The Rundown Nvidia Stabilizes After Historic Rout, JetBlue Shares Tank 25%
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Jan 28, 2025 The podcast dives into the recent drastic decline in tech stocks, led by the AI app DeepSeek, causing a staggering $1 trillion market loss. It also covers Nvidia's stabilization and earnings expectations from industry giants like Tesla and Apple. Boeing’s $4 billion loss and the impact of a machinist strike are explored alongside Whole Foods' historic unionization. Additionally, it examines cruise line successes, particularly Royal Caribbean, while highlighting JetBlue's significant challenges with rising costs and operational changes.
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DeepSeek Impact
- Tech stocks plummeted after the release of DeepSeek, a Chinese AI app.
- This caused a trillion-dollar loss in the market, primarily impacting AI chip makers like Nvidia.
Boeing's Struggles
- Boeing reported its sixth consecutive annual loss, totaling $11.8 billion.
- This comes despite 2024 being projected as a turnaround year, hampered by various crises.
Whole Foods Unionization
- Whole Foods employees in Philadelphia voted to unionize, a first for the Amazon-owned chain.
- This follows other Amazon workers joining unions, signaling growing union pressure.