The Rundown Apple's WWDC Event Kicks Off, Meta Makes $10B Investment in Scale AI
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Jun 9, 2025 Delve into the stock market's latest developments ahead of Apple's highly anticipated WWDC and Meta's ambitious $10 billion investment in AI. Discover how recent corporate strategies are impacting stock reactions. The discussion also covers the S&P 500's influence on stocks and reveals surprising trends in web traffic, with ChatGPT outpacing Wikipedia. End with a teaser for an upcoming deep dive at NASDAQ studios and an invitation for listener questions!
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Market Rally Drivers
- Stock markets have rallied significantly since April 8th, rising over 20% and nearing all-time highs.
- Strong hiring and robust corporate earnings are key drivers behind this upward momentum.
Apple's AI Challenges
- Apple's AI progress faces scrutiny as many features remain unlaunched, leading to investor disappointment.
- Analysts predict it will take Apple three years to catch up with AI leaders like Google and OpenAI.
Meta's AI Bold Moves
- Meta plans to invest over $10 billion in Scale AI, marking its biggest external AI investment.
- Meta is heavily committed to AI, with projects spanning defense partnerships and a billion-user AI chatbot.