Wall Street Breakfast Boeing tumbles on reports of Air India crash
Jun 12, 2025
A tragic crash of an Air India Boeing jet draws attention to the company's stock struggles. Meanwhile, Nvidia and Samsung make headlines with their investments in a robotics startup. Chime Financial successfully prices its IPO to raise substantial funds. The podcast also explores recent stock movements, economic indicators, and emerging trends, keeping investors in the loop on critical market updates.
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Air India Boeing Crash Impact
- An Air India Boeing 787-8 crashed shortly after takeoff from Ahmedabad with about 242 people onboard.
- The crash led to Boeing's shares dropping 8% pre-market, showing market sensitivity to aviation incidents.
Robotics Software Investment Surge
- Nvidia and Samsung are investing minority stakes in Pittsburgh-based Skilled AI, a robotics software startup.
- A $100 million round led by SoftBank values Skilled AI at about $4.5 billion, showing strong interest in robotic software innovation.
Chime IPO Strong Start
- Chime priced its IPO at $27 per share, above the expected range, raising $864 million.
- The shares started trading on Nasdaq under the symbol CHYM, marking a strong market debut for the fintech company.