Economy

Nvidia's future
Experts: AI wave not over – demand is red hot

Nvidia's forecast of 70 percent revenue growth next fiscal year shows that demand for AI computing power is "still red hot," according to Argent Capital manager Jed Ellerbroek.

- These growth rates are extraordinary and completely unprecedented, he tells Bloomberg.

Carson Group's Ryan Detrick also believes that "the AI ​​wave is far from over."

The reporting season shows that companies' business is still strong despite the massive AI investments, according to UBS investment manager Mark Haefele. "We stand by our belief that AI continues to be a strong growth trend," he writes in a comment.

Swissquotes analyst Ipek Ozkardeskaya also believes that AI expansion will continue at a rapid pace and that Nvidia will continue to take the largest share of the pie, writes Reuters. 

Report flood
AI rocket Sivers's loss grows - focuses on scaling up

AI stock market rocket Sivers Semiconductors reports increasing losses and lower sales for the second quarter. The company explains the development by shifting resources from development projects to preparations for increased series production in 2027. At the same time, product revenues increased by 18 percent compared to the same period last year.

CEO Vickram Vathulya says in a comment that the transition to a product company is continuing according to plan and highlights a record-breaking potential business pipeline of just over SEK 11 billion, a continued influx of orders and a strong balance sheet.

Sivers' share has ridden the AI ​​wave and was up more than 2,000 percent since the turn of the year. After a tough summer, the increase is still close to 780 percent.

Nuclear power debate
US wants to build micro-reactors at military bases

The US military wants to build mini-sized nuclear power, known as micro-reactors, at military bases around the country, US media reports. Five companies have been tasked with building the reactors – and the hope is that the bases will become completely self-sufficient in energy.

The Trump administration is investing heavily in nuclear power. Government agencies have eased or completely removed obstructive regulations and are supporting companies that develop new technologies.

There are about a dozen companies in the US that are developing technology for micro-reactors, but none have been built yet, writes the New York Times.

Political situation in France
Le Pen wants to reassure entrepreneurs: No reason to worry

Almost eight out of ten French business leaders believe that the next president's policies will have a negative impact on the economy. This is shown by a survey commissioned by the employers' organization Medef, Reuters reports.

But the business community should not fear the policies of the far-right National Rally party, according to party leader Marine Le Pen, who is leading in opinion polls ahead of next year's election.

- Entrepreneurs who have taken the time to familiarize themselves with the National Rally's proposals have no reason to worry about the measures we are proposing, she says, according to the news agency.

Polls show that left-wing leader Jean-Luc Mélenchon could be her opponent in the second round of the election.

Food prices
Wheat price highest in three years - concerns about Russian offensive

The price of wheat on the world market has reached its highest levels in three years, reports TT.

There is concern that the Russian offensive war against Ukraine - which has already damaged exports from "Europe's breadbasket" - will be escalated.

Ukraine and Russia account for a quarter of global wheat exports. On the Chicago Mercantile Exchange, the futures price has reached $7.62 per bushel, which is the highest price since February 2023.Economy 

Jas crash in Hungary
Information: Failure of crashed Gripen plane's screens

The Gripen plane that crashed in Hungary on Monday had technical problems, according to information to Hungarian media. This is what Corren writes.

According to the Hungarian newspaper Pénzcentrum, the pilot had to control the plane with completely extinguished screens before ejecting. The newspaper further writes that the pilot managed to bring the Gripen plane down to the ground with the help of an escort plane, but that the plane skidded off the runway and caught fire.

The incident occurred in Szolnok in the central parts of the country.