Artificial intelligence tools are making significant strides in content creation, including an Emmy-winning achievement, according to industry executives. Meanwhile, the stock market saw a boost, particularly the Nasdaq, which surged by 1.5%—an increase of 277 points—following President Joe Biden’s withdrawal from the presidential race and his endorsement of Vice President Kamala Harris.
In the realm of political predictions, the betting platform Polymarket favors Harris as the Democratic nominee, while PredictIt anticipates her potential to become the 47th president of the United States.
In tech news, Nvidia’s stock rose by 4% after reports indicated the company is planning to develop a new version of its Blackwell AI chips for the Chinese market. Collaborating with the local partner Inspur, Nvidia is set to launch the chip, dubbed “B20,” with shipments expected to start in the second quarter of 2025.
On the automotive front, Tesla’s shares increased nearly 5% ahead of its upcoming earnings report. Elon Musk indicated that the company aims to unveil useful humanoid robots for internal use next year, with hopes for broader production by 2026.
Conversely, CrowdStrike is facing challenges following a significant global tech outage attributed to its services. The company reports that a substantial number of the 8.5 million affected Windows devices are gradually coming back online, though its stock fell over 13% as it continues to manage the situation.
In the telecommunications sector, Verizon shares dropped nearly 6% after its earnings report revealed that the company’s revenue fell short of expectations. The trend of customers prolonging their use of older phones has negatively impacted upgrade rates, contributing to lower-than-expected quarterly revenue of $32.8 billion against the anticipated $33.06 billion. Despite this, Verizon’s earnings per share matched expectations at $1.15.
Overall, while some companies are navigating challenges, the advancements in AI and technology demonstrate resilience and potential for growth in the market. These developments may signal a promising future for innovation across various sectors.