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During my final overseas CIA assignment as a station chief in a South Asian war zone, our team was ruthlessly focused on detecting and preempting terrorist threats long before they could inflict harm on the U.S. homeland. We conducted plenty of clandestine operations unilaterally, but we also worked in close partnership with the host government’s intelligence service. We did not always agree on everything, but we enjoyed a robust exchange of intelligence on our mutual adversaries, shared analytical judgments and collaborated on a number of joint tactical counterterrorism operations.

On one occasion, our CIA team successfully found and fixed the location of a senior al Qaeda terrorist on the FBI Most Wanted list for having planned terrorist attacks. We shared our sensitive intelligence with the host government, whose military launched a well-planned raid and killed the al Qaeda terrorist during a firefight.

If there was one thing I learned at CIA, especially when it came to counterterrorism operations, it’s that our allies can be a tremendous force multiplier for our sacred mission of keeping our country safe from those who seek to do us harm.

Today, the Trump administration is applying a similar strategy for ensuring secure critical minerals supply chains and de-risking from Communist China, which is the world’s leading miner and processor of rare earths. China has made it a practice of extorting its commercial adversaries by restricting its exports of critical minerals.

Rare earth minerals are essential for making semiconductors, motors and fighter jets, all critical for our national security. The last thing we would want is to have to rely on Communist China for the supply.

China’s brazenly unfair trade practices involve dumping on the global market its massive, excess production of rare earths deliberately to drive prices down and force competitor mining companies out of business, thereby eliminating any long-term competition.

But the Trump administration has deployed a counter playbook to reduce China’s influence over rare earth markets. Rightly concerned that China is seeking to control the global economy by imposing its will on the high technology supply chain, Trump recently signed an $8-billion rare-earth mineral deal with Australian Prime Minister Anthony Albanese. And during his recent trip to Asia, Trump signed rare earth deals with Thailand and Malaysia.

The Trump administration also deftly applies the same principle of de-risking to critical materials and minerals including polysilicon, a pure form of silicon essential for the production of microchips and integrated circuits. Seeking to minimize the risk of China’s dominant global market share of polysilicon, the Trump administration smartly relies on NATO member Germany for the bulk of our polysilicon imports.

Further, the Trump administration is investigating national security threats posed by imports from other countries, including, but not exclusively, those linked to China. China dominates global polysilicon through state subsidies, deliberate overproduction and other nefarious trade practices — a familiar Chinese Communist Party playbook used on strategic materials.

‘If an enemy has alliances,’ Chinese philosopher Sun Tzu wrote, ‘the problem is grave and the enemy’s position strong.’

The U.S. is leading the way by building a global network for key technology components, which are vital to protecting our national security from Communist Chinese mercantilist aggression.

Dictators like Chinese President Xi Jinping want their enemies to be weak and divided. That’s because together the U.S. and our commercial partners are stronger and more able to protect internationally recognized borders, freedom of navigation and free trade on which the U.S. and global economy rely.

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President Donald Trump indicated that he did not direct the Justice Department to target former FBI Director James Comey, former National Security Advisor John Bolton and New York State Attorney General Letitia James.

During ’60 Minutes’ interview, CBS News’ Norah O’Donnell noted the three figures have been indicted and asked Trump whether those are cases of ‘political retribution.’

‘You know who got indicted? The man you’re looking at. I got indicted. And I was innocent,’ Trump fired back.

O’Donnell pressed Trump on the matter, asking whether he directed the Department of Justice to target those people.

‘No. You don’t have to instruct ’em because they were so dirty, they were so crooked, they were so corrupt, that the honest people we have — Pam Bondi’s doing a very good job, Kash Patel’s doing a very good job — the honest people that we have go after ’em automatically,’ he said.

The president called out Comey, James and Senate Democrat Adam Schiff in a September Truth Social post highlighted by ’60 Minutes.’

‘Pam: I have reviewed over 30 statements and posts saying that, essentially, ‘same old story as last time, all talk, no action. Nothing is being done. What about Comey, Adam ‘Shifty’ Schiff, Leticia??? They’re all guilty as hell, but nothing is going to be done,” the president declared in part of the post.

‘We can’t delay any longer, it’s killing our reputation and credibility. They impeached me twice, and indicted me (5 times!), OVER NOTHING. JUSTICE MUST BE SERVED, NOW!!!’ he asserted in another portion of the post.

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The Senate returns to Washington, D.C., this week as the government shutdown nears a record-shattering milestone and as lawmakers remain entrenched in their positions.

Come late Tuesday night, the government shutdown will officially become the longest on record, at 36 days, smashing through the previous record etched into the history books in early 2019. And while that record approaches, and payday deadlines are missed and federal benefits dry up, the Senate is still largely in a holding pattern.

Still, there was newfound optimism among some lawmakers as bipartisan talks increased last week, and many hope that same momentum carries into this week.

But for now, neither side is budging from the positions they’ve maintained since Oct. 1, when the shutdown officially began.

Senate Minority Leader Chuck Schumer, D-N.Y., and his Democratic caucus want a deal on expiring Obamacare premium subsidies before they agree to reopen the government. Saturday was when open enrollment officially began nationwide.

They’ve long warned that unless a deal was made before open enrollment, Americans that rely on the subsidies would see their premiums spike, despite the subsidies not expiring until the end of this year.

‘People are going to see drastic, drastic increases in their healthcare costs,’ Schumer said last week. ‘People are going to sit at the dinner table Friday night with a pit, with a hole in the pit of their stomach, and say, ‘How are we going to do this?’’

Senate Republicans largely agree that there needs to be an extension of some kind to the subsidies, but they also want a host of reforms made to the program that was enhanced under former President Joe Biden.

And Senate Majority Leader John Thune, R-S.D., has offered Senate Democrats a vote on the Obamacare subsidies, but they say that’s not enough and demand that President Donald Trump get involved.

Trump officially returned to the country after a near weeklong trip to Asia but still appears to be keeping the shutdown at an arm’s length.

While Schumer and his Democratic caucus’ demands have remained laser-focused on expiring Obamacare subsidies, they have also blamed Trump for not funding federal food benefits as he did in 2019, and Schumer and House Minority Leader Hakeem Jeffries, D-N.Y., have called for a meeting with the president.

But Trump won’t meet with the top congressional Democrats until the shutdown ends — a point he and Republicans have made time and time again.

And he won’t budge on healthcare negotiations until the government reopens, either.

‘I’m not going to do it by being extorted by the Democrats who have lost their way,’ Trump said on CBS’ ’60 Minutes.’ ‘There’s something wrong with these people.’

Meanwhile, Trump has urged Senate Republicans to get rid of the 60-vote filibuster threshold in the upper chamber. Doing so is a proverbial third rail for Senate Republicans and a longstanding priority for Senate Democrats.

He renewed that call over the weekend in posts on Saturday and Sunday to his social media platform Truth Social.

‘Republicans, you will rue the day that you didn’t TERMINATE THE FILIBUSTER!!! BE TOUGH, BE SMART, AND WIN,’ he said.

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Energy Secretary Chris Wright revealed the U.S. will not be testing nuclear explosions, putting to rest questions over whether the Trump administration would reverse a decades-old taboo.

Testing will instead involve ‘the other parts of a nuclear weapon,’ Wright told Fox News’ ‘The Sunday Briefing.’

‘I think the tests we’re talking about right now are systems tests,’ he explained. ‘These are not nuclear explosions. These are what we call noncritical explosions.’

His comments came after President Donald Trump announced the U.S. would reignite ‘nuclear testing’ because other nations were doing so. The president made the announcement on the way to a meeting with Chinese President Xi Jinping.

He didn’t specify whether he meant explosives, which haven’t been tested by the U.S. since 1992, or the weapons that carry them.

The only nation to conduct a detonation test in the last 25 years is North Korea in September 2017.

The president said he’d directed the Pentagon — which is responsible for testing nuclear-capable vehicles — to resume testing. The Energy Department would have jurisdiction over testing explosives.

‘We’ve halted it years — many years — ago,’ Trump said last week. ‘But with others doing testing, I think it is appropriate that we do also.’

Asked on Friday to clarify whether the U.S. would begin ‘detonating nuclear weapons for testing,’ the president responded, ‘I’m saying that we’re going to test nuclear weapons like other countries do.’

Trump claimed in a CBS ’60 Minutes’ interview over the weekend that U.S. adversaries were secretly testing nuclear weapons.

‘Russia’s testing nuclear weapons, and China’s testing them, too,’ he said. ‘You just don’t know about it.’

China is rapidly expanding its nuclear silo and is expected to have nearly 1,000 warheads by 2030, according to Pentagon assessments. But Beijing has not conducted a nuclear weapons test since 1996. Russia has not been confirmed to have tested a weapon since 1990, but last week did claim to test two delivery vehicles: an undersea torpedo known as Poseidon and a nuclear-powered cruise missile.

In 1996, the United Nations adopted a nuclear test ban treaty. The U.S. signed the treaty, but the Senate rejected its ratification. Most other nuclear-armed states also did not ratify the document.

Still, it created a global norm against nuclear weapons testing.

The U.S. regularly tests unarmed nuclear-capable weapons.

Additionally, non-explosive or ‘subcritical’ tests, which involve fissile materials but stop short of producing a chain reaction, have been conducted at the Nevada National Security Site for years. Officials say these experiments help validate computer models that simulate how aging warheads behave, allowing scientists to verify performance without explosive testing.

The U.S. has conducted more than two dozen such tests since the late 1990s.

‘And again, these will be nonnuclear explosions,’ Mr. Wright said. ‘These are just developing sophisticated systems so that our replacement nuclear weapons are even better than the ones they were before.’

Washington is currently undergoing a three-decade, $1.7 trillion transformation effort to replace aging warheads with updated versions.

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Senate Majority Leader John Thune, R-S.D., and Senate Republicans are considering pushing back the House-passed government funding extension in a bid to give lawmakers more time to pass spending bills.

The House’s continuing resolution (CR) would reopen the government until Nov. 21. That bill has been blocked by Senate Minority Leader Chuck Schumer, D-N.Y., and Senate Democrats 13 times so far and has pushed the shutdown into record-breaking territory.

Given that the original seven-week plan has now shrunk to just three weeks as the shutdown drags on, Thune and the Senate GOP realize that more time will be needed to pass appropriations bills.

‘The House-passed CR is, you know, the idea that we could get any appropriations bills done, you know, by November the 21st now, that date’s lost,’ Thune said.

The objective now is to produce a CR that extends the funding deadline, possibly into January. Thune said that he was ‘certainly open’ to extending the deadline into next year. Senate Republicans tried to get a package of three bills on the floor, along with possibly more, late last month. But that move was blocked by Senate Democrats.

‘As you look at the calendar, if you want to do normal appropriations work, you look at how long it takes to get bills across the floor in the Senate and through the House,’ he said. ‘It’s, you know, the longer sort of runway there is better.’

To do so would either require a fresh CR, or the House-passed bill could be amended. Still, anything that Republicans hash out will need to break through the 60-vote threshold in the Senate and require support from Democrats.

Any changes to the House’s bill, or a new bill, would also need to be sent back to the House, which House Speaker Mike Johnson, R-La., has kept out of session now for over six weeks.

Johnson, when asked about time running out on the House-passed CR, didn’t say whether lawmakers would need to craft a new one or extend the Nov. 21 deadline. He blamed Senate Democrats, however, for running out the clock. 

‘We’re very mindful of the clock,’ Johnson told Fox News’ Will Cain on ‘The Will Cain Show.’ ‘And the great irony here is the Democrats are the ones that are taking the time off that clock. We needed it.’

But lawmakers in the lower chamber already expected that more time would be needed given the blockade in the upper chamber.

House Appropriations Committee Chairman Tom Cole, R-Okla., told Fox News Digital in an interview late last month that he believed a new CR would be needed, ‘having wasted this much time.’

Asked about what timing he believed would be realistic, Cole said he could see a short-term measure ‘probably into early January’ in a bid to avoid a colossal, year-end funding bill known as an omnibus where all 12 appropriations bills and numerous spending and policy riders are crammed into one bill.

‘In both chambers, both parties, there’s a dread of what’s called the Christmas omnibus, where we put you right up to the edge of Christmas, and they don’t let you go home to your family until you pass a God awful omnibus bill. We don’t want to do that to our members,’ he said.

But there’s another faction within the GOP calling for a longer-term bill. A source familiar with the House Freedom Caucus told Fox News Digital last month that its chairman, Rep. Andy Harris, R-Md., would advocate for a bill extending into December 2026 — provided he agreed with the details in the measure itself.

Meanwhile, Thune said that he was optimistic that the shutdown could end this week. The Senate is nearing yet another scheduled recess, this time for Veterans’ Day next week, that could see lawmakers leave Washington, D.C., with the government still closed.

He wasn’t ready to outright cancel the recess, but noted that ‘if we don’t start seeing some progress or some evidence of that by at least the middle of this week, it’s hard to see how we would finish anything by the end of the week.’

‘I think we’re getting close to an off-ramp here, but, you know, this is unlike any other government shutdown,’ he said.

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President Donald Trump is ordering the aircraft carrier USS Gerald R. Ford to head to the Caribbean as he ramps up his crusade against drugs — marking the first time a carrier has conducted an operational deployment in the region in more than 30 years.

Trump has built up naval assets in the region as attacks against alleged drug boats have increased since September, but sending an aircraft carrier is an unprecedented move. A warship like the Ford hasn’t participated in military operations in the region since 1994, when two carriers were dispatched to respond to political unrest in Haiti for Operation Uphold Democracy, according to U.S. Southern Command’s (SOUTHCOM) records shared with Fox News Digital. 

The Ford’s deployment comes as Trump has signaled that Venezuelan President Nicolás Maduro may not be in office much longer. The Trump administration has conducted 15 strikes in the Caribbean, while U.S. lawmakers have raised concerns about their legality and a broader conflict in the region.

During Operation Uphold Democracy, aircraft carriers USS Dwight D. Eisenhower and USS America headed to the region as part of a multinational intervention, after Haitian Lt. Gen. Raoul Cedras led a military coup in 1991 that ousted the island’s first freely elected president, Jean-Bertrand Aristide.

In July 1994, the United Nations passed a resolution authorizing the use of military force to restore democracy in Haiti, paving the way for Operation Uphold Democracy to launch in September 1994 as a military buildup designed to pressure Cedras’ regime to step down, according to the State Department’s Office of the Historian.

At the time, President Bill Clinton justified the intervention, which involved nearly 25,000 U.S. troops, as necessary to remove the Cedras regime after employing ‘every diplomatic avenue possible.’

Clinton said in a radio address Sept. 17, 1994, that the Cedras regime had two options: either leave peacefully or be ousted forcefully.

‘The remaining question is not whether they will leave but how they will leave,’ Clinton said in a radio address Sept. 17, 1994. ‘They can go peacefully and increase the chances for a peaceful future and a more stable future for Haiti in the near term, not only for all those whose democracy they stole but for themselves as well. They can do that, or they will be removed by force.’

In addition to military forces, Clinton also announced that former president Jimmy Carter, former Chairman of the Joint Chiefs of Staff Gen. Colin Powell and Chairman of the Senate Armed Services Committee Sen. Sam Nunn, D-Ga., had departed for Haiti in a final attempt to secure a peaceful transfer of power.

U.S. forces started to arrive in Haiti Sept. 19, 2024, while diplomatic negotiations between the U.S. delegation and Cedras’ regime were underway, ultimately prompting Cedras’ regime to surrender and allowing Aristide to return to power.

Since Operation Uphold Democracy, carriers have sailed through SOUTHCOM’s waters for several exercises and supported humanitarian efforts. For example, the USS George Washington completed exercises in the region as part of the Southern Seas 2024 deployment aimed at facilitating maritime partnerships with allies as part of a homeport change from Norfolk, Virginia, to Yokosuka, Japan.

The carrier participated in these exercises in 2008 and 2015 during homeport changes between the East Coast and Japan. Altogether, there have been a total of 10 Southern Seas missions since 2007, according to SOUTHCOM.

Additionally, the aircraft carrier USS Carl Vinson also assisted with humanitarian relief efforts in 2010 after Haiti suffered a massive earthquake as part of Operation Unified Response, according to Naval History and Heritage Command.

Meanwhile, Trump is ramping up strikes against alleged drug boats in the Caribbean — totaling 15 strikes since the beginning of September — stoking concerns from lawmakers on both sides of the aisle about whether they are legal. For example, Sens. Adam Schiff, D-Calif., Tim Kaine, D-Va., and Rand Paul, R-Ky., introduced a war powers resolution prohibiting U.S. armed forces from engaging in ‘hostilities’ against Venezuela.

‘The Trump administration has made it clear they may launch military action inside Venezuela’s borders and won’t stop at boat strikes in the Caribbean,’ Schiff said in a statement Oct. 17.

However, Sen. Lindsey Graham, R-S.C., said Oct. 26 that the Trump administration has the authority it needs to conduct these strikes, and that Trump has decided its ‘time’ for Maduro to go.

The White House did not respond to a request for comment from Fox News Digital. 

The Trump administration repeatedly has stated it does not recognize Maduro as a legitimate head of state, and claims he is instead a leader of a drug cartel. Likewise, the Trump administration increased the reward for information leading to Maduro’s arrest to $50 million in August, claiming he is ‘one of the largest narco-traffickers in the world.’

After the Trump administration announced the Ford would head to SOUTHCOM’s area of operations, Maduro accused Trump of ‘fabricating a new eternal war.’

‘They promised they would never again get involved in a war, and they are fabricating a war,’ Maduro said in a national broadcast on Oct. 24.

Meanwhile, Trump said Sunday in an interview with CBS’ ’60 Minutes’ that although he doesn’t expect a war with Venezuela, he believes Maduro’s days are limited when asked about ordering the carrier to the region.

The Ford may be the Navy’s newest carrier, but it’s already been quick to respond to several significant conflicts since its first full-length deployment in 2023. For example, the Pentagon sent the Ford to the Eastern Mediterranean in October 2023 after Hamas’ initial attack on Israel.

While in the Caribbean, the Ford is expected to conduct strike operations on land, and provide close air support for special operations troops, according to experts.

‘I estimate the FORD will be doing strike operations against narcotics trafficking and manufacturing sites ashore as well as providing close air support to special operations troops,’ Bryan Clark, director of the Hudson Institute think tank’s Center for Defense Concepts and Technology, said in a Monday email to Fox News Digital.

Brent Sadler, a senior fellow for naval warfare and advanced technology at The Heritage Foundation, a conservative think tank in Washington, said that the carrier’s deployment seeks to put additional pressure on Venezuela, so Caracas doesn’t retaliate following the U.S. military strikes in the region. 

‘The Ford’s arrival in SOUTHCOM area is not unprecedented but given the ongoing attacks on Cartel boats significant. I see this move as intended to deter Venezuela from escalating the crisis and providing the President extra options should he want to increase the attacks on the Cartels,’ Sadler said in an email to Fox News Digital on Monday. ‘That said, I would anticipate the Ford’s air wing being very active in air surveillance and defense.’

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President Donald Trump issued scads of Truth Social posts on Sunday backing politicians for re-election, including GOP Arkansas Gov. Sarah Huckabee Sanders and a slew of House Republicans.

‘Sarah Huckabee Sanders has my Complete and Total Endorsement for Re-Election — SHE WILL NOT LET YOU DOWN!’ the president exclaimed in one post. 

Sanders, who served as Trump’s White House press secretary during a portion of his first term, is the daughter of U.S. Ambassador to Israel Mike Huckabee, a former Arkansas governor.

She thanked Trump.

‘Thank you, President @realDonaldTrump! It’s an honor to have your endorsement, and Arkansas stands with you in the fight to Make America Great Again!’ she declared in a post on X. 

Trump also expressed his support for many House Republicans, including Reps. Jim Jordan and Warren Davidson of Ohio, James Comer of Kentucky, and many others.

‘Jim Jordan is a very good friend, fighter, and WINNER, and has my Complete and Total Endorsement for Re-Election — HE WILL NEVER LET YOU DOWN!’ the president declared in a Truth Social post.

The GOP will be trying to maintain its majorities in the House and Senate during the 2026 midterm elections. Election Day will be exactly one year from today, on Nov. 3, 2026.

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European left-wing politicians are crossing the Atlantic to study a campaign model they see as a blueprint for revival — the campaign of New York Assemblyman Zohran Mamdani, a Democratic Socialist whose grassroots machine has captured attention far beyond his Queens district.

According to a Politico Europe report on Monday, far-left delegations from France, Germany and the U.K. visited New York this week to observe Mamdani’s operation firsthand. Among them were the deputy leader of the U.K. Green Party; a parliamentary officer for Germany’s Left (Die Linke) Party; as well as a French member of the European Parliament, with the goal of translating what they see as a successful campaign into more victories for Europe’s hard-left parties.

Alan Mendoza, executive director of the London-based Henry Jackson Society, told Fox News Digital, ‘Nobody would have thought New York would succumb to this five years ago. But there are certain conditions — a problematic economy, cost-of-living issues, and weak opposition — that make it fertile ground. Those conditions certainly exist in many European cities, so you can see an immediate crossover.’

Mendoza added, ‘It’s no surprise they’re coming to study Mamdani’s campaign,’ he said. ‘It looks like it’s going to be a very successful one, and the fact that somebody with his views and policies looks like they’re about to be elected as mayor of one of the most famous cities in the world is a boon to all those who share his politics internationally.’

Mendoza described Mamdani as a ‘trailblazer’ for hard-left movements that have often struggled to win major offices in Western democracies. ‘He’s bringing victory where there has always previously been defeat for politicians of the far left,’ he said. ‘His tactics, his style, his pronouncements — his form of forging a governing coalition, are going to be of keen interest to similar hard leftists around the world.’

In New York, Mamdani has built his base through neighborhood-level activism, which European politicians see as a path to reenergize voters. The former leader of the U.K.’s Labour Party, Jeremy Corbyn, who now leads the upstart Your Party, said on social media that he and his team phone banked for Mamdani.

Corbyn shared the phone-banking link which leads a website organized by the Democratic Socialists of America’s NYC chapter which is urging volunteers to mobilize voters for Mamdani.

Mendoza warned that replicating Mamdani’s ideological platform could deepen polarization. ‘Europe is already more statist and more left-wing as a rule than America anyway,’ he said. ‘So if he can win in New York, why can’t a hard leftist win in Europe? The question is whether those policies would actually work — and history shows they don’t.’

Mendoza dismissed identity as a driving factor behind Mamdani’s success, despite debates over his immigrant background. ‘It’s not an ethnicity question,’ he said. ‘It’s a question of what his ideology is — and that can be shared by people whether they’re born in a country or not.’

Fox News’ Emma Bussey contributed to this report.

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President Donald Trump publicly endorsed Andrew Cuomo on Monday while threatening to withhold federal funding from New York City if Zohran Mamdani, who he labeled a ‘Communist’, wins the mayoral election.

In a lengthy post on Truth Social, he also warned that the city would face ‘total economic and social disaster’ under Mamdani’s leadership.

‘If Communist Candidate Zohran Mamdani wins the Election for Mayor of New York City, it is highly unlikely that I will be contributing Federal Funds, other than the very minimum as required, to my beloved first home, because of the fact that, as a Communist, this once great City has ZERO chance of success, or even survival!’ he wrote in the post.

‘It can only get worse with a Communist at the helm, and I don’t want to send, as President, good money after bad. It is my obligation to run the Nation, and it is my strong conviction that New York City will be a Complete and Total Economic and Social Disaster should Mamdani win,’ he added before claiming a win for Mamdani would be a ‘Complete and Total Economic and Social Disaster.’

The president’s post also marked his latest attempt to guide New Yorkers at the polls.

‘A vote for Curtis Sliwa (who looks much better without the beret!) is a vote for Mamdani,’ Trump added.

‘Whether you personally like Andrew Cuomo or not, you really have no choice. You must vote for him, and hope he does a fantastic job. He is capable of it, Mamdani is not!’

Speaking at a press event in New York on the eve of the election, Mamdani responded to the president’s Truth Social post.

‘The MAGA movement’s embrace of Andrew Cuomo is reflective of Donald Trump’s understanding that this would be the best mayor for him,’ he said.

‘Not the best mayor for New York City, not the best mayor for New Yorkers, but the best mayor for Donald Trump and his administration.’

Mamdani also responded to Elon Musk supporting Cuomo on Monday, saying ‘the reason that the President of the United States of America, the reason that one of the wealthiest men in the world are both trying to get involved at the last minute, is that they know we will accomplish everything we have run on.’

The socialist mayoral candidate spoke out about Trump’s threat to withhold federal funding from the city, and labeled it unlawful.

‘It is not the law,’ Mamdani told reporters. ‘And too often we treat everything that comes out of Donald Trump’s mouth as if it is already legal, just by virtue of who is saying it.’

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As the artificial intelligence (AI) market continues to grow, there are many AI stocks for investors to choose from on top exchanges like the NASDAQ, TSX and ASX.

AI technology has made strong inroads into several key industries, including logistics, manufacturing, finance, healthcare, customer service and cybersecurity.

While artificial intelligence has been around for a long time, this explosion in popularity is due to advancements in generative AI, starting with the release of OpenAI’s ChatGPT. Since then, many major tech firms entered the space with their own generative AI offerings or now include AI technology in their own innovative products.

A McKinsey technology trends report states that, ‘AI is a widely applicable, general-purpose technology with use cases in every industry and business function—and thus lots of innovation and interest—and it is scaling rapidly across the business landscape.’

American AI stocks

According to Ascendix, there are around 90,000 AI companies worldwide, of which 32 percent are headquartered in the United States.

One of the major factors fueling growth in the American AI market, states Statista, is “the growing investments and partnerships among technology companies, research institutions, and governments.’

Below are three of the top US AI stocks by market cap. For more US AI stocks, check out our list of 12 generative AI stocks and 5 AI ETFs.

1. NVIDIA (NASDAQ:NVDA)

Market cap: US$4.59 trillion

The global leader in graphics processing unit (GPU) technology, NVIDIA is designing specialized chips used to train AI and machine-learning models for laptops, workstations, mobile devices, notebooks and PCs.

The company is partnering with a number of big-name tech firms to bring various key AI products to market.

Through its partnership with Dell Technologies (NYSE:DELL), NVIDIA is developing AI applications for enterprises, such as language-based services, speech recognition and cybersecurity.

The chipmaker has also been instrumental in the buildout of Meta Platforms’ (NASDAQ:META) AI supercomputer. Called the Research SuperCluster, it reportedly uses a total of 16,000 NVIDIA GPUs.

In early 2024, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) and NVIDIA released the world’s first multi-die chip specifically designed for AI applications: the Blackwell GPU. Blackwell’s architecture allows for the increased processing power needed to train larger and more complex AI models.

NVIDIA’s biggest AI news for 2025 concerns its US$100 billion partnership with OpenAI announced on September 22. NVIDIA will fund a massive data center buildout to become the backbone of OpenAI’s superintelligence ambitions.

2. Microsoft (NASDAQ:MSFT)

Market cap: US$3.9 trillion

Microsoft has committed billions to OpenAI, but the tech behemoth has also built its own AI solutions based on the chatbot creator’s technology: Bing AI and Copilot. OpenAI officially licensed its technologies to Microsoft in 2020.

In late May 2024, Microsoft unveiled its Copilot+ Windows PCs, its first range of AI-equipped PCs. According to the company, they are the “fastest, most intelligent Windows PCs ever built.”

An update to Windows 11 in October 2024 included upgrades to the Copilot artificial intelligence platform capabilities, including the introduction of the ability to speak directly to the AI helper.

Microsoft’s moves into generative AI have translated into higher revenues for its Azure cloud computing business and a higher market capitalization — the tech giant pushed past the US$3 trillion mark in January 2024 and its managed to maintain that level up even after the March 2025 stock sell-off as a result of tariffs and trade wars by US President Donald Trump.

Microsoft announced an US$80 billion investment in US-based AI infrastructure earlier this year, followed by the integration of its Copilot AI tools into Microsoft 365. In October 2025, the company launched an open source framework that will allow developers to build out agentic AI applications.

3. Alphabet (NASDAQ:GOOGL)

Market cap: US$2.96 trillion

Alphabet holds court with both Microsoft and NVIDIA as part of the tech sector’s Magnificent 7, and its foray into AI has similarly brought the tech giant much success. The company has created the AI chatbot Gemini, formerly known as Bard, which is integrated into products such as its Google Suite, the Chromecast browser and the Google Pixel phone line.

Alphabet’s market cap surpassed the US$2 trillion mark in April 2024. That same month, Google introduced a custom AI chip designed for its cloud services customers. The technology uses British semiconductor company Arm Holding’s (NASDAQ:ARM) AI architecture. In the same week, Google revealed its new A3 Mega AI processor based on NVIDIA’s H100 Technology.

At the NVIDIA GTC 2025 conference, Alphabet and NVIDIA announced a series of AI-focused partnerships in the sectors of robotics, drug discovery and manufacturing.

As of October 2025, Alphabet is testing a Gemini AI app redesign with the goal of improving user experience and increasing engagement through more visuals and scrolling feed rather than a chat interface.

Canadian AI stocks

Recognized as a world-leading AI research hub, Canada ranks eighth out of 83 countries in the Global AI Index. Since 2017, the Canadian government has invested hundreds of millions of dollars into accelerating the research and commercialization of AI technology in the country through the Pan-Canadian AI Strategy.

Research by IBM (NYSE:IBM) shows Canadian businesses are increasingly adopting AI, with 56 percent of IT professionals in large enterprises reporting that they plan to increase deployment the technology in their operations for 2025.

Below are three of the top Canadian AI stocks by market cap. For more Canadian AI stocks, take a look at our list of 5 small-cap Canadian AI stocks.

1. CGI (TSX:GIB.A,NYSE:GIB)

Market cap: C$27.89 billion

Montreal-based CGI is among the world’s largest IT systems integration companies, and offers a wide range of services, from cloud migration and digital transformation to data analysis, fraud detection and even supply chain optimization. Its more than 700 clients span the retail, wholesale, consumer packaged goods and consumer services sectors worldwide.

Through a partnership with Google, CGI is leveraging the Google Cloud Platform to strengthen the capabilities of its CGI PulseAI solution, which can be integrated with existing applications and workflows.

CGI is aggressively working to expand its generative AI capabilities and client offerings. In early March 2024, the company launched Elements360 ARC-IBA, an AI powered platform for brokers and insurers to settle accounts in the UK broking industry. Later in September, CGI signed the EU’s Artificial Intelligence Act pledge to work for trustworthy and safe AI development.

The company’s AI-powered CGI DigiOps toolkit won the Association of Chartered Certified Accountants (ACCA) India Award 2024 for Excellence in Digital Transformation in February 2025. CGI DigiOps is used in several industries, including the energy and utilities, and retail sectors. “This award for digital transformation excellence is a testament to our commitment to delivering end-to-end AI-powered solutions to achieve meaningful outcomes for our clients,’ Rakesh Aerath, President, CGI Asia Pacific Global Delivery Centers of Excellence.

2. OpenText (TSX:OTEX)

Market cap: C$13.52 billion

Ontario-based OpenText is one of Canada’s largest software companies. The tech firm develops and sells enterprise information management software. Its portfolio includes hundreds of products in the areas of enterprise content management, digital process automation and security, plus AI and analytics tools.

OpenText serves small businesses, large enterprises and governments alike. Its AI & Analytics platform has an open architecture that enables integration with other AI services, including Google Cloud and Azure. It can leverage all types of data, including structured or unstructured data, big data and the internet of things to quickly create interactive visuals.

Last year, OpenText launched Cloud Editions 24.1, which includes enhancements to its OpenText Aviator portfolio.

OpenText has also been expanding its AI-powered cybersecurity offerings. In early 2025, the company launched OpenText Core Threat Detection and Response, which leverages AI-driven behavioral analytics to detect insider threats and cyberattacks.

The company sold of its eDocs business unit in October 2025 in order to increase focus on building out its AI capabilities and offerings.

3. Propel Holdings (TSX:PRL)

Market cap: C$1.04 billion

Propel Holdings is a fintech company that has designed an AI-powered lending-as-a-service platform for consumers seeking alternative access to credit outside of the traditional banking system. Its operating brands include Fora Credit, CreditFresh, MoneyKey and QuidMarket.

With operations in Canada, the US and the UK, the company claims that is has ‘helped consumers access over one million loans and lines of credit and over two billion dollars in credit.’

In September, Propel ranked sixth on the TSX30 2025 annual ranking, which recognizes the 30 best-performing companies over a three-year period on the Toronto Stock Exchange. The company also ranked 147th in the 2025 Report on Business magazine’s ranking of Canada’s top growing companies by three year revenue growth, with Propel’s revenue climbing 247 percent.

Australian AI stocks

Australia’s AI innovation and number of AI companies are growing consistently, according to a June 2025 government report on the country’s AI ecosystem.

According to the report, of the 412 public AI firms it identified, ‘Most public AI companies are well-established organisations that have operated in Australia for years or decades. Their expanding AI capabilities primarily stem from strategic shifts, increased investment in internal AI capabilities and acquisitions of AI-developing firms.’

Below are three of the top Australian AI stocks by market cap. For more ASX AI shares, check out our list of the 5 biggest ASX AI stocks.

1. NextDC (ASX:NXT)

Market cap: AU$10.8 billion

NEXTDC is Australia’s leading data center operator, with facilities currently operational or under development throughout Australia. The company also has data centers under development in New Zealand, Malaysia and Japan.

NEXTDC’s clients include some of the world’s largest cloud providers, such as Amazon (NASDAQ:AMZN) Web Services, Microsoft Azure, and Alphabet’s Google Cloud. The company also obtained NVIDIA’s DGX-Ready Data Centre Program certification, enabling it to optimize NVIDIA’s AI platforms and power advanced AI data centers in Australia.

In its financial report for its fiscal 2025 ended June 30, 2025, the company reported total revenue of AU$427.2 million, a 6 percent increase from the same period in the year prior. Its net revenue was up 14 percent to AU$350.2 million.

NEXTDC is the 2025 recipient of the Australian Competitive Strategy Leadership Recognition in the data center services industry.

2. Megaport (ASX:MP1)

Market cap: AU$2.56 billion

Megaport network-as-a-service provider that offers a software-defined network (SDN) platform to businesses, data centers and cloud providers. Although it calls Queensland, Australia, home, the company has operations in over 25 countries.

Megaport has strategic partnerships with cloud service providers like Amazon’s (NASDAQ:AMZN) Amazon Web Services and Microsoft’s (NASDAQ:MSFT) Microsoft Azure. Users of its Megaport Virtual Edge can use devices such as routers and firewalls without the need for physical hardware in a data center.

The scalability and on-demand nature of Megaport’s technology makes it ideal for businesses employing AI tools. The company’s AI Exchange platform connects customers with an ecosystem of over 30 AI service providers.

3. Nuix (ASX:NXL)

Market cap: AU$1.01 billion

Sydney-based Nuix is a leading provider of data processing, investigative analytics and intelligence software. Its client base includes legal, compliance, forensic investigations, cybersecurity and data governance sectors.

The company’s patented Nuix Neo technology uses advanced deep learning techniques to better train AI models for more efficient, scalable and cost-effective document classification. Launched in July 2023, Nuix Neo is accessed through a browser-based, collaborative interface, and includes end-to-end automation, investigative analytics and AI-enabled workflows.

This year, Nuix inked a deal with Indian multinational technology firm Tech Mahindra to provide AI-driven cyber risk management and data analytics tools. Tech Mahindra services the banking, insurance, telecommunications and government sectors.

Additionally, in mid-September, the company won a multiyear contract to supply forensic analysis software to the tax authority of Rhineland-Palatinate state in Germany.

FAQs for AI stocks

Which company is leading the AI race?

Google and Microsoft are battling it out for king of the AI hill. While Goldman Sachs sees Alphabet’s Google as leading the AI race, other analysts are pointing to Microsoft as the clear frontrunner. Microsoft stands to benefit in a big way from its billions of dollars investment in OpenAI’s ChatGPT as advancements in generative AI may have the potential to increase the company’s revenues for its Azure cloud computing business.

Which country is doing best in AI?

North America is the global hotspot for advancements in AI technology and is home to the majority of the world’s largest AI providers. Techopedia positions the US as the primary hub for AI development, and many of the world’s leading tech giants are headquartered there. According to the report, China comes in a close second.

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

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