The Rundown AMD Bets on AI Drug Discovery, Quantum Computing Stocks Tumble
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Jan 8, 2025 Recent market trends reveal a dip in major stock prices and rising treasury yields causing investor anxiety. AMD is making strides in AI-driven drug discovery, while Anthropic raises funds amid fierce competition with ChatGPT. The podcast also highlights a significant decline in quantum computing stocks. On a lighter note, Chick-fil-A introduces a lemon-squeezing robot factory, showcasing the fast food industry's leap into automation for efficiency and safety.
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Nvidia's Stock Drop
- Nvidia's stock dropped 6% after reaching all-time highs.
- Zayda Admani jokingly blames herself for jinxing the stock.
Treasury Yields Impact
- Rising treasury yields can impact the stock market.
- Investors move money from stocks to bonds for better returns.
AMD's Investment
- AMD invested $20 million in AppSci, a generative AI drug discovery company.
- AppSci will use AMD's AI chips, potentially boosting AMD's presence in healthcare.