Nvidia is making waves with a $100 billion investment in OpenAI, fueling excitement in AI and boosting its stock. Oracle is shaking things up too, fast-tracking leadership changes as its cloud business surges and shares climb. Meanwhile, Kenvue faces a steep decline amid alarming health reports. Disney's stock reacts to industry news, and there's a big real estate deal with Compass acquiring Anywhere for $1.5 billion. The discussions highlight both the dynamism of tech and the complexities of market reactions.
06:05
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Nvidia-OpenAI Deal Spurs Hardware Rally
Nvidia's planned investment in OpenAI electrified AI hardware demand and lifted the semiconductor group.
The deal is a letter of intent and its execution will determine long-term market impact.
insights INSIGHT
Oracle's Surge Tied To Cloud And TikTok Role
Oracle's accelerated leadership moves and cloud momentum drove a sharp stock rally, doubling the share price this year.
The company also benefits from ties to U.S. TikTok operations, adding perceived business momentum.
question_answer ANECDOTE
Hedge Fund Call Sparks Microcap Frenzy
Eric Jackson of EMJ Capital publicly said he was long Better Home, sparking extreme intraday moves.
The stock's small market cap amplified the reaction, briefly soaring over 175% intraday.
Get the Snipd Podcast app to discover more snips from this episode
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Matt Miller, Carol Massar and Tim Stenovec.
- Nvidia (NVDA) shares rallied on word it will invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run. The companies announced the agreement Monday, saying they’d signed a letter of intent for a strategic deal. The investment is meant to help OpenAI build data centers with a capacity of at least 10 gigawatts of power — equipped with Nvidia’s advanced chips to train and deploy AI models. Investors applauded the tie-up, sending Nvidia shares up 3.9% in New York trading. The stock has now gained about 37% this year, cementing the company’s status as the most valuable business on Earth.
- Oracle (ORCL) accelerated its succession plans for top leadership in recent months following a massive acceleration in its cloud business and stock market rally. In June, the software giant promoted two executives — Clay Magouyrk and Mike Sicilia — to president. At that time, the plan was to eventually elevate those leaders into co-CEO roles in a year or two, according to a person who asked not to be named discussing internal plans. The shares gained 6.3% to $328.15 at the close Monday in New York and have jumped 97% this year.
- Kenvue (KVUE) shares dropped to a record low today on the Washington Post's reporting that the President was planning to link its Tylenol brand of medication to autism. After the closing bell, President Trump did make the announcement, saying that pregnant women should avoid taking Tylenol due to a reported link between the active ingredient in the medication and autism.
Stock Movers