The Rundown Google Unveils New AI Products, Nvidia's CEO Criticizes U.S. Chip Export Restrictions
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May 21, 2025 Delve into the latest turmoil in the stock market with rising bond yields impacting borrowing costs. Explore Google's announcement of new AI features and the mixed reactions from investors concerned about traditional advertising's future. Discover NVIDIA's CEO voicing criticism over U.S. chip export restrictions to China, which may be inadvertently bolstering Chinese AI progress. Also, check out stock movements, with Lowe's shares rising while Target sees a decline.
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Impact of Rising Treasury Yields
- Rising US Treasury yields increase borrowing costs broadly across the economy.
- This drives up mortgage and loan rates, freezing the housing market and impacting companies like Home Depot.
Investor Worries on Google's AI Search
- Google unveiled AI Mode, a conversational search replacing traditional blue links.
- Despite innovation, investors worry it may cannibalize Google's lucrative ads business, causing stock to drop.
NVIDIA CEO on Export Restrictions
- NVIDIA CEO Jensen Huang criticized US chip export restrictions to China as a failure.
- Restrictions pushed China to boost domestic AI chip production, eroding NVIDIA's market share from 95% to 50%.