Nvidia (NVDA.US) CFO: Demand from AI labs is expected to contribute about a quarter of the company's overall business next year.

The Dow Jones closed up 0.2%, the Nasdaq rose 1.57%, and the S&P 500 gained 0.72%. Among the most actively traded stocks, Nvidia rose 8.74%, Micron Technology fell 0.32%, Microsoft climbed 1.75%, and Salesforce surged 22.58%.

SK Hynix invests over $4 billions to build an advanced HBM packaging facility in the U.S., mass production expected in 2029

Total revenue was $478 million, up 15% year-on-year. Total subscription revenue, on both a reported and constant currency basis, was $449 million, up 15% year-on-year. Sales-led subscription revenue (excluding monthly flexible cloud subscription revenue), at constant currency, was $399 million, up 18% year-on-year and 17% at constant currency.

Reports indicate that the Trump administration is in negotiations with Venezuela to acquire shares in the country’s oil fields. According to sources cited in related reports, the agreement being discussed involves more than ten oil fields, and its implementation could double the size of the United States’ oil reserves. If reached, this agreement would significantly increase America’s influence in Venezuela’s oil industry and is expected to accelerate the transformation of the local oil sector,