White House Urges Rejecting Bill Curbing Nvidia Exports

Technology stocks in Asia experienced a significant rally following Nvidia's record sales and optimistic guidance, which alleviated investor concerns regarding a potential AI bubble. The positive performance of Nvidia has instilled confidence in the technology sector, particularly among investors focused on AI-related stocks.

China is stepping up as a leader in climate action, according to green industry figures, particularly as the U.S. has reduced its participation in key climate meetings. This shift is seen as China filling a leadership vacuum in global climate discussions, as highlighted by UN and business leaders.

China is reportedly considering new measures to revitalize its struggling property market, amid rising concerns that further deterioration could destabilize its financial system. Bloomberg's Stephen Engle provided insights on this developing situation.

The article discusses the upcoming US jobs report and its potential implications following Nvidia's recent performance. Investors are closely monitoring Nvidia's earnings report, which is expected to provide insights into the health of the tech sector and the broader market. The anticipation surrounding these developments reflects a cautious sentiment among market participants.

At the 2025 Bloomberg New Economy Forum in Singapore, Mohamed Kande, Global Chairman of PwC, Forrest Li, Founder & CEO of Sea Limited, and Rishi Sunak, Former UK Prime Minister, discussed the tangible economic benefits generated by artificial intelligence. The conversation highlighted the significant impact AI has had on various sectors and the potential for future growth.

Iron ore shipments from a major Australian export terminal reached a record high for October, driven by resilient demand from China despite ongoing economic challenges. This surge highlights the strength of the iron ore market amidst fluctuating global conditions.

Asian markets have seen a rise following Nvidia's earnings report, which has alleviated concerns regarding a potential bubble in the AI sector. The chipmaker's strong performance has boosted investor confidence, leading to a rally in global tech stocks.

Gene Berdichevsky, Co-Founder and CEO of Sila Nanotechnologies, discussed his company's business strategy and the growing demand for electric vehicle (EV) batteries during an interview at Bloomberg's New Economy Forum in Singapore. He highlighted the importance of innovation in meeting market needs.