Wall Street Breakfast Joby’s taking off
10 snips
Oct 29, 2025 Joby Aviation's stock rockets after teaming up with Nvidia to enhance autonomous flight tech. Nvidia edges closer to a historic market cap of $5 trillion, fueled by discussions with Xi. Meanwhile, food stamp benefits will be suspended as the USDA declares funding is depleted. Analysts express concerns over Starbucks' declining sales and highlight significant movements in other major tech stocks. Lastly, a market overview touches on commodities and economic indicators like pending home sales.
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Autonomous Flight Gets A GPU Boost
- Joby Aviation is partnering with NVIDIA to build a superpilot autonomous flight system using Blackwell-powered IGX Thor hardware.
- The system aims to process vast data in real time, match human pilot decisions, and predict maintenance needs before failures occur.
Nvidia Nears Unprecedented Valuation
- NVIDIA's pre-market pop lifted the stock toward an unprecedented $5 trillion market cap, driven by Blackwell chip momentum.
- Comments about a Trump-Xi conversation on the chip added to investor enthusiasm and a roughly 50% YTD rally.
SNAP Benefits Suspended Amid Shutdown
- The USDA announced SNAP benefits will be suspended starting November 1 as funds run out during the shutdown.
- Millions will be affected and Democrats in 25 states sued to force use of a $6 billion contingency fund reserved for emergencies.