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Ukraine’s President Volodymyr Zelensky said Wednesday that Ukrainian intelligence had identified 155 Chinese citizens fighting alongside Russian forces, a day after Ukraine said two Chinese nationals were captured in the country.

The Chinese nationals had been recruited through advertisements, including on social media, Zelensky said in a briefing Wednesday.

China has consistently denied any involvement in the war.

A spokesperson for China’s Ministry of Foreign Affairs said earlier Wednesday that any claims that Chinese citizens are fighting in Ukraine were “groundless.”

“It is important to emphasize that the Chinese government has always instructed its citizens to stay away from areas of armed conflict and avoid getting involved in the conflict in any form, especially avoiding participation in any party’s military operations,” spokesperson Lin Jian said in a press conference.

Most of the contracts in the document are dated “2024” and straddle different military units.

“We are collecting information and we believe that there are more, many more,” Zelensky said Wednesday, before claiming that Beijing was aware of Russians placing recruitment videos on Chinese social networks.

“These people arrive to the Russian Federation, to Moscow. Medical examinations last three to four days. Training centers are for one to two months. They fight on the territory of Ukraine,” he added.

Asked whether he thought the presence of Chinese nationals in Ukraine was a result of official Beijing policy, Zelensky said: “I don’t have an answer to this question yet. The Security Service of Ukraine will work on it … We are not saying that someone gave any command, we do not have such information.”

The allegations of Chinese nationals fighting alongside Russian forces follow claims by Ukraine that two Chinese nationals fighting in the Russian army have been taken prisoner in eastern Ukraine.

Zelensky said Tuesday that Ukrainian forces fighting in the Donetsk region obtained the Chinese nationals’ documents, bank cards and personal data.

The Ukrainian president on Wednesday added that Ukraine was “ready to exchange” the two individuals for Ukrainian prisoners of war.

The Kremlin spokesperson on Wednesday declined to comment on the claim that Chinese nationals were allegedly captured in Ukraine. Beijing said on Wednesday that it was “currently verifying” the situation with Ukraine.

Ukrainian military says Chinese national paid to join Russian army

One of the Chinese nationals captured fighting in eastern Ukraine had paid to join the Russian military through an intermediary in China, with the goal of becoming a Russian citizen, according to the Ukrainian military.

The Chinese detainee, who Ukrainian authorities said Tuesday was taken as a prisoner of war alongside a second Chinese national, was likely speaking under duress.

“According to the prisoner, he joined the Russian military through an intermediary in China, paying RUB 300,000 ($3,500) for the opportunity to enlist in the Russian Armed Forces,” the communications department of the Luhansk Operational Tactical Group said in a statement to Ukrainian media.

“He stated that his primary motivation was the desire to become a serviceman and obtain Russian Federation citizenship. He also mentioned that some group members had legal issues in China,” the statement to news outlet Ukrainska Pravda said.

“He reported that he had received training in the temporarily occupied territory of Luhansk Oblast as part of a group of Chinese nationals. The training covered basic military skills and was conducted without an interpreter, relying on gestures and a mobile translator for communication.”

The Ukrainian military tactical group said the man was taken prisoner when a Russian assault group chose to surrender under fire from Ukrainian soldiers.

“The individual is currently cooperating with Ukrainian investigative agencies, and his identity and citizenship have been confirmed. He noted that his family was aware of his intentions to go to Russia, although he officially travelled as a tourist,” the statement to Ukrainska Pravda said.

This post appeared first on cnn.com

Fox News Digital has learned that the U.S. Office of Personnel Management (OPM) will post an updated Privacy Impact Assessment (PIA) at the close of business Wednesday that paves the way for artificial intelligence to improve government efficiency and enhance the federal record-keeping process. 

This will be the first time the United States government has applied the use of artificial intelligence for federal employee record-keeping after President Donald Trump issued an executive order in January to ‘solidify [America’s] position as the global leader in AI and secure a brighter future for all Americans.’

A senior White House official spoke with Fox News Digital, outlining the implementation process, detailing that the Federal Risk and Authorization Management Program (FedRAMP)-approved AI system will be used to drastically speed up the retirement process for the roughly 2.3 million federal employees and improve the accuracy of what is now mostly paper-based record keeping.

While the AI system will not be immediately operational, updating the PIA is the first step in opening the door to a full-scale roll-out. The senior White House official explained that the artificial intelligence program has already been tested to 100% accuracy in a simulated environment, but that no testing on actual data can be completed without the updated PIA.

Part of the inspiration for using AI to improve federal record keeping comes from Elon Musk’s DOGE keying in on a decommissioned, underground mine in Boyers, Pennsylvania. The mine, which is home to more than 400,000,000 personal records for federal employees, is heavily reliant on an ineffective paper-based system. 

Though federal employee records are now filed through OPM’s electronic Official Personnel Folder (eOPF), there is also a duplicate paper record printed as a PDF that is stored at the Pennsylvania mine.

Operating under the current system, processing the retirement of a federal employee can take weeks or months, per file, and there is still room for human error.

With the implementation of artificial intelligence, the senior White House official told Fox it could take less than one second to finalize a federal employee’s retirement.

While there is no intention to digitize or remove the hundreds of millions of files that exist in the mine, the AI system would ensure that no new paper files would be added to the already overwhelming number of physical copies that exist. 

Outdated filing systems have placed a burden on the efficiency of federal record keeping, as many of the files are old, illegible PDFs that can take several employees days or weeks to review, and the results have a higher chance of being inaccurate.

‘Antiquated, inefficient, and slow are words synonymous with government, all of which ended the day President Trump took office,’ Harrison Fields, Principal White House Deputy Press Secretary, told Fox News Digital, ‘Today’s action follows the president’s historic AI Executive Order and will usher in historic efficiency at the Office of Personnel Management, streamlining the organization tasked with serving as the human resources agency and personnel policy manager for the Federal Government.’

The White House also issued an AI-focused concentrated fact sheet Tuesday, establishing federal ‘Agency Chief AI Officer roles’ who ‘are tasked with promoting agency-wide AI innovation and the adoption of lower-risk AI, mitigating risks for higher-impact AI, and advising on agency AI investments and spending.’

The senior White House official clarified to Fox News Digital that despite the AI implementation, federal employees will still be able to self-review and assess personal records at their discretion.

Preston Mizell is a writer with Fox News Digital covering breaking news. Story tips can be sent to Preston.Mizell@fox.com and on X @MizellPreston

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Supreme Court Chief Justice John Roberts on Wednesday agreed to temporarily halt the reinstatement of two fired federal board members, delivering another near-term win to President Donald Trump as his administration continues to spar in federal courts over the extent of his executive branch powers.

The brief stay issued by Roberts is not a final ruling on the reinstatement of the two board members, National Labor Relations Board (NLRB) member Gwynne Wilcox and Merit Systems Protection Board (MSPB) member Cathy Harris, two Democrat appointees who were abruptly terminated by the Trump administration this year. 

Both had challenged their terminations as ‘unlawful’ in separate suits filed in D.C. federal court.

But the order from Roberts temporarily halts their reinstatement from taking force two days after a federal appeals court voted to reinstate them.

Judges for the U.S. Court of Appeals for the District of Columbia Circuit voted 7-4 on Monday to restore Wilcox and Harris to their respective boards, citing Supreme Court precedent in Humphrey’s Executor and Wiener v. United States to back their decision. 

They noted that the Supreme Court had never overturned or reversed the decades-old precedent regarding removal restrictions for government officials of ‘multimember adjudicatory boards,’ including the NLRB and MSPB. 

‘The Supreme Court has repeatedly told the courts of appeals to follow extant Supreme Court precedent unless and until that Court itself changes it or overturns it,’ judges noted in their opinion.

Monday’s ruling from the full panel was expected to spark intense backlash from the Trump administration, which has lobbed accusations at ‘activist judges’ who have slowed or halted some of Trump’s executive orders and actions.

The Trump administration appealed the ruling to the Supreme Court almost immediately.

The lower court’s decision was the latest in a dizzying flurry of court developments that had upheld, then blocked and upheld again the firings of the two employees, and it came after D.C.-based federal judges issued orders blocking their terminations. 

‘A President who touts an image of himself as a ‘king’ or a ‘dictator,’ perhaps as his vision of effective leadership, fundamentally misapprehends the role under Article II of the U.S. Constitution,’ U.S. District Judge Beryl Howell, who oversaw Wilcox’s case, wrote in her opinion. 

Likewise, U.S. District Judge Rudolph Contreras, who was presiding over Harris’ case, wrote that if the president were to ‘displace independent agency heads from their positions for the length of litigation such as this, those officials’ independence would shatter.’

Both opinions cited a 1935 Supreme Court precedent, Humphrey’s Executor v. United States, which notably narrowed the president’s constitutional power to remove agents of the executive branch, to support Wilcox’s and Harris’ reinstatements. 

In February, Trump’s Justice Department penned a letter to Sen. Dick Durbin, D-Ill., stating that it was seeking to overturn the landmark case. 

‘To the extent that Humphrey’s Executor requires otherwise, the Department intends to urge the Supreme Court to overrule that decision, which prevents the President from adequately supervising principal officers in the Executive Branch who execute the laws on the President’s behalf, and which has already been severely eroded by recent Supreme Court decisions,’ acting Solicitor General Sarah Harris wrote in the letter.

The Trump administration appealed the orders to the D.C. Circuit Court of Appeals, where a three-judge panel ruled 2-1 in favor of the Trump administration, allowing the firings to proceed. 

Wilcox and Harris, who had their cases consolidated, filed a motion for an en banc hearing, requesting the appeals court hear the case again with the entire bench present. 

In a ruling issued April 7, the D.C. Circuit voted to block the terminations, reversing the previous appellate holding. 

The judges voted 7-4 to restore Wilcox and Harris to their posts.

Harris and Wilcox’s cases are among several legal challenges attempting to clearly define the executive’s power. 

Hampton Dellinger, a Biden appointee previously tapped to head the Office of Special Counsel, sued the Trump administration over his termination. Dellinger filed suit in D.C. district court after his Feb. 7 firing.

He had maintained the argument that, by law, he could only be dismissed from his position for job performance problems, which were not cited in an email dismissing him from his post.

Dellinger dropped his suit against the administration after the D.C. appellate court issued an unsigned order siding with the Trump administration.

Fox News Digital’s Breanne Deppisch contributed to this report.

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Speaker Mike Johnson, R-La., is delaying a key vote on legislation aimed at advancing President Donald Trump’s agenda in the face of a likely rebellion on Wednesday evening.

It comes as fiscal hawks in the lower chamber have raised alarms at the Senate’s version of the plan, which guarantees far fewer spending cuts than the House’s initial offering.

Johnson told reporters he would aim to hold the vote Thursday, the last scheduled day in session for House lawmakers before a two-week recess. He added, however, that lawmakers could be kept in session next week if needed to pass the legislation.

‘I don’t think we’ll have a vote on this tonight, but probably in the morning,’ the speaker said. ‘We want everybody to have a high degree of comfort about what is happening here, and we have a small subset of members who weren’t totally satisfied with the product as it stands. So we’re going to we’re going to talk about maybe going to conference with the Senate or add an amendment, but we’re going to make that decision.’

He also said there were multiple ways the House could move forward and Republicans would look at each one. Johnson said, ‘Everything is moving along just fine. We have a little bit of room here to work, and we’re going to use that.’

The House floor was paralyzed for over an hour during an earlier unrelated vote as Johnson met with Republican holdouts behind closed doors.

Two sources in the room said the holdouts did not speak with Trump, though it’s not clear if he called people individually.

Outside that room, in the cavernous House chamber, lawmakers began filtering out or impatiently pacing as time went by with little information.

Democrats, meanwhile, began calling for Republican leaders to close the lingering vote.

Tensions were high for those GOP lawmakers who remained on the House floor, Fox News Digital was told – and much of that frustration is aimed at Johnson.

‘I think he’s quickly losing faith from the rest of us. I mean, he kept the entire conference out on the floor for 80 minutes while you play grab-a– with these people,’ one House Republican fumed. ‘And all day it was like, ‘Oh, we’re going to get this done.”

That House Republican said, ‘All the chatter we were hearing was [holdouts were] down to single digits. But 17, 20 people were in that room. So clearly there was a much bigger problem than they were letting on all day.’

The gap between the House and Senate versions is significant; the House version that passed in late February calls for at least $1.5 trillion in spending cuts, while the Senate’s plan mandates at least $4 billion.

Some conservatives are also wary of congressional leaders looking to use the current policy baseline to factor the total amount of dollars the bill will add to the federal deficit. The current policy baseline allows lawmakers to essentially zero out the cost of extending Trump’s 2017 Tax Cuts and Jobs Act (TCJA) because they are already in effect.

‘We’ve got to have something more substantive out of the Senate. If you were going to sell your house, and I offered you a third of the price, you would laugh,’ Rep. Andy Ogles, R-Tenn., one of the earliest holdouts, told reporters on Wednesday.

Trump has directed Republicans to work on ‘one big, beautiful bill’ to advance his agenda on border security, defense, energy and taxes.

Such a measure is largely only possible via the budget reconciliation process. Traditionally used when one party controls all three branches of government, reconciliation lowers the Senate’s threshold for passage of certain fiscal measures from 60 votes to 51. As a result, it has been used to pass broad policy changes in one or two massive pieces of legislation.

The first step traditionally involves both chambers of Congress passing an identical ‘framework’ with instructions for relevant committees to hash out policy priorities in line with the spending levels in the initial legislation.

The House passed its own version of the reconciliation framework earlier this year, while the Senate passed an amended version last week. House GOP leaders now believe that voting on the Senate’s plan will allow Republicans to enter the next step of crafting policy.

‘Why does President Trump call it one big, beautiful bill? Because it does a lot of critically important things, all in one bill, that help get this country back on a strong footing. And what else it does is it produces incredibly needed savings,’ House Majority Leader Steve Scalise, R-La., said during debate on the bill.

The legislation as laid out would add more money for border security, including Immigration and Customs Enforcement (ICE), as well as some new funding for defense. 

Republicans are also looking to repeal significant portions of former President Joe Biden’s green energy policies, and institute new Trump policies like eliminating taxes on tipped and overtime wages.

But House conservatives had demanded added assurances from the Senate to show they are serious about cutting spending.

The House and Senate must pass identical versions of the final bill before it can get to Trump’s desk to be signed into law.

They must do so before the end of this year, when Trump’s TCJA tax cuts expire – potentially raising taxes on millions of Americans.

Trump himself worked to persuade holdouts both in a smaller-scale White House meeting on Tuesday and in public remarks at the National Republican Congressional Committee.

He also fired off multiple Truth Social posts pushing House Republicans to support the measure, even as conservatives argued it would not go far enough in fulfilling his own agenda.

‘Republicans, it is more important now, than ever, that we pass THE ONE, BIG, BEAUTIFUL BILL. The USA will Soar like never before!!!’ one of the posts read.

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President Donald Trump told reporters that if Iran does not give up its nuclear weapons program, military action led by Israel is a real possibility, adding he has a deadline in mind for when the two countries must come to an agreement.

The U.S. and Iran are expected to hold negotiations Saturday in Oman as the Trump administration continues to try to rein in the country’s nuclear program, threatening ‘great danger’ if the two sides fail to come to an agreement. 

Trump told reporters from the Oval Office Wednesday he did have a deadline in mind for when the talks must culminate in an agreed-upon solution, but the president did not go into details about the nature of the timeline.

‘We have a little time, but we don’t have much time, because we’re not going to let them have a nuclear weapon. We can’t let them have a nuclear weapon.’ Trump said when pressed on details about his potential timeline. ‘I’m not asking for much. I just — I don’t — they can’t have a nuclear weapon.’

When asked about the potential for military action if Iran does not make a deal on their nuclear weapons, Trump said ‘Absolutely.’ 

‘If it requires military, we’re going to have military,’ the president told reporters. ‘Israel will obviously be very much involved in that. They’ll be the leader of that. But nobody leads us. We do what we want to do.’

Israeli Prime Minister Benjamin Netanyahu has expressed support for Iran’s complete denuclearization. During a visit to the White House, he expressed support for a deal similar to the one Libya sealed with the international community in 2003. The country gave up its entire nuclear arsenal.

‘Whatever happens, we have to make sure that Iran does not have nuclear weapons,’ Netanyahu said during the meeting.

The talks with Iran scheduled for Saturday in Oman have been characterized as ‘direct’ talks by Trump, but Iran’s foreign leaders have disputed that assertion, describing the talks as ‘indirect.’ Iran’s leaders have said if the talks go well Saturday, they would be open to further direct negotiations with the U.S. 

This post appeared first on FOX NEWS

The House of Representatives passed a bill Wednesday to limit federal district judges’ ability to affect Trump administration policies on a national scale.

The No Rogue Rulings Act, led by Rep. Darrell Issa, R-Calif., passed the House and limits district courts’ power to issue U.S.-wide injunctions, instead forcing them to focus their scope on the parties directly affected in most cases.

All but one Republican lawmaker voted for the bill, which passed 219 to 213. No Democrats voted in favor.

The Trump administration has faced more than 15 nationwide injunctions since the Republican commander-in-chief took office, targeting a wide range of President Donald Trump’s policies, from birthright citizenship reform to anti-diversity, equity and inclusion (DEI) efforts.

Issa himself was confident the bill would pass, telling Fox News Digital on Tuesday morning, ‘We’ve got the votes.’

He was less certain of the bill getting Democratic support, though he noted former Biden administration solicitor general Elizabeth Prelogar made her own complaints about district judges’ powers during the previous White House term.

‘We’re hoping some people look at it on its merits rather than its politics,’ Issa said.

Rep. Derek Schmidt, R-Kan., who has an amendment on the bill aimed at limiting plaintiffs’ ability to ‘judge shop’ cases to favorable districts, told Fox News Digital before the vote, ‘A lot of things get called commonsense around here, but this one genuinely is.’

‘The basic policy of trying to rein in the overuse of nationwide injunctions was supported by Democrats before. It’s supported by Republicans now, and I’m hoping [this vote will] be supported by both,’ he said.

Rep. Lance Gooden, R-Texas, who, like Schmidt and Issa, is a House Judiciary Committee member, told Fox News Digital after the bill’s passage, ‘Many Democrat-appointed lower court judges have conducted themselves like activist liberal lawyers in robes while attempting to stop President Trump’s nationwide reforms. The No Rogue Rulings Act limits this unchecked power.’

Another GOP lawmaker, Rep. Randy Feenstra, R-Iowa, told Fox News Digital, ‘More than 77 million Americans voted for [Trump’s] pro-American policies and want to see them implemented quickly. There is no reason that activist judges whose authority does not extend nationally should be allowed to completely stop [his] agenda.’

Republicans’ unity on the issue comes despite some early divisions over how to hit back at what they have called ‘rogue’ and ‘activist’ judges.

Rep. Marlin Stutzman, R-Ind., who supported impeachment and Issa’s bill, told Fox News Digital, ‘The judicial vendetta against President Trump’s agenda needs to be checked. Nationwide injunctions by activists judges have stood in the way of the American people’s will and in come cases their safety, since the President was sworn into office.’

Stutzman said Issa’s bill ‘will stop individual judge’s political beliefs from preventing the wants and needs of our citizens from being implemented.’

A group of conservatives had pushed to impeach specific judges who have blocked Trump’s agenda, but House GOP leaders quickly quashed the effort in favor of what they see as a more effective route to take on the issue.

Despite its success in the House, however, the legislation does face uncertain odds in the Senate, where it needs at least several Democrats to hit the chamber’s 60-vote threshold.

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The first quarter of 2025 was dynamic and often volatile for the tech sector. Initial optimism, fueled by investor enthusiasm after a strong 2024, quickly gave way to economic headwinds and market anxieties.

Concerns over monetary policy, global trade tensions and individual company performances led to variations in tech stock valuations, with the Magnificent Seven ultimately experiencing losses by March.

However, Q1 also brought groundbreaking developments in artificial intelligence (AI), intense competition in the semiconductor industry and new developments in AI agents and robotics.

How did tech stocks perform in Q1?

The performance of major tech companies was influenced by a confluence of events and trends in Q1.

The sector began the year in positive territory, reflecting optimism from investors who saw US President Donald Trump’s November victory as a boon for business. However, this upward trend proved short-lived.

Economic headwinds, most notably cautious monetary policy and investor anxieties about global trade disruption, triggered a market downturn that resulted in periods of tech stock selloffs.

The tech market did demonstrate some signs of recovery in the final week of the quarter.

AI results impact major tech players

Outside overall market impacts, tech companies experienced their own fluctuations in Q1.

Intel (NASDAQ:INTC) was boosted by acquisition rumors and a stronger-than-expected Q4 performance, after starting the year down nearly 60 percent from January 2024. Leadership changes mid-March and reports of a restructuring to its chip-manufacturing business further improved the firm’s share price performance.

More broadly, the market’s response to earnings reports highlighted the significant impact of cloud computing, AI investment strategies and future guidance for Big Tech companies.

Amazon (NASDAQ:AMZN), for example, fell after its results revealed weakness in its cloud computing unit despite revenue that exceeded estimates. Similarly, Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) saw their share prices decline after capacity restraints were cited as a limitation for both companies.

In contrast, Meta Platforms (NASDAQ:META) surged after it announced substantial AI investments and released results that exceeded expectations. Meanwhile, concerns about Apple’s (NASDAQ:AAPL) AI strategy and sales in Asia led to turbulence in its trading patterns throughout the quarter. Even NVIDIA’s (NASDAQ:NVDA) share price initially dipped following strong earnings, driven by market concerns about competition and geopolitical tensions.

Emergent player CoreWeave’s (NASDAQ:CRWV) journey to its initial public offering demonstrated the volatile and challenging nature of going public in the rapidly evolving AI sector. After its initial announcement revealed a 700 percent increase in 2024 revenue, the company made major moves leading up to its debut, acquiring Weights & Biases for US$1.7 billion before securing a five year, US$11.9 billion cloud services contract with OpenAI.

However, CoreWeave’s March 28 IPO coincided with a hotter-than-expected inflation reading, and the company raised roughly US$1 billion less than its target, with both the number of shares and share price lower than expected.

China’s DeepSeek makes AI market waves

Beyond individual company performances, the quarter was marked by key developments in AI.

The release of China’s open-source AI model, DeepSeek-R-1, created a significant market disruption when it was reported to perform comparably to models from OpenAI and Anthropic at a significantly lower training cost: US$5.6 million compared to the US$500 million OpenAI reportedly spent to train o1.

The market’s reaction resulted in a 17 percent loss to NVIDIA’s market cap, the largest single-day loss for any company on Wall Street. The Philadelphia Semiconductor Index (INDEXNASDAQ:SOX) lost 9.2 percent.

OpenAI’s Sam Altman expressed curiosity and excitement about the competitor, while others saw it as a development that could increase return on investment for companies using AI and drive further innovation.

“We still don’t know the details and nothing has been 100 percent confirmed … but if there truly has been a breakthrough in the cost to train models from US$100 million+ to this alleged US$6 million number this is actually very positive for productivity and AI end users,” said Jon Withaar, senior portfolio manager at Pictet Asset Management.

Since its release, DeepSeek has been noted to have potential issues with accuracy and security.

Other companies making strides in AI training speed this past quarter include Foxconn Technology (TPE:2354), which reportedly trained its large language model (LLM), FoxBrain, in four weeks.

Celestial AI secured funding to advance photonics technology for more efficient AI computing, and Cohere introduced Command A, an LLM focused on business needs and optimized for efficient inference.

Pluralis Research received funding for its work on decentralized AI systems and “protocol learning,” a method designed to enable collaborative and distributed AI model training.

NVIDIA’s chip-making competitors

Competition within the chip industry heated up in the first quarter as AI spending enthusiasm shifted to other semiconductor companies and custom chip development advanced.

Barclay’s (NYSE:BCS,LSE:BARC) analyst Thomas O’Malley reaffirmed his ‘buy’ rating for NVIDIA on January 20 and raised his price target to US$175, but warned that NVIDIA’s customers are looking for alternatives to its GPUs.

He identified Marvel Technology (NASDAQ:MRVL) and Broadcom (NASDAQ:AVGO) as NVIDIA’s biggest contenders, adjusting their price targets to US$150 and US$260, respectively.

For its part, Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) has continued to experience strong demand for its chip-making services. Its quarterly profits for Q4 2024 reached a record, and the company is anticipating strong revenue growth moving forward. The firm has planned significant investments in technology and capacity, including US$100 billion for new facilities to boost US chip production.

ASML Holding (NASDAQ:ASML), the sole producer of the EUV lithography machines crucial for advanced AI chips, also exceeded Q4 earnings expectations, resulting in a positive effect on its share price.

AI agents and other emerging tech

Looking ahead, the market for AI agents — autonomous entities that can take actions to achieve specific goals — is poised for expansion. At its annual GPU Technology Conference, held from March 17 to 21, NVIDIA’s CEO emphasized a shift from generative AI to physical AI, describing AI agents as a “multi-trillion dollar opportunity.’

Strategic acquisitions, such as ServiceNow’s intention to buy Moveworks, underscore the growing importance of agentic AI in enterprise solutions. Amazon Web Services is developing a team focused on developing agentic AI, betting on increased client spending for automation. Meta is gearing up to test AI agents for small businesses, and OpenAI is developing premium agent offerings for business and academic pursuits.

While these advancements are exciting, challenges remain, with Gartner predicting a sharp rise in AI agent-related security breaches by 2028. To address reliability, Microsoft is developing ‘deep reasoning agents.’

The first quarter of 2025 also signaled a major acceleration in robotics development, with Google’s new Gemini Robotics models and partnership with Apptronik indicating AI and robotic integration. The US$2 billion valuation for Kyle Vogt’s the Bot Company suggests the robotics sector is poised for growth and market expansion.

Advances like Eliza Wakes Up’s humanoid and Figure AI’s in-house development signal the potential for near-term commercial availability. Funding activity, with Field AI seeking a US$2 billion valuation and Aescape securing US$83 million in strategic funding, demonstrates investor confidence in the potential of robotics.

AI data centers signal growth

The massive investments in data centers announced in Q1 foreshadow an expansion of AI infrastructure.

The Trump administration has partnered with executives from Oracle (NYSE:ORCL), OpenAI and SoftBank (TSE:9984) for a four year, US$500 billion AI infrastructure project dubbed Stargate. MGX, an Abu Dhabi-based technology investment firm focused on AI, is another equity partner in the Stargate project.

Separately, MGX is a founding partner in the AI Infrastructure Partnership, a group that includes BlackRock (NYSE:BLK), Global Infrastructure Partners and Microsoft. It is reportedly aiming to invest up to US$100 billion in US and OECD AI infrastructure. NVIDIA and xAI joined the consortium in the first quarter.

This large-scale infrastructure development is mirrored by substantial investment and product development plans from individual tech giants. Apple, Amazon, Microsoft and Meta have all revealed plans for significant AI-related investments in the coming months that include data center builds and product releases, while NVIDIA has committed to spending ‘hundreds of billions of dollars in the US,’ emphasizing TSMC’s manufacturing role in supply chain resilience.

OpenAI is also reportedly finalizing the design for its first in-house AI chip, with a long-term goal of mass production at TSMC by 2026; it is also in talks to build its first data center for storage in Texas near the Stargate data center.

These developments point to a future where data centers become the battleground for AI dominance, with significant implications for energy consumption, hardware demand and technological advancement.

Investor takeaway

Wrapping up the quarter, Nick Mersch, portfolio manager at Purpose Investments, hosted an ‘ask me anything’ session on Reddit (NASDAQ:RDDT) to share insights on what investors should consider when evaluating tech stocks.

“The number one predictor of stocks over time is their earnings power. Invest in companies that are growing earnings more than the overall market and you will win. This is easy in theory but difficult in practice. You need to look at secular trends in order to skate to where the puck is going. It is much easier to pick a winner in a sector that has strong overall growth than picking through the rubble of a beaten-down industry,’ said Mersch.

“However, you do also have to recognize that sometimes, this is cyclical. That’s why I like to pick companies that are what I call ‘compounders.’ These are companies that are growing both top line (revenue) and bottom line (earnings) at a solid rate and are reinvesting in new growth avenues. At the end of the day, you need cash flow generative companies.’

Mersch added, “Look for three things — earnings, earnings, and earnings.”

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Gold may be grabbing headlines with record-breaking highs in 2025, but silver is quietly making its own impressive climb, rising 17 percent since the start of the year.

Long supported by industrial demand, the silver market is also benefiting from its reputation as a safe-haven asset. However, mounting economic uncertainty has rattled investors in recent months.

While there are many driving forces behind this uncertainty, the ongoing tariff threats from US President Donald Trump and his administration have spooked equity markets worldwide.

What happened to the silver price in Q1?

After reaching a year-to-date high of US$34.72 per ounce in October 2024, the price of silver spent the rest of the year in decline, bottoming out at US$28.94 on December 30.

A momentum shift at the start of the year caused it to rise. Opening at US$29.53 on January 2, silver quickly broke through the US$30 barrier on January 7, eventually reaching US$31.28 by January 31.

Silver price, January 2 to April 4, 2025

Chart via Trading Economics.

Silver’s gains continued through much of February, with the white metal climbing to US$32.94 on February 20 before retreating to US$31.13 on February 28. Silver rose again in March, surpassing the US$32 mark on March 5 and closing above US$32 on March 12. It peaked at its quarterly high of US$34.43 on March 27.

Heading into April, silver slumped back to US$33.67 on the first day of the month; it then declined sharply to below US$30 following Trump’s tariff announcements on April 2.

Tariff fears lift silver, but industrial demand uncertainty looms

Precious metals, including silver, have benefited from the volatility created by the Trump administration’s constant tariff threats since the beginning of the year. These threats have caused chaos throughout global equity and financial markets, prompting more investors to seek safe-haven assets to stabilize their portfolios.

“We don’t really have any indication yet that industrial demand has weakened. There is, of course, a lot of concern regarding industrial demand, as tariffs could cause demand destruction as costs go up,” he said.

Krauth noted that for solar panels there is an argument that tariffs could positively affect industrial demand if countries have a greater desire for self-sufficiency and reduced reliance on energy imports.

He referenced research by Heraeus Precious Metals about a possible slowdown in demand from China, which accounts for 80 percent of solar panel capacity. However, any slowdown would coincide with a transition from older PERC technology to newer TOPCon cells, which require significantly more silver inputs.

“This, along with the gradual replacement of older PERC solar panels with TOPCon panels, should support silver demand at or near recent levels,” Krauth said.

Recession could provide headwinds

Another potential headwind for silver is the looming prospect of a recession in the US.

At the beginning of 2024, analysts had largely reached a consensus that some form of recession was inevitable.

While real GDP in the US rose 2.8 percent year-on-year for 2024, data from the Federal Reserve Bank of Atlanta’s GDPNow tool shows a projected -2.8 percent growth rate for the first quarter.

The Bureau of Economic Analysis won’t release official real GDP figures until April 30, but the Atlanta Fed’s numbers suggest a troubling fall in GDP that could signal an impending recession.

“When the economy slows down, demand for manufactured goods, including silver, decreases, which means that buying in the next six months is unlikely to be a wise decision,” she said.

Solar panels account for significant demand, with considerable amounts also used in electric vehicles. Tariffs on US vehicle imports and a possible recession could create added pressure for silver.

“Another important factor is silver’s connection to the electric vehicle market. Previously, this sector supported demand for the metal, but now its growth has slowed down. In Europe and China, interest in electric cars is no longer so active, and against the background of economic problems, sales may even decline,” Khandoshko said.

Silver demand from solar panel production stands at 232 million ounces annually, with an additional 80 million ounces used by the electric vehicle sector. A recession could lead consumers to postpone major purchases, such as home improvements or new vehicles, particularly if coupled with the extra costs of tariffs.

Although the impact of tariffs on the economy — and ultimately demand for silver — remains uncertain, the Silver Institute’s latest news release on March 3 indicates a fifth consecutive annual supply deficit.

Silver price outlook for 2025

“I think silver will hold up well and rise on balance over the rest of this year,” Krauth said.

He also noted that, like gold, there have been shipments of physical silver out of vaults in the UK to New York as market participants try to avoid any direct tariffs that may be coming.

Khandoshko suggested silver’s outlook is more closely tied to consumer sentiment. “The situation may also change when the news stops discussing the high probability of a recession in the US,” she remarked.

With Trump announcing a sweeping 10 percent global tariff along with dozens of specific reciprocal tariffs on April 2, there appears to be more instability and uncertainty ahead for the world’s financial systems.

This uncertainty has spread to precious metals, with silver trading lower on April 3 and retreating back toward the US$31 mark. Investors might be taking profits, but it could also be a broader pullback as they determine how to respond in a more aggressively tariffed world. In either scenario, the market may be nearing opportunities.

“There is some risk that we could see a near-term correction in the silver price. I don’t see silver as currently overbought, but gold does appear to be. I think we could get a correction in the gold price, which would likely pull silver lower. I could see silver retreating to the US$29 to US$30 level. That would be an excellent entry point. In that scenario, I’d be a buyer of both the physical metal and the silver miners,” Krauth said.

With increased industrial demand and its traditional safe-haven status, silver may present a more ideological challenge for investors in 2025 as competing forces exert their influence. Ultimately, supply and demand will likely be what drives investors to pursue opportunities more than its safe-haven appeal.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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