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Today’s big story has all the attention. Nvidia earnings report Stock prices will rise even higher.
What’s on deck:
But first, there’s Nvidia.
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big story
AI, good or bad
Noah Berger/Getty Images; Jenny Chan Rodriguez/BI
The stock market darling will be in the spotlight today as NVIDIA releases its earnings after the close of trading.
Over the past year, no company has captivated investors more than Nvidia. Even during the bull market, this AI chip maker stood out.
Nvidia is performing more like a meme stock than a company with a market cap of over $2.3 trillion, up nearly 100% this year alone.
But can it keep rising?
Business Insider’s Matthew Fox sums it up: What Wall Street Expects from Nvidia.Even if that happens Upcoming releases of next generation chips Although demand for its current chips may decline, some analysts believe NVIDIA still has room to grow.
Stock price analysis can sometimes be complicated, but in the case of Nvidia it’s very simple. Big Tech has big plans — and budget — For AI. The only way to get there is with Nvidia’s chips.
That may not always be the case. financial times newspaper It was recently reported that NVIDIA’s rivals and customers are supporting efforts to break the company’s dominance in this space.
But for now, it’s Nvidia or ruin.
Jason Merritt/Getty Images, Kevin Dietsch/Getty Images, BI
Elsewhere in the AI world, things are not going so well.
The buzz around OpenAI’s ChatGPT human-like voice capabilities quickly died down. The self-praise was quickly reversed after Scarlett Johansson threatened legal action. One of ChatGPT’s voices sounds “eerily similar” to hers.
However, it is not new for AI to be accused of misusing creative work. (That doesn’t mean it’s OK.)
However, I argue with Johansson is especially dangerous.“The actor was at odds with Disney over the release of Black Widow and has since reached a settlement,” BI’s Emon Jacobs writes.
It also begs the question, “Are these OpenAI people as smart as we think?” BI’s Katie Notopoulos explains more.
Even if Johansson doesn’t escalate the situation — OpenAI I’ve already raised my voice — It’s another setback for a company trying to win the trust of a public that has many skeptics. Former company executive.
This is also an example of OpenAI as some have claimed.Ask for forgiveness, not permissionBI’s Hasan Chowdhury writes, “strategy” (which means “move quickly and break things”).
Three things in the market
Hollis Johnson/Insider
- Wall Street’s biggest pessimist isn’t backing down. JPMorgan’s Marko Kolanovic is the only top strategist at a major bank predicting a market downturn.He recently reinforced this view: The S&P 500 will fall about 20%.. “We do not see stocks as an attractive investment at this time and see no reason to change our stance,” Kolanovic said.
- The crypto world is excited about another ETF. Ethereum ETF could be approved as early as this week, potentially causing cryptocurrency prices to fluctuate Rapid increase of more than 20%. According to one expert, this could also be a step towards further legalization of Bitcoin and the broader cryptocurrency market.
- China released a record amount of US debt last quarter. Country Sold $53.3 billion worth of U.S. and agency debt. In the first three months of 2024, Bloomberg reported. The acceleration is another sign of the worsening trade relationship between China and the United States.
Three things about technology
Michael Burrell/Getty, Tyler Lu/BI
- There are a few theories about Comcast’s new streaming bundle discounts. Get Netflix, Peacock, and Apple TV+ for $15 a month, about $8 less than buying them separately. One reason for this may be subscribers from broadband companies such as Comcast. less likely to leave.
- ICYMI: Here’s what happened with Microsoft Build. At the annual developer conference, The company announced Team Copilotplans to bring AI agents to Microsoft Teams chats and meetings. OpenAI’s Sam Altman also made a surprise appearance to talk about GPT-4o and offer advice to founders and developers.
- How do the leaders of the world’s largest technology companies spend their free time? From Mark Zuckerberg’s new love for the UFC to Elon Musk’s gaming obsession to Bill Gates’ luxury car collection. Here’s a list of the favorite hobbies of wealthy IT executives.
3 things in business
Fine Art Photography/Getty Images; Jenny Chan Rodriguez/BI
- Neighborhood names are getting stupider and stupider. As you may have noticed, in developing cities, The names of the neighborhoods are getting strange — Take Denver’s RiNo, SoBo, LoDo, and LoHi areas as examples. It’s all an attempt by builders to redevelop the neighborhood in their own image.
- President Trump’s tariff proposals could cost Americans $500 billion a year. Researchers at the Peterson Institute say President Trump’s plan to tax imports is Households spend an extra $1,500 each yearThey also said the plan would hit low-income households harder.
- These are the most affordable cities to buy a home in the United States. SmartAsset identified 12 areas where the median home price is less than $175,000 and doesn’t exceed 2.5 years of local income. The Midwest dominates the list.
In other news
What happened today
From the Insider Today team: Dan DeFrancesco, deputy editor and anchor based in New York. Jordan Parker Erb is an editor based in New York. Hallam Block, senior editor based in London. Reporter George Glover lives in London.