The Rundown Tesla Abandons Dojo Program, Sweetgreen Tanks as Sales Plunge
19 snips
Aug 8, 2025 Explore the shifting tides of the stock market with a focus on the S&P 500 and the impact of tech stocks' AI enthusiasm. Learn how NVIDIA and Tesla are shaping AI advancements, while Sweetgreen grapples with sales declines amidst Instacart's soaring success. The contrast between a flourishing firm and Sweetgreen's challenges mirrors classic market dynamics. Plus, discover potential changes to 401k investment options that could broaden access to alternative assets in a changing economic landscape.
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Market Is Extremely Top-Heavy
- A handful of mega tech companies now drive most of the S&P 500's gains.
- That 34% tech share creates a top-heavy market similar to the dot-com peak.
NVIDIA Holds Market Sway
- NVIDIA's earnings can move the whole market quickly given AI concentration in tech indexes.
- Investors should monitor NVIDIA's upcoming August 27 report for signs of market vulnerability.
Dojo Engineers Form Density AI
- About 20 Dojo engineers left Tesla to start a new AI startup called Density AI.
- Team lead Peter Bannon also departed while remaining staff were reassigned inside Tesla.