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It’s been a busy week at Yahoo Finance. Investors were digesting Nvidia’s (NVDA) new AI chip announcement, the Federal Reserve’s latest decision, Reddit’s initial public offering (RDDT), and more.
Nvidia CEO Jensen Huang announced the Blackwell AI platform in his much-anticipated keynote Monday night, but there was so much optimism that the stock price came under pressure in response to the news. exposed to. However, several other partnerships were announced, and other stocks such as Cadence Design Systems (CDNS) and Synopsys (SNPS) rose.
As for the Fed, the central bank kept interest rates on hold as expected, with the FOMC’s forecast showing officials still see three rate cuts remaining this year.
Yahoo Finance was also on the road, as Julie Hyman was in Houston for S&P Global’s CERAWeek, the energy industry’s top conference. She spoke with key leaders in the sector, including ExxonMobil CEO Darren Woods (XOM) and Occidental’s Vicky Horub (OXY). Brad Smith gets an idea of what’s happening in crypto at Bitcoin Investor’s Day as Bitcoin (BTC-USD) faces wild price swings. Anthony Scaramucci, founder of Skybridge, and Anthony Pompliano of Pomp Investments gave their views on investing in this space.
Finally, in the season 2 premiere of Next, Madison Mills takes a closer look at how retailers are using artificial intelligence to combat organized theft.
video transcript
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Brad Smith: It’s been a great week for Yahoo Finance. I’m Brad Smith from Bitcoin Investor Day. We conclude with high-profile interviews and some key events that will move the market.
Anthony Pompliano: I think one of the beauties of Bitcoin is that the story is so simple. For the average person, all they need to do is save assets that have not declined in value.
Brad Smith: This morning’s top news is Nvidia’s big AI conference.
Daniel Howley: Expectations for Nvidia are very high. And the company will need to show Wall Street that its latest product has what it needs. Yahoo Finance is there to confirm it all.
Julie Hyman: I’m at CERAWeek, the S&P Global Conference. We had the opportunity to hear from several leaders across the sector. And one of those people is Darren Woods. He is the CEO of ExxonMobil. And he’s joining me now.
Darren Woods: I think if we keep an open mind and stay focused on the right problems, we can make a lot of progress much faster than we have in the past.
Jerome Powell: We are strongly committed to bringing inflation down to 2% over the long term.
Julie Hyman: Jay Powell spoke there after the Fed kept interest rates on hold. If you look at the market here, they seem to like it.
Sheena Smith: Reddit makes public debut on the New York Stock Exchange. This is the first major social media IPO since 2019.
Josh Lipton: Should investors see Reddit as an AI play?
Steve Huffman: I think they should look at Reddit as a community platform with many paths to success.
Madison Mills: In our upcoming episode, we’ll explore how retailers are investing in AI-powered technology to combat the existing theft problem.
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