FT News Briefing Turkey after the PKK
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May 15, 2025 CoreWeave's astonishing 420% revenue rise raises eyebrows in the tech community. The recent unexpected rally in US assets leaves investors scrambling. Nvidia's move to establish a research center in Shanghai highlights ongoing trade tensions. In a significant turn, the Kurdish militant group PKK has announced its disbandment, hinting at potential peace in Turkey. The complexities surrounding this peace deal reflect deeper political dynamics and implications for regional stability, making it a pivotal moment in the ongoing conflict.
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Nvidia's Strategic Bet in China
- Nvidia plans to build an AI chip research center in Shanghai to cater to Chinese clients.
- The chips aim to comply with US export controls despite trade restrictions with China.
Wall Street Caught Off Guard
- Wall Street investors betting on a market downturn were caught off guard by a rapid rebound.
- The market erased losses related to tariffs but remains volatile with uncertain prospects.
Market Rebound Risks
- Although the market rebound shows some confidence, risks remain high due to tariffs and inflation.
- Investors may get caught off guard again as trade policies remain unpredictable.