NVIDIA Shatters AI Bubble Fears - Record Quarterly Revenue Ignites Global Market Rally

NVIDIA just delivered a knockout blow to AI skeptics.

The chipmaker's latest earnings report smashed all expectations, posting record-breaking quarterly revenue that sent shockwaves through global markets. Forget the bubble talk - these numbers speak for themselves.

Market Domination Confirmed

While traditional finance types were busy predicting the AI collapse, NVIDIA was busy printing money. Their quarterly performance didn't just beat estimates - it demolished them, proving that real technological innovation trumps spreadsheet predictions every time.

Global Rally Triggered

The news sparked an immediate market-wide rally, with tech stocks leading the charge. Turns out when a company actually delivers on its promises, investors tend to notice - even the ones who still think blockchain is just for buying drugs.

Another quarter, another reminder that while Wall Street analysts debate valuations, builders are busy creating actual value. Maybe the real bubble was the friends we made along the way - and their outdated investment theses.

Bulgaria moves to remove Lukoil from economy

Bulgaria’s Lukoil has long said it was being pushed to sell its refinery and its 220 gasoline stations, but nothing changed until Trump’s decision forced the government to act.

Ruslan Stefanov, chief economist at the Center for the Study of Democracy in Sofia, said, “The Core of Russia’s influence is built upon energy domination through oil and gas, remains of the Soviet times that weren’t broken for years. Much of this is now gone. These are the last breaths, which is why they cause so much anxiety.”

Officials in Bulgaria started to rethink their position after Putin launched the full invasion of Ukraine in February 2022. The country is preparing to adopt the euro and deepen its ties with the European Union, but it stayed linked to Russian energy for too long.

Bulgaria’s connection to Russia stretches back centuries, including its 1878 independence from Ottoman rule in the Russo‑Turkish war and decades of loyalty during the communist era. The shift away from Russian ownership was always going to be messy.

On November 7, Parliament passed a bill that allowed the seizure of Neftohim, just hours after the US Treasury rejected commodity trader Gunvor as a buyer for Lukoil’s foreign assets and called it a “Kremlin’s puppet.”

Ten days later, Rumen Spetsov, the former head of Bulgaria’s tax authority and a bodybuilding champion, took over as the state‑appointed manager. His appointment helped Bulgaria convince Washington that Lukoil’s Bulgarian revenue wasn’t being rerouted back to Russia.

That MOVE bought Neftohim time to keep operating until April. Prime Minister Rosen Zhelyazkov said Bulgaria may request another six‑month extension if ownership remains unresolved.

If the refinery is sold, the money will be held in an account Lukoil can’t access while under sanctions. Buyers from the United States, Europe and the Persian Gulf have shown interest.

Lukoil said it was taking “all necessary steps” to sell the refinery, the fuel network and the rest of its Bulgarian assets.

Ilian Vassilev, who served as Bulgaria’s ambassador to Moscow, said, “The question is not whether the transition away from Russian ownership will eventually happen — it will. The real question is whether Bulgaria will shape that process — or be shaped by forces entirely beyond its control.”

Serbia rushes to keep NIS alive as oil runs short

Serbia is facing its own crisis. The country’s major refiner, Naftna Industrija Srbije (NIS), which is controlled by Gazprom, lost oil supplies last month when several US sanction waivers expired.

President Aleksandar Vucic asked Gazprom to find a buyer fast so the government WOULD not have to take over the company, but NIS has enough crude for only one week. If nothing changes, the country will need to tap reserves or import more expensive oil from elsewhere.

Vucic said on November 16, “If they don’t agree on a purchase price, my proposal is that we offer a better price. Whatever it costs, we’ll find the money,” while stressing that his government wanted to “avoid confiscation, nationalization.” He also said a solution must come by November 23.

Serbia’s ties with Russia go back to the breakup of Yugoslavia. After NATO bombed Serbia in 1999 to stop the war in Kosovo, Russia backed Serbia’s refusal to recognize Kosovo’s independence, giving the Kremlin political influence it still holds. But the energy dependence has now become a liability.

Trump’s sanctions changed the balance. Mario Bikarski, senior Europe analyst at Verisk Maplecroft, said opportunities for Russian political and business leverage in the region “have shrunk.”

He added that even if the war in Ukraine ends and sanctions ease, Russia “will struggle to regain its influence in the region’s energy markets given a larger pool of more reliable suppliers and partner countries,” and “Moscow would have to search for alternative avenues to maintain geo-economic influence over the region.”

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