What happened
Nvidia reported Q3 adjusted earnings of $1.30 per share on $57 billion revenue, a 62% year-on-year increase, exceeding forecasts. The company projects Q4 revenue of $65 billion, with its AI Blackwell platform sales strong and cloud GPUs fully allocated. The Dutch government suspended its intervention in Nexperia following discussions with China, reversing prior concerns over European economic security. Nasdaq and the Singapore Exchange (SGX) announced a Global Listing Board, effective mid-2026, to simplify dual listings for companies with market capitalisation exceeding S$2 billion (US$1.5 billion) via a single set of offering documents.
Why it matters
High demand and limited availability of Nvidia's AI cloud GPUs introduce a significant operational constraint for cloud infrastructure and AI development teams, increasing dependency on vendor allocation. The Dutch government's suspended intervention in Nexperia indicates a reduced national control mechanism over strategic assets, increasing exposure for national security and economic policy teams to geopolitical influence on critical supply chains. The Nasdaq/SGX Global Listing Board, by allowing a single set of offering documents, reduces independent regulatory oversight for compliance and legal teams managing dual-listed entities, potentially creating an accountability gap in financial disclosures.
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