wait and seeGlobal markets were jolted following Trump's post on Truth Social on Monday, but the effects have been felt mostly in foreign exchange. Global firms and Chinese manufacturers have already been diversifying their operations to manage concentration risks following Trump's first term and the COVID-19 pandemic.

Persons: Donald Trump, Trump, he'd, George Saravelos, Goldman Sachs, Wu Zhiqiang, Young Liu, Al Jazeera Organizations: Global, Deutsche Bank, Shenzhen Lingke Technology, Nikkei Asia, Apple, Macquarie Locations: China, Beijing, United States, Shenzhen, Thailand, India, Vietnam, Taipei, Al, Southeast Asia, Africa, China's

☆ Lawsuit alleges that young dancers for Shen Yun Performing Arts have faced abuse
▼ + stars: | 2024-11-27 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

The lawsuit said Shen Yun has made hundreds of millions of dollars by exploiting young dancers it recruits from abroad, forcing them to work grueling hours and scaring them into thinking they’d face harm if they quit. According to the website, Shen Yun, along with Fei Tian Academy of the Arts and Fei Tian College — which were also named as defendants — were founded by followers of the Falun Gong faith. After the first year, she was paid $500 a month until she “graduated” from Fei Tian College in 2019, when her salary was raised to $1,000 a month, according to the lawsuit. The lawsuit said she contracted measles when she was 14 but was not permitted to see a doctor. Instead, the lawsuit said, she was told to meditate to feel better and was required to work while she recovered.

Persons: Shen Yun, Chang Chun, Chang, Shen Yen, “ Organizations: White Plains , New York AP, Shen Yun Performing Arts, Chinese Communist Party, CCP, New York State Department of Education, New, New England Commission, Higher, Fei Tian Academy of, Arts, Fei Tian, Radio City Music Hall, Fei Tian College Locations: White Plains , New York, White Plains, Dragon Springs, Cuddebackville , New York, New England, Manhattan, United States, Taiwan

☆ China’s hottest new tourist attraction is 5,000 feet in the air
▼ + stars: | 2024-11-26 | by ( Hassan Tayir | ) edition.cnn.com time to read: +3 min

It clocks in at 551 feet long (168 meters) and stretches between two cliffs at a height of 5,000 feet, according to Chinese state media. The attraction is located on Mount Qixing in Zhangjiajie Nature Park, in southwestern China’s Hunan province, an area famous for its complex terrain and diverse landforms. “I was not nervous, my son was,” He told CNN, “but he was all right soon afterward.”An aerial view of the Mount Qixing via ferrata. Courtesy Qixing AdventureHe Qian runs a B&B nearby, where she also helps people book tickets for the new attraction. Yuan Xiaorui, marketing supervisor of Qixing Adventure, the company that operates the attraction on Mount Qixing, told CNN that the three-hour via ferrata experience costs 580 yuan ($80).

Persons: ”, Qian, “, “ I’ve, Ferrata, commenter, Douyin, Yuan Xiaorui, Qixing, ” Yuan Organizations: Hong Kong CNN, CNN Locations: Hong Kong, China, Qixing, China’s Hunan, ferrata, Zhangjiajie, Taiwan, Hunan

☆ Russia says it's thinking of putting missiles in Asia if the US keeps deploying the weapons systems that anger China
▼ + stars: | 2024-11-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementRussia is considering deploying missiles in Asia if the US stations more systems there, a top official said. The remark hints at a potential for Russia to enter the fray in a region fraught with US-China tensions. Sergei Ryabkov, one of Russia's deputy foreign ministers, said on Monday that Moscow is considering deploying its short- to medium-range missiles in the Asia-Pacific. He had been asked by a reporter if Russia might station its missiles in Asian countries, according to the agency. Meanwhile, the US Army would respond by deploying long-range units from its Multi-Domain Task Force to the Philippines, per Kyodo News.

Persons: Sergei Ryabkov, Ryabkov, Trump Organizations: TASS, Kyodo, US, Kyodo News, Marine Littoral Regiment, High Mobility Artillery Rocket Systems, Marine, Regiment, US Army, Domain, Force, Associated Press, Xinhua, Nuclear Forces, Soviet Locations: Russia, Asia, China, Moscow, Washington, Beijing, Tokyo, Taiwan, Philippines, Japan's, Okinawa, Manila, Soviet Union

☆ Trump's trade plan could mean higher prices, and avoiding the impact won't be simple
▼ + stars: | 2024-11-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Trump's trade plans could spell trouble for prices, and preparing for it isn't so easy . AdvertisementThe prevailing theory among many economists is Trump's plan will increase prices and inflation as companies pass the cost of the taxes down to their customers. He told BI he views them more as a negotiation tactic with China and American companies with operations there. Still, some experts told BI they foresee obstacles to making it a reality . Sector experts told BI the massive chipmaker will continue to make its most advanced tech in Taiwan .

Persons: Drew Angerer, Tyler Le, Donald Trump's, Emily Stewart, We're, Philip Daniele didn't sugarcoat, John David Rainey, There's, Dominick Reuter, Emily, Trump, Nobel, Simon Johnson, Brian Cornell, Natalie Ammari Baby boomers, Scott Bessent, George Soros, Bluesky, Rose Wang, It's, Chelsea Jia Feng, Taylor Swift, they'll, crosshairs, Elon Musk, Vivek Ramaswamy's, Biden, Alex Jones, Menendez, Dan DeFrancesco, Grace Lett, Lisa Ryan, Ella Hopkins, Amanda Yen, Jack Sommers, Milan Sehmbi Organizations: Business, Getty, Walmart, Electronics, Target, Social Security, Treasury, Trump, Nvidia, White, Los Locations: China, Phoenix, Taiwan, Florida, Washington, Los Angeles, New York, Chicago, London

☆ In the US, young and middle-aged women are being diagnosed with lung cancer at higher rates than men
▼ + stars: | 2024-11-25 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +14 min

“Although lung cancer overall is decreasing because of declines in tobacco use, lung cancer among people who have never smoked has been rising significantly,” Wojcicki wrote in a YouTube blog that was posted Monday. A trend has emerged in the United States of more young and middle-age women being diagnosed with lung cancer at higher rates than men. 1 risk factor for lung cancer, many of these young women being diagnosed have never smoked. Although it remains unclear what exactly is driving this rise in lung cancer among young women, Yu has some ideas. Last year, US representatives introduced the Women and Lung Cancer Research and Preventative Services Act, which aims to commission more lung cancer research and would require the US Department of Health and Human Services to conduct an interagency review of the status of lung cancer in women, including identifying new opportunities for screening, diagnosis and treatment.

Persons: Susan Wojcicki, ” Wojcicki, “, ”, ” Mundin, ’, ‘ You’re, Jhalene Mundin, Helena Yu, Kara, Yu, I’m, ” Kara, “ I’m, ” Yu, Mundin, Alexander Drilon, ” Drilon, Drilon, Lung, …, it’s, Dr, Sanjay Gupta Organizations: CNN, YouTube, Memorial Sloan Kettering Cancer Center, Chicago Marathon, “, Lung Cancer Research, US Department of Health, Human Services, National Institutes, CNN Health, American Cancer Society, US Preventive Services Task Force Locations: “, United States, New Jersey, East, Taiwan

☆ Russia could give China submarine tech that would cut into US undersea dominance, US admiral says
▼ + stars: | 2024-11-25 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementRussia could hand China technology that would cut into US undersea dominance, a US admiral said. At a security forum, he said exchanges among Russia, Iran, North Korea, and China have intensified. Adm. Samuel Paparo, the US Navy's top commander in the Indo-Pacific, said that Russia will likely give submarine technology to China that would undercut the US' undersea dominance. According to Paparo, Russia is not only exchanging military capability and technology with China but also with North Korea and Iran. In return, according to Paparo, Russia would likely provide missile and submarine technology to the North Korean state.

Persons: Adm, Samuel Paparo, Paparo, Kurt Campbell, Kim Jong Un, Vladimir Putin Organizations: Halifax Security Forum, US Navy, North Locations: Russia, China, North Korea, Iran, Halifax, People's Republic of China, Taiwan, South China, Philippines, Japan, South Korea, Paparo, Korea, Ukraine, Korean, Russian, Pyongyang, Moscow

☆ Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
▼ + stars: | 2024-11-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Chipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company a roughly $8 billion grant, according to a person familiar with the matter, as the Biden administration moves to dole out funds before President-elect Donald Trump's inauguration. The U.S. awarded Taiwan Semiconductor Manufacturing Co. a $6.6 billion grant earlier this month, raising investor expectations that cash funding for Intel would come soon. Intel has benefited from CHIPS Act tax breaks but has not yet received cash awards, something which Intel CEO Pat Gelsinger has expressed dissatisfaction with. "We're frustrated that hasn't moved faster," Gelsinger told CNBC in October, referring to the CHIPS Act grants. U.S. House Speaker Mike Johnson had previously said he might look to repeal the bipartisan CHIPS Act, but he then walked back those comments.

Persons: Biden, Donald Trump's, Intel's, Pat Gelsinger, hasn't, Gelsinger, They've, Mike Johnson, acquirers Organizations: Intel, Commerce Department, Department of Defense, Street Journal, The New York Times, U.S, Taiwan Semiconductor Manufacturing, CNBC, Qualcomm Locations: Intel's

☆ TSMC's Phoenix chip factories likely won't erase the US's reliance on Taiwan
▼ + stars: | 2024-11-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

AdvertisementTSMC's Phoenix chip factories likely won't eliminate US dependence on tech from Taiwan. Experts told BI that TSMC's most advanced chips will likely continue to be produced in Taiwan. TSMC produces an estimated 90% of the world's advanced chips, which power everything from iPhones to cars. While TSMC's Phoenix factories are expected to boost semiconductor chip production in the US, the company isn't making its most advanced chips stateside, industry experts told Business Insider. For example, chips produced using 4 nanometer (nm) technology are expected to be made in the first Phoenix factory, while TSMC's Taiwan factories are already producing chips using 3nm technology.

Persons: Biden, TSMC, Jeff Koch, SemiAnalysis, — Koch, Stephen Ezell, it'll, Chris Miller, Miller, Koch, Trump, William Alan Reinsch Organizations: Commerce Department, Information Technology, Innovation Foundation, of Commerce, Arizona, Nvidia, Apple, Qualcomm, AMD, American Enterprise Institute, Center for Strategic, International Studies, Biden Locations: Taiwan, Arizona, Phoenix, TSMC's, United States, China

☆ Opinion | Taiwan Is Ready to Defend Democracy. Is Trump With Us?
▼ + stars: | 2024-11-24 | by ( Vickie Wang | ) www.nytimes.com time to read: +2 min

So spare a thought for one of these faraway places affected by your vote: my island home, Taiwan. He grew up in an era when, with the United States as a beacon, Taiwan transformed from dictatorship to democracy. He dreamed that I’d someday make a life in America, where he felt that his opinionated only daughter would thrive. He has made clear that, unlike previous presidents, he couldn’t care less about Taiwan and our hard-won democracy. He says — falsely — that Taiwan “stole” America’s chip business, has dismissed us as a geopolitical trifle and expressed doubt about the U.S. being able to defend Taiwan against China.

Persons: America, I’d, Donald Trump’s, —, Taiwan “ Organizations: “ Air Force, China Locations: Taiwan, China, United States, Indiana, Taipei, America

☆ Washington Curtails Intel’s Chip Grant After Company Stumbles
▼ + stars: | 2024-11-24 | by ( Tripp Mickle | Ana Swanson | ) www.nytimes.com time to read: +1 min

The Biden administration plans to reduce Intel’s preliminary $8.5 billion federal CHIPS grant, a move that follows the California-based company’s investment delays and broader business struggles. The government’s decision to reduce the size of the grant follows Intel’s move to delay some of its planned investments in chip facilities in Ohio. The company now plans to finish that project by the end of the decade instead of 2025. The chip maker has been under pressure to reduce costs after posting its biggest quarterly loss in the company’s 56-year history. The move by the Biden administration also takes into account Intel’s technology road map and customer demand.

Persons: Biden Organizations: Biden, Intel, U.S ., Taiwan Semiconductor Manufacturing Company Locations: California, Ohio

☆ Chinese Marines are becoming more like US Marines, while the USMC returns to its roots
▼ + stars: | 2024-11-23 | by ( ) www.businessinsider.com time to read: +7 min

AdvertisementBack to their rootsUS Marine amphibious assault vehicles approach the USS Wasp during a 2020 ship-to-shore exercise. This is transforming the US Marine Corps into "an archipelagic maneuver force designed to conduct littoral, sea-denial operations," Tangredi said. Ironically, the US Marine Corps is returning to its historical roots. This is what the US Marine Corps did for most of its history since its founding in 1775. AdvertisementAs for Chinese marines, their historical purpose was to storm Taiwan, not garrison tiny atolls on behalf of the navy.

Persons: Sam Tangredi, Tangredi, Lance Cpl, Jacqueline Parsons, Rudyard Kipling, Michael Peck Organizations: US Marine Corps, US, China's, Corps, Chinese Communist Party, CCP, China Maritime Studies, US Naval, PLA, People's, Army, PLAN, People's Liberation Army Navy, People's Liberation Army Navy Marine Corps, Nationalist, War College's Institute for Future Warfare, Marine, USS, US Navy, senior Marine, USMC, US Army, 3rd Littoral Regiment, South China, Marines, Navy, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Taiwan, United States, South China, of Africa, East, South, Roman, Vietnam, Iraq, Afghanistan, Pacific, America, Forbes

☆ National security officials meet with US telecom execs to share intel on Chinese cyber espionage campaign, White House says
▼ + stars: | 2024-11-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

(CNN) — Top telecom executives met with US national security officials at the White House on Friday as concerns mount over a long-running Chinese cyber-espionage campaign that has targeted some of the most senior US political figures in the country. The meetings were a chance for telecom executives to advise the government on how it could boost its defenses against sophisticated hacks, according to the White House. The hack is shaping up to be one of the biggest cyber and national security challenges facing the incoming Trump administration. But the full scope of the hack, who it affects and its impact on national security are still being investigated. US officials and private cyber experts are keeping a running tally of the number of telecom firms breached.

Persons: Trump, ” Sen, Mark Warner, Donald Trump, JD Vance, Jared Kushner, Eric Trump, Edward Snowden, Christopher Wray, ” Morgan Adamski, Adamski Organizations: CNN, — Top, US, White, Democrat, FBI, Warner, Verizon, Lumen, Republican, Democratic, National Security Agency, US Cyber Command, Cyber Command Locations: Virginia, Washington, DC, China, Taiwan, Arlington , Virginia

☆ Meet 21 DC power players who shape federal policy for chip companies like Intel, Nvidia, and TSMC
▼ + stars: | 2024-11-23 | by ( Helen Li | ) www.businessinsider.com time to read: +3 min

AdvertisementThe CHIPS and Science Act, offering over $30 billion in incentives, spurred semiconductor lobbying. Related VideoAmerican manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. Business Insider reviewed lobbying public disclosure reports associated with various chip companies and focused on the top listed lobbyists and governmental affairs departments. Only three companies—Polar Semiconductor, Global Foundries, and TSMC—have finalized funding contracts out of 21 set to receive CHIPS Act grant funding. The spokesperson declined to comment on chip lobbying efforts and the specifics of individual CHIPS applicants.

Persons: TSMC, Chris Miller, Joe Biden's, Donald Trump, Joe Rogan, TSMC —, Lori Yue, Yue, Trump, Howard Lutnick, Cantor Fitzgerald Organizations: Nvidia, TSMC, Intel, Big Tech, Micron, AMD, Business, Polar Semiconductor, Global, of Commerce, Companies, Columbia Business School, The Locations: Washington, Washington ,, Taiwan

It took Rep. John Curtis, R-Utah, just a few weeks to make his mark on the Senate — even before he'd actually take the oath of office to replace retiring Sen. Mitt Romney next year. But I’m not going to give him an unconditional yes to anything that he wants.”“He is not Mitt Romney and he is not Donald Trump. Former Utah Republican Gov. After deciding to run for Senate after Romney’s retirement announcement, Trump weighed in and endorsed Riverton Mayor Trent Staggs. But his colleagues and Trump allies felt that they understood his perspective, with Curtis’ likely disapproval of Gaetz leading to his quick withdrawal.

Persons: John Curtis, he'd, Sen, Mitt Romney, Donald Trump, Curtis, Matt Gaetz’s, Trump, I’m, He’s, ”, Carlos Curbelo, Romney, ” Curbelo, Jason Chaffetz, Hillary Clinton, Gary Herbert, Herbert, ” Herbert, he’s, Curbelo, Curtis ’, “, John, ‘, ’ ” Curbelo, it’s, didn’t, censuring Trump, It’s, Riverton Mayor Trent Staggs, he’d, you’re, That’s, Gaetz, Curtis didn’t, general’s, ” “ He’s, what’s Organizations: Rep, Justice Department, Republican Party that’s, Trump, GOP, NBC, Republican, “, Brigham Young University, Democratic Party, Congress, Former Utah Republican Gov, NBC News, Commission, Senate, Republicans, GOP House, Capitol, Riverton Mayor, Republican Senate, Ford Locations: Utah, Florida, Salt Lake City, Taiwan, Provo, Washington, Texas, “

Were Trump to follow through on his vow to impose tariffs on imports on Europe as well as from China, they would likely deviate further. There is also uncertainty across the continent about what the new White House will mean for the war in Ukraine. In their view, China could help to pressure Russia over Ukraine as Xi loses patience with a war he did not expect would drag on for almost three years. One senior European diplomat said that while China has never explicitly condemned Russia’s invasion of Ukraine, it has helped in other ways to rein in Moscow. continues to say that Ukraine will negotiate when Ukraine wants to negotiate,” another European official said, “and that the E.U.

Persons: Donald Trump, don’t, Trump, Vladimir Putin, “, Olaf Scholz, Putin, Sydney Walsh, Volodymyr Zelenskyy, ‘, Mike Waltz, Xi, Sergey Bobylev, ”, Keir Starmer, Xi Jinping, Starmer, Jimmy Lai, Scholz, Emmanuel Macron, David Lammy, Wang Yi, Liu Bin, Joe Biden, Wu Xinbo, ” Wu, ” Cao Lei, Kim Jong, trickier, ” Keir Simmons, Jennifer Jett Organizations: NBC, Union, NBC News, “, U.S, Economist, Chinese Communist Party, Getty Images, ”, Group, British, Xinhua News Agency, Getty, Trump, Center for American Studies, Fudan University, University of Hong Kong’s, Contemporary, Foreign, South China Locations: DUBAI, United Arab Emirates, Beijing, Brussels, China, Europe, Ukraine, we’ll, Kazan, Russia, Anadolu, South, Taiwan, Moscow, Rio de Janeiro, Britain, Hong Kong, British, Shanghai, “, Contemporary China, “ China, European, North Korea, U.S, Dubai

☆ Xi was unusually frank in spelling out China's 4 'red lines' for the US, a clear warning for Trump's China hawks
▼ + stars: | 2024-11-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Xi outlined China's "red lines" for the US, including the country's rights to development. He told Washington not to cross "four red lines" — which analysts say is a clear message for the incoming Trump administration. Foreign Minister Wang Yi has warned about not crossing Beijing's "red lines" in the past. AdvertisementXi's language raised some eyebrows, with analysts calling it "harsh" and deeming China's foreign ministry readout "strikingly negative" in some sections. Related storiesXi named Taiwan President William LaiOf the four "red lines," Taiwan is the most sensitive issue between the two countries, as Xi has repeatedly said over the years.

Persons: Jinping, Biden, Xi, Xi Jinping, Joe Biden, Washington, Trump, Igor Khrestin, George W, Khrestin, it's, Wang Yi, Florida Sen, Marco Rubio —, Beijing —, Jersey Lee, William Lai, William Lai Ching, Democratic Progressive Party —, Lai Ching, Lai, Tsai Ming Organizations: Trump, APEC Economic, Bush Institute, Trump Administration, Business, Beijing, State, Lowy, Democratic Progressive Party, Taiwan's National Security Bureau Locations: Beijing, China, Lima , Peru, Taiwan, Florida, United States, US, Ukraine

☆ Sitting on huge profits in Nvidia? Consider these 2 rules from Jim Cramer before proceeding
▼ + stars: | 2024-11-22 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Here's our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. This week's question: On Sept. 16, 2015, I bought 125 shares of Nvidia as a speculation stock. As longtime followers of Jim Cramer know, our belief at the Club is that discipline trumps conviction. Do we see further upside for Nvidia shares? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, NVDA, Jim, Jensen, Lee, –, you've, Jensen Huang, Donald Trump, They've, Jim Cramer's Organizations: Nvidia, NVDA, Investors, U.S, CNBC Locations: Florida, China, Taiwan

☆ Austin says it’s ‘unfortunate’ that Chinese defense chief declined meeting
▼ + stars: | 2024-11-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

WASHINGTON — China’s defense minister declined a meeting with Defense Secretary Lloyd Austin during a meeting of defense leaders in Laos, a move the Pentagon chief said Wednesday was unfortunate. Multilateral gatherings of national security officials in Asia have been used in the past for meetings between U.S. and Chinese defense leaders, but China declined a meeting request by Austin during this week’s Southeast Asian Nations-Plus defense ministers meeting. It affects the region because the region really wants to see us, you know, two significant players in the region, two significant powers, talk to each other,” Austin told reporters. “I don’t think that it has any sort of implications for the future. Chinese President Xi Jinping vowed on Saturday to work with the incoming U.S. administration of Donald Trump as he held his final talks with departing President Joe Biden on conflicts from cybercrime to trade, Taiwan, the South China Sea and Russia.

Persons: WASHINGTON, Lloyd Austin, Wednesday, “, ” Austin, ” Austin added.Austin, Dong Jun, Xi Jinping, Donald Trump, Joe Biden Organizations: Pentagon, Austin, Nations Locations: Laos, Asia, China, Singapore, Taiwan, cybercrime, South, Sea, Russia

☆ CNBC Daily Open: Could Nvidia’s greatest obstacle be itself?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Ann Wang | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Even though Nvidia's third-quarter revenue soared 94% on an annual basis, it's a slower pace than Nvidia's growth in the previous three quarters, when sales rose 122%, 262%, and 265%, respectively, as CNBC's Kif Leswing notes. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Ann Wang, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: NVIDIA Blackwell, Reuters, CNBC, Nvidia, Investors, University's Stern School of Business Locations: Taipei, Taiwan, New

☆ Want to invest behind Nvidia's Blackwell chip launch? Wall Street says try these stock alternatives
▼ + stars: | 2024-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors looking for alternative ways to profit off of Nvidia 's impending Blackwell chip rollout may want to take a look at these derivative plays. Shares of Nvidia fell 3% despite topping quarterly earnings expectations and Wall Street's forecast. The stock has whipsawed amid concerns of slowdown following several quarters of monstrous revenue growth and lofty guidance beats. Semiconductor product manufacturers MACOM Technology Solutions and Semtech are other potential beneficiaries from a strong Blackwell rollout, according to Stifel's Tore Svanberg. This includes companies such as Marvell Technology , Credo Technology and Astera Labs .

Persons: Brad Lin, Lin, Asiya Merchant, Stifel's Tore Svanberg Organizations: Nvidia, Blackwell, Bank of, Taiwan Semiconductor Manufacturing, Dell, Hewlett Packard Enterprise, Semiconductor, MACOM Technology Solutions, Marvell Technology, Technology, Astera Labs Locations: Taiwan

☆ Taiwan plans to spend $1B a year pivoting its economy from semiconductors to AI
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Wu Cheng-wen told Nikkei Asia that "AI sovereignty" is critical and benefits Taiwan's security. Taiwan is planning to spend about $1 billion a year on artificial intelligence as part of its efforts to shift its economy away from semiconductors. On Thursday, Taiwan's science and technology minister told Nikkei Asia that the government would spend $3 billion over 3 years to ramp up AI data centers and their computing ability. AdvertisementThe move comes as the country is not only trying to diversify its economy toward industries like AI, but also away from China. AdvertisementWu told Nikkei Asia that he is looking forward to cooperating with the US after Trump takes office in January.

Persons: Wu Cheng, Wu, Donald Trump's, TSMC Organizations: Nikkei, Financial Times, Taiwan Semiconductor Manufacturing Co, Reuters, China, Bloomberg, US, Trump Locations: Taiwan, Nikkei Asia, China, India, Arizona

☆ Asian chip stocks slump as Nvidia's slowing revenue growth worries investors
▼ + stars: | 2024-11-21 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Justin Sullivan | Getty ImagesAsian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. The sentiment has spilled over to Asia, with stocks tied to Nvidia suppliers as well as other chip companies mostly falling. Selloff in AsiaSemiconductor testing equipment supplier Advantest , which counts Nvidia among its clients, dropped as much as 5.6% on Thursday, the largest chip loser on Japan's benchmark Nikkei 225. Taiwan Semiconductor Manufacturing Corp , which manufacturers Nvidia's high-performance graphics processing units, slipped as much as 1.5%. The company has been a key supplier to Nvidia and is building the world's largest manufacturing facility in Mexico for assembling Nvidia's GB200 superchips, a key component of its next-generation Blackwell family computing platform.

Persons: Justin Sullivan, Daniel Newman, CNBC's Organizations: Getty, Nvidia, Futurum, Asia Semiconductor, Nikkei, Advantest Corp, Softbank Group, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, Blackwell, SK Hynix, Samsung Electronics Locations: Santa Clara , California, Asia, Selloff, Mexico, South Korea

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