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Nvidia passed Apple in market cap on Wednesday, making it the second-most valuable public company, behind Microsoft. Nvidia also hit a $3 trillion market cap milestone on the same day. Given the rise in Nvidia shares, it might seem to be one of the best plays in the AI market. But this investor says to consider “boring” Big Tech companies such as Alphabet and Microsoft instead. These companies have broad revenue streams and use AI to enhance their existing products, instead of relying on the AI narrative to “prop up earnings,” he said. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational […]

The Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial meeting was held in Singapore on Thursday. U.S. President Joe Biden launched the IPEF, involving 14 countries, about two years ago, for economic and trade cooperation among the member states. The IPEF was also seen as a means to counteract China in the region. “This isn’t about China,” said U.S. Commerce Secretary Gina Raimondo, who participated in the meeting. “This is about the United States showing up in the region, investing in the region,” she said. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci