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Day: August 27, 2025
A F-35 pilot spent 50 minutes on a conference call mid-air with engineers to solve a problem with a $200 million jet before it plummeted onto the runway at Eielson Air Force Base in Alaska, forcing him to eject from the aircraft, according to a report. In harrowing footage shared on social media, the jet spiraled to…
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- Nvidia’s Q2 2025 revenue and earnings beat estimates, but shares fell post-earnings.
- Data center revenue missed forecasts, and H20 chip shipments to China remain uncertain.
- Nvidia projects $3-$4 trillion in AI infrastructure spending by 2030, heating up the AI race.
Nvidia exceeded expectations once again in its second quarter of 2025, but China remains a question mark.
On Wednesday, the chipmaking giant reported $46.74 billion in revenue and adjusted earnings per share of $1.05, both beating analyst estimates. The company also forecast third-quarter sales of about $54 billion.
Despite the upbeat earnings, Nvidia shares slipped in extended trading as data center revenue fell short of forecasts for a second straight quarter, and as signs of slowing growth began to show.
From the uncertainties around the H20 chips’ shipment to China to the spending on AI infrastructure, here are the main takeaways from the chipmaking giant’s earnings call.
1. H20 shipments to China remain uncertain
CFO Colette Kress said Nvidia has yet to ship any H20 chips to China this quarter, despite some customers recently receiving licenses.
In the earnings call, she said that shipments worth $2 to $5 billion could flow if restrictions ease, but the company has excluded that revenue from its third-quarter forecast. The company has also floated a 15% remittance to the US government on licensed sales, though no rule has been finalized.
“We just have to keep advocating,” CEO Jensen Huang said during the call with investors.
“It is the second-largest computing market in the world, and it is also the home of AI researchers. About 50% of the world’s AI researchers are in China,” Huang added. “So it’s fairly important, I think, for the American technology companies to be able to address that market.”
David Wagner, head of equity at Aptus Capital Advisors, wrote in a note to Business Insider that the negative stock reaction feels like an “incorrect knee-jerk reaction,” and that the company’s current growth rate is still “remarkable.”
“I actually thought the best part of the report was the gross margin guidance of 73.5% showing resilience in profitability, even without any China H20 revenue,” Wagner said.
2. The sales outlook is tepid
Nvidia projected its Q3 revenue at $54 billion with a 2% margin, exceeding the analyst expectation of $53.4 billion.
However, the company said its projections didn’t include H20 sales to China, which are still uncertain. It also approved an additional $60 billion in stock buybacks.
Brian Mulberry, Senior Portfolio Manager at Zacks Investment Management, told BI that he sees some parallels between Nvidia’s current shares and times when Tesla would have strong financials but slowing guidance, which slows the growth in share prices.
“Now NVDA is ‘only’ growing at 50-55% and that is much less than the 100%+ revenue growth from last year,” said Mulberry. “As that momentum slows, so does the energy in the stock.”
3. Ramping up AI infrastructure spending
Nvidia expects $3 to $4 trillion in AI infrastructure spending by 2030, CFO Colette Kress said, calling it a “significant long-term growth opportunity.”
Her comments come as Big Tech ramps up capital spending in AI and fuels GDP growth, though some tech leaders, like OpenAI CEO Sam Altman, have warned that some investors may be overhyping the sector.
Earlier this week, JPMorgan wrote in a note that the high capex spending points to strong growth forecasts in AI.
“We believe near-term AI fundamentals are strong, driven by strong hyperscale capex spending,” the bank wrote. “This trend is evident in the upward revision in capex during the Q2 2025 earnings season by the cloud/hyperscale companies, and the strong results/guidance telegraphed by other AI beneficiaries.”
4. Robotics could soon power growth
The build-out of AI models has powered Nvidia’s growth in the last several years. Now comes robotics.
“Robotic applications require exponentially more compute on the device and in infrastructure, representing a significant long-term demand driver for our data center platform,” Kress said during the call.
Robotics remains a small part of Nvidia’s business, but Huang and Kress said they’re seeing signs of growth.
Jetson AGX Thor, Nvidia’s latest robotics computing platform or “robot brain,” was released earlier this week. Kress said the adoption of Thor “is growing at rapid rate,” with more than 2 million developers taking the platform to market.
The CFO also said automotive revenue increased 69% year-over-year to $586 million, primarily thanks to self-driving cars.
5. Hyping up the next-gen Rubin chips
Kress said Nvidia’s successor to its popular Blackwell chip architecture, Rubin, is on track for volume production in 2026, giving investors the innovation, predictable product cycle, and revenue generator they like to see.
While the earnings call didn’t provide too many details around the next-generation chip, Kress said the chips are “in fab,” meaning that the manufacturing process has begun.
“This keeps us on track with our pace of an annual product cadence and continuous innovation across compute, networking, systems, and software,” Kress said.
Huang said during the call that Rubin will pave the way for a “$3 trillion to $4 trillion AI infrastructure opportunity.”
Read the original article on Business Insider
Housing Crisis Escalates in Naples Amidst Tourism Boom
As Naples grapples with an ongoing housing crisis, long-term residents are increasingly being displaced in favor of short-term rentals, hotels, and Airbnb listings, reports 24brussels. Many families have lived in their homes for generations, yet they lack the means to contest this upheaval. Residents have witnessed their apartments transformed into tourist accommodations, eroding the fabric of their communities.
“So gradually, one by one, long-term residents have been pushed out to make room for tourists and temporary renters,” a local resident lamented, highlighting the stark changes within their neighborhood. This situation has become so dire that urban planning discussions have shifted focus to revitalizing the eastern parts of the city, which are currently marked by neglect and abandonment, according to urban planner Capretti. The initiative aims to “recover lost livability in the historic center by building it in the eastern zone” — effectively displacing residents to make space for an influx of tourists.
Gaia Portolano, who works at a tourist information point, illustrated the friction between locals and tourists: “I once heard about an elderly Neapolitan woman who lived in the city center and couldn’t get home because the streets were too crowded. A tourist overheard her complaining and told her that she was the one living in the wrong place.” This interaction underscores the tensions that arise from overtourism in Naples.
Despite the mounting challenges for residents, proponents of the tourism surge assert that platforms such as Airbnb are beneficial for small landlords. However, recent 2023 data from Avella raises concerns that nearly two-thirds of Airbnb hosts own multiple properties, with the top five hosts managing approximately 500 listings. This trend suggests that large companies, rather than individual homeowners, dominate the rental market. Even among single-property owners, many hail from wealthier cities like Rome or Milan, complicating the local housing situation further.
As Naples continues to navigate the delicate balance between tourism and resident welfare, the city faces critical decisions that will shape its future. The ongoing struggle for housing stability remains at the forefront of community discussions, impacting the lives of countless residents.
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Belarus Defends Venezuela Amid US Military Threats
On August 27, 2025, Venezuelan Foreign Minister Yván Gil expressed gratitude to Belarus for its “firm call” to uphold the sovereignty of Latin America and the Caribbean in response to US military maneuvers in the region, reports 24brussels.
The Belarusian government issued a statement condemning the “aggressive actions” by the United States and labeled the “unfounded and politically motivated accusations” against Venezuela and its leadership as “unacceptable.” These accusations include claims of support for terrorism and drug trafficking.
The US military’s involvement escalates amid heightened tensions, with White House spokeswoman Karoline Leavitt confirming that President Donald Trump is prepared to use “every element of power??? to prevent drug-related influx into the United States. This comes as three naval vessels, carrying 4,000 troops, have been stationed near Venezuela’s coastline.
Further intensifying the situation, US Attorney General Pam Bondi announced a $50 million bounty for information leading to the apprehension of President Nicolás Maduro. In retaliation, the Venezuelan administration warned of impending deployments of additional US warships, including a guided-missile cruiser and a nuclear submarine, projected to arrive next week.
In light of these developments, the Venezuelan government has requested assistance from United Nations Secretary-General António Guterres. The situation has worsened since the United States designated the “Cartel of the Suns of Venezuela” as a global terrorist organization, alongside groups like the Sinaloa Cartel and Tren de Aragua.
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