The Rundown Nvidia is Developing AI Chip for Robots, Boeing Slumps After Deadly Jeju Air Crash
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Dec 30, 2024 The podcast dives into NVIDIA's latest leap in AI with the Jetson Thor chip designed for robotics, sparking discussions about the future of humanoid robots. It also tackles the legal showdown facing TikTok, adding drama to the tech landscape. On the stock market front, the tragic Jeju Air crash casts a shadow over Boeing's shares while raising questions about consumer debt and potential economic shifts ahead. The holiday retail sales and Tesla’s delivery reports provide a refreshing counterpoint in the market's turbulent waters.
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Stock Market Performance 2024
- The stock market had a strong year in 2024, with the S&P 500 up 25% and the Nasdaq up over 31%.
- These gains occurred despite markets only being open for three and a half days during the final week of the year.
Key Market Events
- Investors should keep an eye on retail sector data, especially holiday spending reports, in the coming week.
- Tesla's Q4 car delivery report, due Thursday, is a crucial event to watch due to the stock's recent surge.
NVIDIA's AI Robot Chip
- NVIDIA is developing an AI chip for robots called Jetson Thor, aiming to capitalize on the growth of AI and robotics.
- They believe the "Chat GPT moment" for robots is imminent, despite current robotics being a small part of their revenue.