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		<title>Elon Musk&#8217;s wealth could double the economy of his native South Africa as world&#8217;s first trillionaire &#124; Fortune</title>
		<link>https://lsd.hu/elon-musks-wealth-could-double-the-economy-of-his-native-south-africa-as-worlds-first-trillionaire-fortune/</link>
		
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		<pubDate>Fri, 12 Jun 2026 16:27:27 +0000</pubDate>
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					<description><![CDATA[Catapulted by the market debut of his rocket company SpaceX, Elon Musk could become the world’s first trillionaire by the end of the day. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt ) of a handful of major economies — [&#8230;]]]></description>
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<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2026/06/AP26163502806572-e1781277055515.jpg?w=2048" alt="AP26163502806572 e1781277055515" title="Elon Musk&#039;s wealth could double the economy of his native South Africa as world&#039;s first trillionaire | Fortune 2"></p>
<p>Catapulted by the <a aria-label="Go to https://apnews.com/article/musk-spacex-tesla-ipo-trillionaire-billionaire-worth-rockets-7723f82b6063a9a17c194e25982cd66d" href="https://apnews.com/article/musk-spacex-tesla-ipo-trillionaire-billionaire-worth-rockets-7723f82b6063a9a17c194e25982cd66d" target="_blank" rel="noopener">market debut</a> of his rocket company SpaceX, <a aria-label="Go to https://apnews.com/hub/elon-musk" href="https://apnews.com/hub/elon-musk" target="_blank" rel="noopener">Elon Musk</a> could become the world’s first trillionaire by the end of the day.</p>
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<p>That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or <a aria-label="Go to https://apnews.com/article/us-national-deficit-hits-39-million-6ff73495bae701b5c009d3da5515ca3a" href="https://apnews.com/article/us-national-deficit-hits-39-million-6ff73495bae701b5c009d3da5515ca3a" target="_blank" rel="noopener">staggering debt</a> ) of a handful of major economies — and, <a aria-label="Go to https://apnews.com/article/7e6f10f07b314dddb0b78ccc30ed6eb8" href="https://apnews.com/article/7e6f10f07b314dddb0b78ccc30ed6eb8" target="_blank" rel="noopener">in the last decade</a> alone, the value of some of the biggest companies to ever trade on the stock market.</p>
<p>Musk’s new title arrives amid a wider acceleration for the richest of the rich. Year after year, his former (although now very distant) billionaires club has reaped <a aria-label="Go to https://www.forbes.com/billionaires/" href="https://www.forbes.com/billionaires/" target="_blank" rel="noopener">a growing number</a> of members — from tech titans to celebrities. All the while, more and more people worldwide are <a aria-label="Go to https://apnews.com/article/consumer-prices-inflation-war-gas-878f6759c93fcb078aeefffe19d4dfa5" href="https://apnews.com/article/consumer-prices-inflation-war-gas-878f6759c93fcb078aeefffe19d4dfa5" target="_blank" rel="noopener">struggling to pay</a> their everyday bills. Many have decried the arrival of the first trillionaire as the latest and most alarming example of that wealth gap.</p>
<p>The number “one trillion” is hard in itself for the human mind to comprehend. One trillion dollars is a thousand times greater than $1 billion. And a million times more than $1 million.</p>
<p>Still, here are some ways to think about how far that amount of money could go.</p>
<h4 class="wp-block-heading">To the moon and back, over 200 times</h4>
<p>Thinking about what $1 trillion looks like is almost <a aria-label="Go to https://apnews.com/article/spacex-ipo-musk-trillionaire-investors-mars-moon-c0ba803b4e98382de2099cc92e547825" href="https://apnews.com/article/spacex-ipo-musk-trillionaire-investors-mars-moon-c0ba803b4e98382de2099cc92e547825" target="_blank" rel="noopener">as astronomical</a> as the interplanetary — and at this point, still far from realized — goals <a aria-label="Go to https://apnews.com/article/spacex-tesla-elon-musk-ipo-public-offering-6490112997adcbc47235479685a89b72" href="https://apnews.com/article/spacex-tesla-elon-musk-ipo-public-offering-6490112997adcbc47235479685a89b72" target="_blank" rel="noopener">SpaceX has laid out for itself</a>.</p>
<p>In terms of physical cash, one trillion U.S. dollar bills laid end to end would stretch nearly 97 million miles (or almost 156 million kilometers). That would account for the distance of more than 200 round trip journeys to the moon — which NASA says sits an average of 238,855 miles (nearly 384,400 kilometers) away from Earth. It would also surpass the roughly 93 million miles (about 150 million kilometers) between Earth and the sun.</p>
<h4 class="wp-block-heading">$122 for every person on Earth</h4>
<p>There are nearly 8.2 billion people living on Earth today, per the latest numbers from the U.S. Census Bureau. If $1 trillion was divided among the entire population, each person would receive almost $122.</p>
<h4 class="wp-block-heading">Double the GDP of South Africa</h4>
<p>One trillion dollars is more than double the annual GDP of South Africa, the country where Musk was born. According 2026 numbers from International Monetary Fund, the nation’s output of goods and services stands at nearly $480 billion.</p>
<p>Only about 21 countries in the world have a GDP over the trillion dollar mark today. The U.S. and China lead the pack at more than $32.38 trillion and $20.85 trillion, respectively, but that’s far ahead most other economies.</p>
<h4 class="wp-block-heading">2.5 million homes in the US</h4>
<p>Houses sold in the U.S. have a median sales price of about $403,200, per the latest numbers from the Federal Reserve Bank of St. Louis. With $1 trillion, you could buy nearly 2.5 million homes at that cost.</p>
<h4 class="wp-block-heading">243 billion gallons of gas</h4>
<p>At current U.S. gas prices — which averaged at nearly $4.11 a gallon Friday per AAA — $1 trillion could buy more than 243 billion gallons of regular fuel.</p>
<p>To help put that in context, that far surpasses the <a aria-label="Go to https://www.eia.gov/energyexplained/gasoline/use-of-gasoline.php" href="https://www.eia.gov/energyexplained/gasoline/use-of-gasoline.php" target="_blank" rel="noopener">nearly 137 billion gallons</a> Americans used on finished motor gasoline all last year. And prices at the pump were much less expensive in 2025. Steep oil prices, spanning from the U.S. and Israel’s <a aria-label="Go to https://apnews.com/hub/iran" href="https://apnews.com/hub/iran" target="_blank" rel="noopener">ongoing war</a> against Iran, propelled the national average above $4 a gallon <a aria-label="Go to https://apnews.com/article/gas-prices-4-gallon-iran-war-de8b7ccea254a1585cab86f336db57a6" href="https://apnews.com/article/gas-prices-4-gallon-iran-war-de8b7ccea254a1585cab86f336db57a6" target="_blank" rel="noopener">for the first time</a> in four years.</p>
<h4 class="wp-block-heading">Over $700 billion ahead the world’s second richest person</h4>
<p>According to Forbes, the second richest person in the world today is Google co-founder Larry Page — who carried a net worth of nearly $293 billion as of Friday morning. That’s $707 billion under the trillion dollar mark.</p>
<p>In fact, the combined net worth, as of Friday, of the four men following Musk <a aria-label="Go to https://www.forbes.com/real-time-billionaires/" href="https://www.forbes.com/real-time-billionaires/" target="_blank" rel="noopener">on Forbes’ richest list</a> — which, beyond Page, includes fellow Google co-founder Sergey Brin ($270 billion), Amazon’s Jeff Bezos ($251 billion) and Oracle’s Larry Ellison ($230 billion) — amounted to just over $1.04 trillion.</p>
<p>Those fortunes can oscillate by tens of billions of dollars by the day, or sometimes a matter of hours. Musk’s own net worth has rapidly ballooned in value. Just last year, his net worth sat at $342 billion per Forbes — up from $195 billion in 2024.</p>
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		<title>European companies double down on China manufacturing despite EU de-risking push</title>
		<link>https://lsd.hu/european-companies-double-down-on-china-manufacturing-despite-eu-de-risking-push/</link>
		
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		<pubDate>Wed, 27 May 2026 04:41:50 +0000</pubDate>
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					<description><![CDATA[A member of the Peoples Armed Police stands guard in front of the flag of the European Union at the European Delegation before a press conference by European Commission President Ursula von der Leyen on April 6, 2023 in Beijing, China. Kevin Frayer &#124; Getty Images News &#124; Getty Images BEIJING — More European companies [&#8230;]]]></description>
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<p>A member of the Peoples Armed Police stands guard in front of the flag of the European Union at the European Delegation before a press conference by European Commission President Ursula von der Leyen on April 6, 2023 in Beijing, China. </p>
<p>Kevin Frayer | Getty Images News | Getty Images</p>
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<p>BEIJING — More European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber of Commerce in China.</p>
<p>Nearly one-third of respondents said they were onshoring further in China, while 37% said they had not changed their supply chain strategy over the last two years, the report said.</p>
<p>The survey was based on responses from nearly 300 members collected from January to February who were familiar with their companies&#8217; mainland China supply chain strategies.</p>
<p>In total, 68% of respondents said they were either staying or expanding operations in China. By comparison, only 7% said they were moving factory sourcing outside the country or setting up alternative manufacturing bases elsewhere, the report said.</p>
<p>&#8220;We don&#8217;t see sort of de-risking becoming a theme,&#8221; said Jens Eskelund, President of the EU Chamber of Commerce in China.</p>
<p>&#8220;If anything it would indicate that European companies continue to be more dependent on China as a sourcing and manufacturing location for their products,&#8221; he said. </p>
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<p>China accounts for about 28% of goods manufactured globally, despite U.S. and EU tariffs. The bloc is reportedly <a href="https://www.politico.eu/article/eu-china-economy-germany-tougher-trade-weapons/" target="_blank" rel="noopener">ramping up its scrutiny</a> of China&#8217;s trade practices. The European Commission did not immediately respond to a CNBC request for comment.</p>
<p>About 24% of EU chamber members responding to the supply chain question said they were diversifying by both expanding in China and establishing alternative suppliers elsewhere.</p>
<p>The shift is also changing how global logistics companies operate.</p>
<p>Chinese companies are increasingly taking greater control over overseas supply chains as they expand globally, said Michael Aldwell, executive vice president for sea logistics at Swiss shipping company Kuehne+Nagel.</p>
<p>&#8220;We see a rising amount of business in our industry that&#8217;s controlled, decided, shipped, and paid for here in China,&#8221; Aldwell told CNBC&#8217;s &#8220;Squawk Box Asia.&#8221; These sectors include electric vehicles, batteries and consumer electronics, he added.</p>
<p>&#8220;We basically see this trend where when the China-based supply chain management organization is more mature than the destination market, or where you&#8217;ve got rapid change in an industry, the Chinese companies are choosing to take control over that supply chain.&#8221;</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>Automation lowers costs</h2>
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<p>Cost is one of the main reasons European companies are increasing production in China, the EU Chamber survey found.</p>
<p>Relatively low labor costs in China have helped power its role as a global manufacturing hub. But as factories face labor shortages, many have embraced automation — quickly. </p>
<p>&#8220;The cost of labor, which might be lower anyway, is becoming irrelevant itself, because [of] automation,&#8221; said Denis Depoux, senior partner, global managing director at Roland Berger, a consulting firm that helped the EU Chamber assemble the survey.</p>
<p>&#8220;The difference in the level of automation [versus] two years ago is mind-boggling. You don&#8217;t see anybody anymore,&#8221; he said, referring to his visit this week to a privately-owned Chinese copper manufacturing company.</p>
<p>Depoux added that while automation can initially cost more than human labor, factories can ultimately produce products more quickly. </p>
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<p>For example, Chinese electric vehicle maker <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">Nio<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, which has expanded into Europe, said one of its factories in China operates with 941 robots that can work fully autonomously across multiple vehicle models simultaneously — without workers on the production floor. That setup allows the factory to operate around the clock.</p>
<p>It&#8217;s all part of a local manufacturing ecosystem with access to lower industrial energy prices and raw material costs, Roland Berger pointed out in a March report titled &#8220;China&#8217;s cost and speed advantage: A wake-up call for Western companies.&#8221;</p>
<p>The report added that quarterly negotiations with suppliers on price and selective state subsidies often help Chinese products reach global markets earlier and at far lower costs.</p>
<p>About three-fourths of EU companies in China said their production facilities in the country were more efficient than operations elsewhere, the chamber&#8217;s survey found.</p>
<p>&#8220;In most industries today, you have at least one Chinese competitor, or an international competitor, that are leveraging Chinese supply chains,&#8221; Eskelund said. </p>
<p>&#8220;So I think in many industries, if you are able to compete on price and quality, you simply need to become a part of Chinese supply chains,&#8221; he said. &#8220;It&#8217;s not necessarily because you want to onshore on [to] China.&#8221; </p>
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		<title>JSW Steel posts 13-fold rise in profit for March quarter; to double capacity in 6 years</title>
		<link>https://lsd.hu/jsw-steel-posts-13-fold-rise-in-profit-for-march-quarter-to-double-capacity-in-6-years/</link>
		
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		<pubDate>Fri, 15 May 2026 16:35:49 +0000</pubDate>
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					<description><![CDATA[JSW Steel has posted a near 13-fold rise in its consolidated net profit for the March quarter aided by a one-time gain from the slump sale of BPSL Steel. The country’s largest steel-maker has also guided for reaching a production capacity of 78 million tonne by fiscal 32, up from around 36.4 million tonne currently. [&#8230;]]]></description>
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<div data-brcount="22">JSW Steel has posted a near 13-fold rise in its consolidated net profit for the March quarter aided by a one-time gain from the slump sale of BPSL Steel. The country’s largest steel-maker has also guided for reaching a production capacity of 78 million tonne by fiscal 32, up from around 36.4 million tonne currently.</p>
<p>The over two-fold rise in capacity will include capacity from joint ventures – POSCO and JFE Steel.</p>
<p>The flagship company of the JSW Group had a bottomline of Rs 19,243 crore as against Rs 1,510 crore last year. Apart from the exceptional gain, it also had a one-time charge related to the labour codes.</p>
<p>Adjusted for exceptional items, net profit stood at Rs 3,475 crore, more than double from the previous year.</p>
<p>The jump in profit was underpinned by the highest ever sales volume of Rs 7.97 million tonne during the March quarter, and the highest ever revenue from operations of Rs 51,180 crore. Reported earnings before interest, tax, depreciation and amortization for the quarter rose to Rs 8,634 crore from Rs 6,378 crore a year ago, while EBITDA margins stood at 19%.</p>
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<p>JSW Steel reported its earnings after market hours on Thursday, and its shares closed at Rs 1,297.05 rupees on the BSE, up nearly 2% from the previous close.</p>
<p>GROWTH STRATEGY<br />JSW Steel currently has a steel production capacity of around 31.9 million tonne at a standalone level, which is slated to rise to 48.8 million tonne by fiscal 2030, and then 62 million tonne by fiscal 2032.</p>
<p>Including 4.5 million tonne of capacity from its joint venture with JFE Steel, the company currently has a capacity of 36.4 million tonne, which will grow to 53.3 million tonne by fiscal 2030. Including its capacity from the joint venture with South Korean steel major POSCO, the company will have a capacity of 78 million tonne by fiscal 2032.</p>
<p>“JSW Steel’s growth continues to be firmly India-centric, reflecting our long-term conviction in India’s growth trajectory,” the company said in a statement. “A strong domestic steel ecosystem directly contributes to self-reliance, while also creating an opportunity to build further resilience as a country, especially in increasing our energy security in an increasingly uncertain global environment,” it said.</p>
<p>JSW Steel has guided for spending Rs 22,000-24,000 crore on capital expenditure in the current fiscal, up from Rs 15,595 crore it spent in fiscal 2026.</p>
<p>The company has also announced expanding capacity at its Vijayanagar plant by another 5 million tonne by fiscal 2030 for a capital expenditure of Rs 26,000 crore. This will make it the world’s largest plant in a single location with a capacity of 25 million tonne.</p>
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		<title>Wealthy donors stand to win double tax benefit if Trump Accounts allow stock donations</title>
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		<pubDate>Thu, 14 May 2026 15:35:55 +0000</pubDate>
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					<description><![CDATA[President Donald Trump onstage at the Treasury Department&#8217;s Trump Accounts Summit, in Washington, Jan. 28, 2026. Kevin Lamarque &#124; Reuters A version of this article first appeared in CNBC&#8217;s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. With the Trump [&#8230;]]]></description>
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<p>President Donald Trump onstage at the Treasury Department&#8217;s Trump Accounts Summit, in Washington, Jan. 28, 2026.</p>
<p>Kevin Lamarque | Reuters</p>
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<p><em>A version of this article first appeared in CNBC&#8217;s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. </em><em>Sign up</em><em> to receive future editions, straight to your inbox.</em></p>
<p>With the Trump administration weighing whether to allow stock donations to Trump Accounts for American children, the potential expansion is raising questions about the legal path — and highlighting the powerful tax benefits — to doing so. </p>
<p>&#8220;We all want to maximize more multi-billion gifts into kids accts &amp; the gifts may be cash / shares!&#8221; wrote Brad Gerstner, the hedge fund manager who pioneered the investment accounts, in a <a href="https://x.com/altcap/status/2052011544511496471" target="_blank">post on X</a> last week after <a href="https://www.nytimes.com/2026/05/06/business/dealbook/stocks-trump-accounts.html" target="_blank" rel="noopener">The New York Times first reported</a> the discussions. </p>
<p>The move would mean a notable change to the program, which currently requires contributions to be made in cash. Michael and Susan Dell, for instance, have pledged to donate $6.25 billion to seed Trump Accounts for 25 million children age 10 and under in ZIP codes with a median income of $150,000 or less.</p>
<p>The structure already comes with tax benefits: Donors can use pretax dollars for charitable contributions to benefit a qualified class of beneficiaries. But permitting stock contributions to the accounts would allow donors to offload appreciated shares without paying capital gains tax. Like with other charitable contributions, they can also deduct the stock&#8217;s fair-market value against their income. </p>
<p>The double tax benefit would be similar to that of gifting appreciated stock to donor-advised funds and other charitable entities.</p>
<p>&#8220;It&#8217;s a popular practice for particularly high-income taxpayers that would otherwise be paying a high rate,&#8221; said Will McBride, chief economist of the Tax Foundation. &#8220;I think it would make sense that they would try to extend the law to apply here.&#8221;</p>
<p>&#8220;This initiative has Trump&#8217;s name on it so I think they&#8217;re going to try to make this as taxpayer-friendly as possible,&#8221; he added.</p>
<p>A White House official told CNBC via email that the administration &#8220;is always open to finding new ways to build on the immense success of Trump Accounts&#8221; but said they had no updates to share. </p>
<p>A spokesperson for the Treasury Department declined to comment on the potential to accept stock donations. </p>
<p>&#8220;The U.S. Treasury Department is committed to maximizing the impact of Trump Accounts, driving sign-ups for all eligible children, and achieving our goal of having every American child own a Trump Account,&#8221; the Treasury spokesperson said via email.</p>
<p>McBride said he thought the change would highly motivate donors to seed the accounts. </p>
<p>&#8220;We know that for many of the very top billionaires, much of their wealth is held in stock that&#8217;s appreciated a great deal, so they&#8217;re sitting on a lot of unrealized gains,&#8221; he said.</p>
<p>Still, the practice is hardly new and wouldn&#8217;t offer benefits unique to Trump Accounts, according to Joseph Rosenberg, a senior fellow at the Urban-Brookings Tax Policy Center.</p>
<p>&#8220;My sense is it&#8217;s not, like, a game-changer in that sense, because people already have the ability to do it through private foundations and other vehicles,&#8221; he said.</p>
<p>Moreover, deductions for these donations presumably would still be subject to the cap 30% of adjusted gross income, or AGI, that applies to long-term appreciated capital gain property. The tax benefits of charitable giving for top earners also was trimmed by last year&#8217;s tax and spending bill.</p>
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<p>Manoj Viswanathan, law professor and co-director of UC Law San Francisco&#8217;s Center on Tax Law, said it would take more changes to make Trump Accounts more appealing from a tax perspective, such as raising the AGI cap for deducting donations to the investment accounts.</p>
<p>Raising that cap wouldn&#8217;t make a huge difference for the ultra-wealthy, as their income pales in comparison to their assets, according to Ellen Aprill, senior scholar in residence at UCLA School of Law.</p>
<p>However, donating stock does allow individuals to minimize or even eliminate their estate tax burden, she said. Unlike with income tax, charitable deductions for gift and estate tax are unlimited.  </p>
<p>&#8220;The gift tax treatment deduction matters a lot to the super rich,&#8221; she said. &#8220;Making charitable gifts gets the assets out of their estate and still avoids tax on the built-in capital gain.&#8221;</p>
<p>The lawyers and tax policy experts who spoke with CNBC were divided on whether allowing stock donations would require legislative action or could be done via guidance from the Treasury or an executive order.</p>
<p>Viswanathan said he didn&#8217;t think an act of Congress would be required unless the Treasury wants to allow the accounts to hold individual shares of stocks.</p>
<p>Gerstner suggested in a post on X that &#8220;100% of all $$ in Trump Accounts will be in a free index fund that tracks the S&amp;P 500.&#8221; </p>
<p>However, the X account for Invest America, the nonprofit advocacy group behind the accounts, said in another post, &#8220;Wouldn&#8217;t it be great if every kid in America got a share of SpaceX or Berkshire Hathaway or OpenAI?!&#8221;</p>
<p>McBride said expanding tax benefits for Trump Account donors would face an uphill battle in Congress with a razor-thin Republican majority.</p>
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		<title>India Inc net profit rising in double digits in Q4 despite RIL&#8217;s dip</title>
		<link>https://lsd.hu/india-inc-net-profit-rising-in-double-digits-in-q4-despite-rils-dip/</link>
		
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		<pubDate>Mon, 27 Apr 2026 00:44:46 +0000</pubDate>
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					<description><![CDATA[ET Intelligence Group: Early results trend for the March 2026 quarter shows that aggregate net profit grew in double digits helped by a low year-ago base and strong performance from banking and finance companies, which also offset the subdued numbers of Reliance Industries (RIL). For a sample of 159 companies, net profit rose 13% year-on-year [&#8230;]]]></description>
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<div data-brcount="14">ET Intelligence Group: Early results trend for the March 2026 quarter shows that aggregate net profit grew in double digits helped by a low year-ago base and strong performance from banking and finance companies, which also offset the subdued numbers of Reliance Industries (RIL). </p>
<p> For a sample of 159 companies, net profit rose 13% year-on-year compared with a 2.6% growth in the year-ago quarter. The profit growth was in single digit in the previous two quarters. Revenue grew 9%, the highest in seven quarters.</p>
<p> Excluding RIL, which reported a fall in profit due to pressure on the oil and gas business, the sample&#8217;s net profit grew at a faster rate of 17.6% while revenue rose 8.3%. RIL&#8217;s net consolidated profit excluding non-controlling interest fell 12.6% year-on-year to ₹16,971 crore in the March quarter despite a 12.9% increase in net sales at ₹3.3 lakh crore. The company&#8217;s share in the total sample&#8217;s revenue expanded to 33.5% from 33.1% a year ago while net profit share fell to 14.2% from 17.5% by similar comparison.</p>
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<figure class="imgBg"><img decoding="async" title="India Inc Net Rising in Double Digits in Q4 Despite RIL’s Dip" alt="India Inc Net Rising in Double Digits in Q4 Despite RIL’s Dip" src="https://img.etimg.com/photo/msid-42031747/et-logo.jpg" class="lazy gwt-Image" data-msid="130541350" data-original="https://img.etimg.com/photo/msid-130541350/india-inc-net-rising-in-double-digits-in-q4-despite-rils-dip.jpg"/><span class="imgAgency">Agencies</span></figure>
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<p>Lenders Take The Lead Banking &amp; finance firms together contributed 28% and 47% to the revenue and profit of a sample of 159 cos in the March quarter</p>
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<p> Banking and finance companies reported double-digit profit growth for the quarter, thereby, partially offsetting the impact of RIL&#8217;s lower profit. Excluding the lending sector, the sample&#8217;s net profit growth reduced to 9%while revenue growth improved to 11.4%. Banks and finance companies together contributed 28% and 47% to the total sample&#8217;s revenue and net profit in the March quarter.</p>
<p> Operating margin for the total sample contracted to 22.3% from 22.9% year-on-year on account of lower profitability of lenders. Excluding them, the sample&#8217;s operating margin improved to 17.9% from 17.1% a year ago.</p>
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<p> The IT companies in the sample reported a strong 12.9% year-on-year growth in net profit compared with the 1.7% growth in the year-ago quarter. Their rupee denominated profit got a boost from weaker currency against major currencies in the world. The sector contributed 22% and 27% to the total sample&#8217;s revenue and net profit respectively, similar to the previous year&#8217;s comparable quarter.</p>
<p> At the beginning of the current results season, analysts had anticipated a high single-digit growth in aggregate net profit to be driven by automobiles, banking and finance and metals &amp; mining companies. More companies are expected to declare results in the coming weeks, which is expected to bring more clarity to the quarterly trend analysis.</p></div>
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		<title>Iran war and stocks: Why Global X says &#8216;it might be time to double down&#8217; on emerging markets</title>
		<link>https://lsd.hu/iran-war-and-stocks-why-global-x-says-it-might-be-time-to-double-down-on-emerging-markets/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Wed, 11 Mar 2026 05:07:55 +0000</pubDate>
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					<description><![CDATA[It may be time to dive deeper into the emerging markets trade. Despite risks tied to the war with Iran, Global X ETFs&#8217; Malcolm Dorson points to weaker dollar trends and uncertainty at home as a tailwind for the group. &#8220;It might be time to double down,&#8221; the firm&#8217;s senior portfolio manager told CNBC&#8217;s &#8220;ETF [&#8230;]]]></description>
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<p>It may be time to dive deeper into the emerging markets trade.</p>
<p>Despite risks tied to the war with Iran, Global X ETFs&#8217; Malcolm Dorson points to weaker <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-1">dollar<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> trends and uncertainty at home as a tailwind for the group.</p>
<p>&#8220;It might be time to double down,&#8221; the firm&#8217;s senior portfolio manager told CNBC&#8217;s &#8220;ETF Edge.&#8221;</p>
<p>He expects a burst of U.S. war spending will soften the greenback, which jumped this week, and create a favorable backdrop for emerging markets.</p>
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<p>When asked about whether the dollar&#8217;s near-term strength could stick, Dorson responded, &#8220;for sure.&#8221; </p>
<p>However, it&#8217;s not his base case.</p>
<p>&#8220;A lot of people are trying to say this is going to be over in a week or two. We&#8217;re not sure,&#8221; he said. &#8220;However, I do think there are a lot of reasons to take advantage, to buy the dip here [in emerging markets.]&#8221;</p>
<p>As of Wednesday&#8217;s market close, the <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-3">iShares MSCI Emerging Markets ETF (EEM)<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> is off more than 5% week to date. It&#8217;s still up almost 37% over the past year. </p>
<p>VettaFi&#8217;s Cinthia Murphy also sees advantages by putting money to work abroad and finds investors have grown accustomed to geopolitical noise.</p>
<p>&#8220;There is no question that international has been the flavor of the year,&#8221; the firm&#8217;s director of research said.</p>
<p>Murphy indicates energy is the area to watch if the Iran conflict becomes prolonged.</p>
<p>&#8220;European markets are super dependent on energy and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-4">oil<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> coming out of the Middle East,&#8221; she said. &#8220;So, I think it could really shake things up a lot.&#8221;</p>
<p>Murphy listed the <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-5">United States Oil Fund (USO)<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> as a potential way to play energy. It&#8217;s up 12% so far this week and up 32% this year, as of Wednesday&#8217;s close. </p>
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		<title>Akuregoda double murder: owner of house where shooter was hiding arrested</title>
		<link>https://lsd.hu/akuregoda-double-murder-owner-of-house-where-shooter-was-hiding-arrested/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Thu, 26 Feb 2026 19:10:05 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/akuregoda-double-murder-owner-of-house-where-shooter-was-hiding-arrested/</guid>

					<description><![CDATA[The owner of the house that allegedly provided shelter to the second shooter involved in the recent shooting and killing of a lawyer and his wife at a supermarket’s parking lot in Akuregoda has been arrested. According to the police, the suspect was taken into custody this afternoon (26) by the Monaragala Police at a [&#8230;]]]></description>
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<p>The owner of the house that allegedly provided shelter to the second shooter involved in the recent shooting and killing of a lawyer and his wife at a supermarket’s parking lot in Akuregoda has been arrested.</p>
<p>According to the police, the suspect was taken into custody this afternoon (26) by the Monaragala Police at a residence in the Diviyapola area of Nannapurawa, Medagama.</p>
<p>He is scheduled to be handed over to the Western Province South Crime Division for further investigations, police said.</p>
<p>The Western Province South Crime Division has detained the second shooter who was arrested in Monaragala yesterday (25) in connection with the double murder and has been detained for 72 hours for interrogation.</p>
<p>During questioning, it was revealed that the murdered lawyer had appeared in two cases involving the shooter, police said. </p>
<p>Investigators stated that when the suspect arrived in Akuregoda, he had allegedly told the other shooter, “Buddhika knows me because he appeared in two of my cases.” </p>
<p>Subsequently, the suspects had reportedly stopped their vehicle and opened fire when they approached the lawyer’s car, police stated.</p>
<p>According to the police, the suspect has also reportedly confessed that he acted on the instructions of an individual known as ‘Karandeniya Sudda’ in a separate plot to assassinate former Superintendent of Boossa Prison, Siridath Dhammika. </p>
<p>The suspect further revealed that he carried out the attack with another individual named “Lala” and that he personally fired two shots at Dhammika.</p>
<p>Furthermore, the suspect has allegedly revealed his involvement in a triple murder that took place in the Southern Province, police said.</p>
<p>Meanwhile, investigators have obtained CCTV footage showing the suspect arriving at a lodge in the Pannipitiya area prior to the Akuregoda attack. </p>
<p>The footage reportedly shows him being transported to the location by an individual named “Janaka”, who had previously been arrested by police.</p>
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		<title>Sebi aiming to double number of equity investors in 3-5 years: Tuhin Kanta Pandey</title>
		<link>https://lsd.hu/sebi-aiming-to-double-number-of-equity-investors-in-3-5-years-tuhin-kanta-pandey/</link>
		
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		<pubDate>Mon, 17 Nov 2025 14:25:33 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/sebi-aiming-to-double-number-of-equity-investors-in-3-5-years-tuhin-kanta-pandey/</guid>

					<description><![CDATA[Capital markets regulator Sebi is aiming to double the number of equity market investors in the next three-five years, its chairman Tuhin Kanta Pandey said on Monday. Pandey cited findings of a survey conducted by Sebi recently, which points to eagerness to invest with over a fifth of the respondents saying they plan to invest [&#8230;]]]></description>
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<div data-brcount="20">Capital markets regulator Sebi is aiming to double the number of equity market investors in the next three-five years, its chairman Tuhin Kanta Pandey said on Monday.</p>
<p>Pandey cited findings of a survey conducted by Sebi recently, which points to eagerness to invest with over a fifth of the respondents saying they plan to invest in the securities market through some route.</p>
<p>&#8220;We are looking at double the number of investors. So, that is more than the populations of several countries put together. If we add another 100 million investors,&#8221; Pandey said, replying to a specific question on what will make him happy over the next 3-5 years.</p>
<p>As of October, the overall number of unique investors in India stood at 12.2 crore and the number has grown very fast since 2020 with the emergence of the Covid pandemic.</p>
<p>Speaking at the CII Financing Summit, Pandey said the onus is on the capital markets ecosystem consisting of the regulator and issuers to ensure that good quality paper comes to the market which attracts investor attention.</p>
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<p>Meanwhile, replying to another query on the possible impact on India if the US markets were to correct, Pandey said the domestic investors play a very strong role in the Indian markets, hinting of a limited impact.Making it clear that the India story is &#8220;not a bubble&#8221;, Pandey said the investor interest is driven by aspects such as high economic growth, reforms and investments by the government, and the ease of doing business measures.&#8221;the (domestic investors) will be the shields against the shocks that can come.&#8221; </p>
<p>He said Sebi&#8217;s agenda is not to add new rules, but the approach is about shaping a smarter rule book that is simpler to understand, proportionate to the risks it seeks to address and supportive of innovation.</p>
<p>Pandey said there have been a slew of signs of maturity in the markets and people&#8217;s confidence thereof, and enlisted some numbers to illustrate the same.</p>
<p>&#8220;In FY26, equity capital has crossed Rs 2.5 lakh crore while corp bonds have touched almost Rs 5.5 lakh crore in 7 months. These numbers reflect something deeper than capital buoyancy. They reflect public confidence that public markets can meet long-term financing needs efficiently, reliably,&#8221; he said. PTI<meta content="cms.article3" name="cmsei-article3"/></p>
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		<title>Ethereum Whales Double Down On ETH As $5,000 Price Target Becomes More Likely &#124; Bitcoinist.com</title>
		<link>https://lsd.hu/ethereum-whales-double-down-on-eth-as-5000-price-target-becomes-more-likely-bitcoinist-com/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Wed, 29 Oct 2025 02:56:26 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
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		<guid isPermaLink="false">https://www.lsd.hu/ethereum-whales-double-down-on-eth-as-5000-price-target-becomes-more-likely-bitcoinist-com/</guid>

					<description><![CDATA[Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With the price of Ethereum back above the $4,000 price mark following its recent rebound, crypto participants and analysts are beginning to call for the next crucial milestone, which is breaking above $5,000.  There has also been a rise in accumulation among [&#8230;]]]></description>
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									<img decoding="async" src="https://bitcoinist.com/wp-content/uploads/2025/02/safe.png" class="trusted-editorial-content__icon" alt="safe" title="Ethereum Whales Double Down On ETH As $5,000 Price Target Becomes More Likely | Bitcoinist.com 17"></p>
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<p><span style="font-weight: 400;">With </span><span style="font-weight: 400;">the price of Ethereum</span><span style="font-weight: 400;"> back above the $4,000 price mark following its recent rebound, crypto participants and analysts are beginning to call for the next crucial milestone, which is breaking above $5,000.  There has also been a rise in accumulation among key investors within the period, reflecting strategic positioning by these market participants.</span></p>
<h2>Analysts See A $5,000 ETH On The Horizon</h2>
<p><span style="font-weight: 400;">Ethereum</span><span style="font-weight: 400;"> has broken above $4,000, and the next significant milestone could be the $5,000 level, according to several forecasts emerging within the vibrant crypto community. According to new data that has surfaced, the leading altcoins’ path toward the anticipated $5,000 mark appears increasingly plausible as the market regains traction. </span></p>
<p><span style="font-weight: 400;">Even though ETH has had several attempts to break this level and failed each time, analysts are confident that it will happen this ongoing cycle, particularly before the year ends. In an X post, Crypto-Gucci.eth, a crypto pundit, </span><a href="https://x.com/CryptoGucci/status/1982820078170128470" target="_blank" rel="noopener nofollow"><span style="font-weight: 400;">highlighted</span></a><span style="font-weight: 400;"> that the altcoin now has a 52% chance of hitting and breaking the $5,000 threshold in 2025. However, this calculation is from PolyMarket, a world-leading prediction market.</span></p>
<figure id="attachment_615228" aria-describedby="caption-attachment-615228" style="width: 494px" class="wp-caption aligncenter"><img fetchpriority="high" data-recalc-dims="1" decoding="async" class="wp-image-615228 size-medium" src="https://bitcoinist.com/wp-content/uploads/2025/10/Ethereum-chart-from-Crypto-Gucci.jpeg?w=494&amp;resize=494%2C420" alt="Ethereum" width="494" height="420" srcset="https://bitcoinist.com/wp-content/uploads/2025/10/Ethereum-chart-from-Crypto-Gucci.jpeg?w=954 954w, https://bitcoinist.com/wp-content/uploads/2025/10/Ethereum-chart-from-Crypto-Gucci.jpeg?w=494 494w, https://bitcoinist.com/wp-content/uploads/2025/10/Ethereum-chart-from-Crypto-Gucci.jpeg?w=768 768w, https://bitcoinist.com/wp-content/uploads/2025/10/Ethereum-chart-from-Crypto-Gucci.jpeg?w=776 776w, https://bitcoinist.com/wp-content/uploads/2025/10/Ethereum-chart-from-Crypto-Gucci.jpeg?w=750 750w" sizes="(max-width: 494px) 100vw, 494px" title="Ethereum Whales Double Down On ETH As $5,000 Price Target Becomes More Likely | Bitcoinist.com 18"><figcaption id="caption-attachment-615228" class="wp-caption-text">ETH potential of reaching $5,000 growing | Source: <a href="https://x.com/CryptoGucci/status/1982820078170128470" target="_blank" rel="noopener nofollow">Chart from Crypto-Gucci.eth on X</a></figcaption></figure>
<p><span style="font-weight: 400;">Given the high probability of </span><a href="https://www.newsbtc.com/news/ethereum/ethereum-bull-cycle-potential-double-top-pattern/" target="_blank" rel="noopener nofollow"><span style="font-weight: 400;">ETH reaching $5,000</span></a><span style="font-weight: 400;"> in 2025, the expert is confident that the level seems to be extremely cheap for ETH to achieve by the end of the year. “Not going to lie, this may be the easiest bet of the year,” the expert added. </span><span style="font-weight: 400;">Other major targets, such as $6,000 and $7,000, now have a 25% and 14% chance of Ethereum reaching these levels this year, respectively. As ETH solidifies its place as the top smart contract platform, it is gaining traction for what might be </span><a href="https://www.newsbtc.com/news/ethereum/ethereum-price-reaching-16000/" target="_blank" rel="noopener nofollow"><span style="font-weight: 400;">one of the biggest rallies in its history</span></a><span style="font-weight: 400;">.</span></p>
<h2>Ethereum Whales Are Persistently Piling In</h2>
<p><span style="font-weight: 400;">As predictions of ETH’s price reaching the $5,000 price mark this bull market cycle grows, key investors appear to be heavily positioning themselves for this anticipated robust rally that might change the course of the market. </span><a href="https://x.com/Alphractal/status/1982180299661533604" target="_blank" rel="noopener nofollow"><span style="font-weight: 400;">On-chain data</span></a><span style="font-weight: 400;"> from Alphractal, a leading analytics platform, reveals that the number of large holders or </span><span style="font-weight: 400;">whales</span><span style="font-weight: 400;"> has been steadily increasing.</span></p>
<p><span style="font-weight: 400;">This steady accumulation since April is being observed among wallet addresses holding between 10,000 ETH and 100,000 ETH. According to the platform, these investors were the ones who accumulated the most during ETH’s last bull run. Alphractal shared this optimistic action by major investors after examining the Address Supply Bands chart.</span></p>
<p><span style="font-weight: 400;">It is worth noting that these </span><a href="https://www.newsbtc.com/altcoin/ethereum-whales-quietly-accumulate-as-stablecoin-usage-skyrockets-400/" target="_blank" rel="noopener nofollow"><span style="font-weight: 400;">large investors</span></a><span style="font-weight: 400;"> have had the strongest link with changes in Ethereum’s price in the past, as seen in 2017 and 2021. During these periods, ETH’s price experienced a surge after the supply of these investors went up. With the group loading up again, Alphractal believes that the result will not be different in 2025.</span></p>
<p><span style="font-weight: 400;">At the time of the report, over 31 million ETH is attached to the group, marking its highest level ever recorded. A buying pressure of this magnitude implies that these </span><span style="font-weight: 400;">major investors</span><span style="font-weight: 400;"> have a great deal of faith in ETH’s future and potential.</span></p>
<figure style="width: 2084px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-large" src="https://www.tradingview.com/x/iJ3tlnSx/" alt="Ethereum" width="2084" height="1552" title="Ethereum Whales Double Down On ETH As $5,000 Price Target Becomes More Likely | Bitcoinist.com 19"><figcaption class="wp-caption-text">ETH trading at $4,114 on the 1D chart | Source: ETHUSDT on <a href="https://www.tradingview.com/x/iJ3tlnSx/" target="_blank" rel="noopener nofollow">Tradingview.com</a></figcaption></figure>
<p>Featured image from Pxfuel, chart from Tradingview.com</p>
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		<title>Quantum stocks Rigetti Computing and D-Wave surged double digits this week. Here&#8217;s what&#8217;s driving the big move</title>
		<link>https://lsd.hu/quantum-stocks-rigetti-computing-and-d-wave-surged-double-digits-this-week-heres-whats-driving-the-big-move/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Fri, 03 Oct 2025 21:05:09 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/quantum-stocks-rigetti-computing-and-d-wave-surged-double-digits-this-week-heres-whats-driving-the-big-move/</guid>

					<description><![CDATA[Inside Google&#8217;s quantum computing lab in Santa Barbara, California. CNBC Quantum computing stocks are wrapping up a big week of double-digit gains. Shares of Rigetti Computing, D-Wave Quantum and Quantum Computing have surged more than 20%. Rigetti and D-Wave Quantum have more than doubled and tripled, respectively, since the start of the year. Arqit Quantum [&#8230;]]]></description>
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<p>Inside Google&#8217;s quantum computing lab in Santa Barbara, California.</p>
<p>CNBC</p>
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<p>Quantum computing stocks are wrapping up a big week of double-digit gains.</p>
<p>Shares of <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Rigetti Computing<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">D-Wave Quantum<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Quantum Computing<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> have surged more than 20%. Rigetti and D-Wave Quantum have more than doubled and tripled, respectively, since the start of the year. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">Arqit Quantum<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> skyrocketed more than 32% this week.</p>
<p>The jump in shares followed a wave of positive news in the quantum space.</p>
<p>Rigetti said it had purchase orders totaling $5.7 million for two of its 9-qubit <a href="https://investors.rigetti.com/news-releases/news-release-details/rigetti-announces-purchase-orders-two-quantum-computing-systems" target="_blank" rel="noopener">Novera quantum</a> computing systems. The owner of drugmaker <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">Novo Nordisk<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and the Danish government also <a href="https://novoholdings.dk/news/novo-holdings-acts-as-cornerstone-investor-in-55-north-the-world-s-largest-dedicated-quantum-fund" target="_blank" rel="noopener">invested 300 million euros</a> in a quantum venture fund.</p>
<p>In a blog post earlier this week, Nvidia also highlighted accelerated computing, which it argues can make &#8220;quantum computing breakthroughs of today and tomorrow possible.&#8221;</p>
<p>Investors have piled into quantum computing technology this year, as tech giants <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">Microsoft<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-9">Nvidia<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-10">Amazon<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> have embraced the technology with a wave of new chip announcements, multimillion-dollar<a href="https://nvidianews.nvidia.com/news/nvidia-to-build-accelerated-quantum-computing-research-center" target="_blank" rel="noopener"> investments and research plans</a>.</p>
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