Economy

The development of AI
Delayed chip from Nvidia could slow down several tech giants

Nvidia's newest AI-capable Blackwell chip will be delayed by up to three months due to a design issue, The Information reports, citing manufacturing sources.

Blackwell was launched in March and the superchips were supposed to ship at the end of this year, but now it looks more like the first quarter of next year, according to the source.

If true, it could slow down the other tech giants who pre-ordered Nvidia chips for billions of dollars - among other things to gain ground in the AI ​​race.

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Nvidia has not commented on the data.
Analyst: Trump victory could fuel inflation and conflict

A victory for Donald Trump in the US presidential election could have consequences for both the economy and security. That's what analyst Tina Fordham says to Dagens Industri.

- With Trump as president, I think we would see more conflicts and increased inflationary pressure.

She urges business leaders and investors to prepare for a changing business climate and emphasizes that Trump's statements should be taken seriously. For Europe, it is particularly important to note that the former president is not favorably disposed to alliances, which could affect NATO.

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Svantesson: The economy can be damaged by a Middle East war

If the tensions in the Middle East escalate into a war, it would also have consequences for the Swedish economy, says Finance Minister Elisabeth Svantesson (M) in an email to SvD.

She cites increased energy costs and disruptions in global shipping chains as two risks.

"This in turn can lead to higher inflation, increased uncertainty, tighter financial conditions and lower GDP as a result," she writes to the newspaper.

Tensions have risen in the Middle East after Hamas leader Ismail Haniya was killed in Iran. Flexa experts have warned that it could lead to a bigger conflict in the area.

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US jobs shock produced worst stock market day since 2023

The Stockholm Stock Exchange fell heavily for the second day in a row – more than any other trading day since March 2023. At the close, the index stood as follows:
• OMXSPI: −3.1%
• OMXS30: −3.2%
The fall deepened in the afternoon as new jobs figures from the US came in much weaker than expected, adding to fears of a recession.

Investor fell by just over 5 percent to the bottom of an almost completely red large company index. Sinch, Kinnevik, ABB and SEB also lost more than 4.5 percent.

A handful of defensive stocks stand out with small gains: Tele2 and Essity rose by 1.5-2 percent, Telia by 1 percent and Astra Zeneca  marginally above zero.

On the plus side, Millicom is also noticeable, which lifted 5 percent after a higher bid from the major owner Atlas Investissement. Oscar Properties rose just over 2 percent after the announcement that the company will apply for restructuring.

Intrum rose at most around 6 percent after information that 60 percent of the bondholders had signed the proposal for new bond terms, but closed at minus 0.2 percent.

Wall Street yesterday
S&P 500: -1.4%
Nasdaq: -2.3%
Dow Jones: -1.2%