☰
HomeLiving Beyond BordersGZERO WorldSignalIn 60 SecondsPuppet RegimeGZERO World PodcastContact UsAbout UsCareersPrivacy PolicyTerms

Nvidia rally lifts markets – and struggling political leaders

February 22, 2024
Willis Sparks
People visit the stand of NVIDIA during the 11th China Digital Entertainment Expo and Conference, known as ChinaJoy 2013, in Shanghai, China, 25 July 2013.
People visit the stand of NVIDIA during the 11th China Digital Entertainment Expo and Conference, known as ChinaJoy 2013, in Shanghai, China, 25 July 2013.

Oriental Image

AI chipmaker Nvidia dropped jaws on Wednesday with earnings estimates that surged past even the most optimist expectations, sending a charge through global markets on Thursday. The firm’s stock price has surged almost 700% in the past 18 months to pass Amazon as the third-largest stock listed on the NASDAQ after Microsoft and Apple.

Where is GZERO’s signature political angle on this story? The first stock market to surge on this news was the Japanese Nikkei index, which climbed 2.2% higher to break its all-time highs set in late 1989 (!).

OK, “Japan is back” enthusiasm is limited by news this week that its economy fell into fourth place behind Germany with a disappointing Q4 from last year. There’s also the reality that topping this previous high reminds Japan and the world just how tough the past third of a century has been for its economy.

Still, good news is good news, and Fumio Kishida’s deeply unpopular government can use all the good news it can get.

This is also a welcome development for the US economy at a time when President Joe Biden badly needs it. On Thursday, US stocks posted their best day of the year so far, with the NASDAQ closing up nearly 3%.

From Your Site Articles

More from GZERO Media

US-Iran talks to be held this weekend

President Donald Trump speaks during a meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office on April 7, 2025. REUTERS/Kevin Mohatt
REUTERS/Kevin Mohatt

On Monday, President Donald Trump said that the US has been engaged in “direct” talks with Iran over its nuclear program and said that a meeting with “very high-level” officials is set for this Saturday. Iran’s Foreign Minister Abbas Araghchi confirmed there would be talks in Oman, but said they would again be through intermediaries.

Graphic Truth: How Trump aims to alter the US voting system

An infographic of the changes to the US voting system under Trump's executive order
Paige Fusco

Officials from the Democratic Party in 19 states have filed a lawsuit challenging Donald Trump’s efforts to alter the national voting process via an executive order entitled “Preserving and Protecting the Integrity of American Elections,” which they argue infringes upon states’ constitutional rights to manage their elections.

Time is running out for Serbia’s embattled president

People protest Ljubljana's Mayor Zoran Jankovic's support of Serbia's President Aleksandar Vucic near the Serbian embassy in Ljubljana, Slovenia, on March 5, 2025.
REUTERS/Borut Zivulovic

After months of historic protests, Serbia’s embattled president, Aleksandar Vučić, is now up against something particularly formidable: the clock.

Don’t call it a trade war

A general view outside Exchange Square in Hong Kong's financial district. Asian stock markets have plummeted amid growing fears of a global trade war, as Donald Trump described his tariffs as ''medicine'' and showed no indication of backing down.
ZUMA Press Wire via Reuters Connect

In the latest twist of the United States’ trade war with China and the world, US President Donald Trump declared Monday that he would impose an additional 50% levy on Chinese imports on April 9 if Beijing refuses to drop its retaliatory tariff.

Iran-backed militias in Iraq ready to surrender weapons?

Iraqi Prime Minister Mohammed Shia al-Sudani attends a press briefing in Tehran, Iran, January 8, 2025.
Iraqi Prime Minister Media Office/Handout via REUTERS

In response to warnings from US officials of looming air attacks by US forces, the leaders of four of the largest Iran-backed militia groups operating in Iraq told Reuters on Monday that they were prepared to surrender their weapons to Iraqi government authorities.

About UsCareers PressContact Us Privacy PolicyTerms of Use
© 2020 GZERO Media. All Rights Reserved | A Eurasia Group media company.