AI tools are transforming content creation, leading to significant advancements in the industry, including an Emmy-winning breakthrough, according to industry executives.
In financial news, the Nasdaq index recorded a 1.5% increase, gaining 277 points on Monday afternoon. This surge followed President Joe Biden’s announcement of his withdrawal from the presidential race and his endorsement of Vice President Kamala Harris as the Democratic nominee. Consequently, the Dow Jones Industrial Average and the S&P 500 also experienced gains of 0.3% and 1.1%, respectively.
In the realm of betting, the crypto-based platform Polymarket has backed Harris as the Democratic nominee, while PredictIt from New Zealand forecasts that she could become the 47th president of the United States.
On the tech front, shares of Nvidia rose by 4% following reports that the company is launching a version of its Blackwell AI chips for the Chinese market. Nvidia is collaborating with Inspur, a local distribution partner, and the new “B20” chip is expected to begin shipping by the second quarter of 2025.
Tesla’s stock climbed nearly 5% a day prior to its earnings report, where CEO Elon Musk is anticipated to update on the much-anticipated robotaxi unveiling. Musk revealed plans for low production of genuine humanoid robots for internal use by Tesla in the coming year and hopes for high production for other companies by 2026.
Meanwhile, cybersecurity firm CrowdStrike continues to recover from a significant outage, with a notable portion of the 8.5 million affected Windows devices having returned to operation. However, CrowdStrike’s stock faced a downturn, dropping over 13% in the afternoon trading session to around $263.
Lastly, Verizon’s stock fell nearly 6% following the release of its quarterly earnings report, where the company missed revenue estimates as consumers are opting to keep their old phones longer. Verizon reported second-quarter revenue of $32.8 billion, slightly below the expected $33.06 billion, although its earnings per share met analyst expectations at $1.15.
In summary, while various companies experience fluctuations in stock value due to recent announcements and market trends, advancements in AI and technology continue to offer a hopeful outlook for the future of content creation and innovation in the tech space.