Nvidia ‘s $100 billion mega investment in OpenAI was hailed as a sign of artificial intelligence’s momentum as the chipmaker’s rally continued to boost the broader stock market to a record, but seasoned investors said the move looked more like a troubling echo of past bubbles. The chipmaker said it will invest up to $100 billion in OpenAI as the AI lab sets out to build hundreds of billions of dollars in data centers based around Nvidia’s AI processors. Nvidia shares jumped nearly 4% on Monday following the announcement, lifting the S & P 500 to another all-time high. However, some…
Author: usaeverydaylife
Four times a year, public companies provide an in-depth look at their financial performance — and drilling into those figures is one of investors’ most important jobs. But making sense of them isn’t always easy. One big reason for confusion is that companies have some leeway on the specific metrics they highlight. In particular, we’re talking about the “adjustments” that get made to metrics such as earnings per share and operating margin. This often shows up in earnings releases as GAAP versus non-GAAP results. It’s fair for investors to ask: What’s the difference between GAAP and non-GAAP? Should investors care…
People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021.Nicholas Kamm | AFP | Getty ImagesAmazon plans to close all of its Fresh supermarkets in the U.K., in the latest recalibration of its grocery strategy.The company said in a Tuesday blog that it’s preparing to close all 19 of its Fresh U.K. stores, “following a thorough evaluation of business operations and the very substantial growth opportunities in online delivery.” Five of the Fresh locations are expected to be converted into Whole Foods stores, Amazon said.Amazon opened its first Fresh location outside the U.S. in London in…
Chicago Federal Reserve President Austan Goolsbee expressed caution Tuesday about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market.While he joined the rest of the Federal Open Market Committee last week in voting to cut the central bank’s key borrowing rate, he told CNBC that further moves would depend on economic progress.”I’m OK with moving to be in a better spot, and I think eventually, at a gradual pace, rates can come down a fair amount if we can get this stagflationary dust out of the air,” he said during…
Today’s setup is LULU (Lululemon) . On Sept. 4, the company beat EPS, but sharply cut full-year revenue guidance — triggering a classic knee-jerk selloff of nearly 22% in one day. After tagging a five-year low, the stock has been quietly basing and is starting to show signs of a recovery. For this trade, I’m consulting three technical indicators to build the case. RSI (Relative Strength Index) I’m starting with a classic technician’s tool: RSI. On LULU, RSI dipped into oversold territory on Sept. 5 and recently pushed back above the 30 level on Sept. 17. That transition out of…
U.S. President Donald Trump walks with Marine One in the background, as he departs for New York City to attend the 80th United Nations General Assembly, at Joint Base Andrews, Maryland, U.S., September 22, 2025. Al Drago | ReutersPresident Donald Trump on Tuesday appeared to cancel a planned meeting this week with the two top Democrats in Congress, just days before the federal government is set to shut down. “After reviewing the details of the unserious and ridiculous demands being made by the Minority Radical Left Democrats in return for their Votes to keep our thriving Country open, I have…
Sam Altman, CEO of OpenAI (L), and Jensen Huang CEO of Nvidia.ReutersABILENE, Texas – Sam Altman had a deadline. OpenAI’s CEO was headed to Texas to unveil his company’s next big infrastructure push, and Nvidia CEO Jensen Huang wanted in on the action.Through a series of hurried negotiations, late-night calls and last-minute contract tweaks, the two giants of artificial intelligence struck a $100 billion partnership on Monday, hours before Altman boarded his flight to Abilene, a city of about 130,000 residents roughly 180 miles west of Dallas.It helped that Huang and Altman had been part of President Donald Trump’s state…
In this photo illustration, the logo for E-Trade, the online trading platform owned by Morgan Stanley, is shown on the company’s website on May 13, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesMorgan Stanley is months away from offering crypto trading to retail customers through its E-Trade division as the Wall Street giant embraces what it called a transformative moment for the wealth management industry.The firm is working with the startup Zerohash — which Morgan Stanley also took an investment stake in — for liquidity, custody and settlement around crypto trading, according to a memo obtained by CNBC.”We are well…
Prediction markets are fueling Robinhood’s growth, with sports betting already bringing in roughly $200 million to the trading platform, according to Piper Sandler. The investment firm, which has an overweight rating on Robinhood, raised its price target on the exchange to $140 from $120, implying upside of 12%. “Prediction markets (aka event contracts) present significant upside opportunity for Robinhood,” analyst Patrick Moley said in the note to clients. Trading platform Kalshi, which embeds some of its event contracts into Robinhood, is on track to notch record monthly betting volumes in September, partially due to its roll out of NFL and…
The Chinese electric car manufacturer BYD presents its models at the Open Space Area during the IAA Mobility in Munich, Bavaria, Germany, on September 12, 2025. Eyeswideopen | Getty Images News | Getty ImagesBYD has a backup plan if it gets cut off from the Nvidia chips it currently uses in its cars, a top executive at the Chinese electric carmaker told CNBC on Tuesday.Stella Li, executive vice president at BYD, said the company had not received any directive from the Chinese government to stop using Nvidia chips — but if it did, it has a plan B.”Everybody has a…
