Nvidia results to spotlight fallout of China-US trade war

OpenAI and SUR Energy are planning a $25 billion data center in Patagonia, Argentina with 500 megawatts capacity powered by renewable energy. This project aims to transform the region into an AI infrastructure hub. Patagonia was chosen for its abundant renewable resources, aligning with sustainability goals. The initiative is part of global AI data center investments growing at 28.3% annually through 2030. If successful, the project will boost Argentina's tech sector, create jobs, and support global AI advancement.

Global gold prices surged in October 2025 as investors sought safe-haven assets amid economic uncertainty. Key drivers include mixed economic signals from major economies, geopolitical tensions in Eastern Europe and Middle East, a weakening US dollar, and central banks maintaining high interest rates. Gold reached nearly $2,150 per ounce, with strong demand in Asian markets. Despite no major crisis, the rally suggests persistent economic vulnerabilities.

China has intensified customs enforcement on Nvidia AI chip imports as part of its strategy to reduce dependence on U.S. technology and promote domestic alternatives. This crackdown impacts China's AI development projects that rely on Nvidia's computing solutions and could accelerate investment in Chinese chip makers. The move highlights growing technological competition between China and the U.S., with both nations racing to lead in AI and semiconductor technologies. China's actions aim to create a more self-sufficient tech ecosystem while navigating complex geopolitical tensions in the global technology market.

Federal Reserve official Mary Daly has warned that the U.S. labor market has reached a "worrisome" point as job growth slows. She indicated this weakness strengthens the case for interest rate cuts in coming months, noting that labor markets tend to deteriorate further once they begin weakening. The Fed faces additional challenges with a government shutdown delaying critical economic data releases. Meanwhile, companies are increasingly turning to artificial intelligence technologies for productivity gains as the labor market cools. Markets expect another rate cut at the Fed's October meeting as officials balance inflation concerns against employment risks.