Oil Rally Rolls On Amid Mideast Tensions, OpenAI's $157B Valuation, Nvidia CEO on AI's New Wave 10/3/24

Carl Quintanilla, Scott Wapner and Michael Santoli discussed a number of issues the stock market has been trying to digest: From ongoing Mideast tensions which continue to boost oil prices –  to the labor market ahead of Friday's key September jobs report. Lots of AI news in the mix: OpenAI's valuation surges to $157 billion after a major fundraising round, what Nvidia CEO Jensen Huang told CNBC about AI's next wave, Google CEO Sundar Pichai told Japan's Nikkei the company is considering  nuclear plants as sources of electricity to power its AI projects. Also in focus: The China stimulus rally fizzles for the likes of Alibaba and Baidu, Levi Strauss tumbles on a guidance cut and weighs selling its Dockers brand, Tesla talk, Amazon's holiday hiring, Miami Dolphins owner Stephen Ross nears a stake sale.

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