Zelensky says war will come to a ‘faster’ end under Trump’s leadership


Ukrainian President Volodymyr Zelensky said the war with Russia will come to an end “faster” under President-elect Donald Trump’s administration. Zelensky acknowledged the tough circumstances his military is in during an interview with Ukrainian media outlet Suspilne, which was published Saturday, but emphasized that the conflict has to end “next year through diplomatic means,” The Hill reported. German Chancellor Olaf Scholz reportedly told Russian President Vladimir Putin to end the war with Ukraine during a Friday phone call.

Although Trump has suggested he will not continue to indefinitely fund Ukraine’s war effort, Zelensky is apparently optimistic that Trump will work to broker a peace deal and the war “will end faster with the policy of this team that will now lead the White House,” he said in reference to the the new Republican administration that will begin with Trump’s inauguration on Jan. 20, 2025. Trump has also said that he would end the war once he takes office.

Trump has often said that he does not believe Russia would have invaded Ukraine if he had been president and he has promised to end the war in one day when he resumes his presidency. Trump has discussed a peace plan that would not consider Ukraine for membership in NATO for at least 20 years. Russia invaded Ukraine in February 2022.

“This is their approach, their promise to their society, and it is also very important to them,” Zelensky said in the interview about the Trump team. The Russian military continues to occupy large sectors of Eastern Ukraine and is ready to expel Ukrainian forces from the Kursk region, where Zelensky enjoyed some mild success last summer.

“There is a slow but steady pressure and advance of the Russians,” Zelensky said, admitting that he cannot win a war of attrition with Russia in either personnel or materiel. The Ukrainian leader also suggested that the Russians have incurred serious losses of solders and equipment in the past few weeks.

Zelensky said he spoke to Trump to congratulate him following his stunning victory on Nov. 5 and that he also chatted with Elon Musk, the billionaire entrepreneur who Trump has nominated, along with businessman Vivek Ramaswamy, to head his new Department of Government Efficiency. Trump’s victory and fears that he will pull the plug on US aid to Ukraine, prompted the Biden-Harris administration to attempt to expedite the delivery of another $6 billion in assistance to Ukraine before Trump takes office. On Sunday it also reportedly agreed that Ukraine could use US long-range missiles to fire at targets inside Russia.

“This is the kind of America that Europe needs. And a strong Europe is what America needs, to my mind,” the Ukrainian leader said earlier this month. “This is the connection between allies that must be valued and cannot be lost.”

This Story originally came from humanevents.com

 


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Nvidia Blackwell Racks Reportedly Face “Overheating Problems,” Signaling Major Concern From Big Customers

Nvidia Blackwell Racks Reportedly Face “Overheating Problems,” Signaling Major Concern From Big Customers

Ahead of Nvidia’s earnings report on Wednesday after the bell, a new report from The Information reveals that the world’s most valuable company has requested suppliers to redesign the racks for new Blackwell graphics cards to address overheating issues. 

According to the report…

In recent months, Nvidia has asked its suppliers to change the design of the racks several times as it has tried to overcome the overheating problems, according to Nvidia employees who have been working on the issue, as well as several customers and suppliers with knowledge of it. Word of the repeated design changes has sparked anxiety among customers about a potential delay in when they will be able to use the racks.

In August, Bloomberg reported that Nvidia’s highly anticipated Blackwell series of AI chips encounteredengineering snags,” which signifies the mounting challenges of meeting customer demand for its AI GPUs. 

Here’s more from The Information: 

Now, though, some big customers are concerned. While Nvidia often changes its server designs before launch, changes to the Blackwell racks have come late in the production process, according to several customers and suppliers. However, Nvidia may still be able to deliver the racks to customers by the end of the first half next year, in line with its original schedule, and it hasn’t notified customers of a delay.

Meta Platforms, Elon Musk’s xAI, and Microsoft are some of Nvidia’s largest customers. Next year (likely in the second half), Nvidia will deliver new Blackwell racks to server farms.

The Information’s report comes ahead of a major earnings catalyst for the world’s most valuable company on Wednesday after the bell. 

Goldman’s Toshiya Hari recently published a note on Nvidia, indicating “GS Research is bullish here…” 

  • GS Research is bullish here as Toshi models $34.3bn (+14% qoq, +90% yoy) in revenue, 75.4% in non-GAAP gross margin (excl. SBC) and $0.79 in non-GAAP EPS (excl. SBC) – all above cons. The magnitude of Nvidia’s revenue beats have narrowed over the last few quarters, but could expand again in CY2025 driven by Blackwell. Though Toshiya expects FY1Q to be the true ‘break out’ quarter in which the ramp of Blackwell coupled with improved supply-side conditions drives meaningful positive EPS revisions, he expects FY3Q guidance and management commentary on the earnings call to support his constructive thesis. Four of Nvidia’s largest customers (GOOGL, META, MSFT and AMZN) reported earnings with GOOGL, MSFT and AMZN explicitly stating or implying that supply, not demand, remains a constraining factor.

  • Investor sentiment skews positive into results on Nov 20th (desk thinks sentiment = 9 out of 10, up from last qtr) with investors focused on the upcoming Blackwell product ramp as well as broader commentary around visibility and ROIs / use-cases for GenAI (think: Agents / Assistants, robotaxis, etc). Into CY25, key debates on the stock are around linearity of spending as LLMs continue to scale, customer diversification (think: Enterprise, Sovereigns) and margins (GMs/mix + Opex/R&D). Hedge funds have net bought AI stocks since October, and investors for the most part plan to maintain long positions.

In recent sessions, some of Nvidia’s most active options have been calls linked to shares soaring to $155 and $162.50 after earnings. Nvidia shares closed Friday at $141.98. Shares are up 187% on the year. About 1% of the float is short.

Shares are about 2% lower in premarket trading.

Meanwhile, insiders have been dumping shares…

All eyes will be on Nvidia ER on Wednesday. 

Tyler Durden
Mon, 11/18/2024 – 07:20

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