The Rundown Nvidia Plans to Release New H20 Chip in July, Sweetgreen Tanks on Weak Guidance
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May 9, 2025 In this episode, the hosts discuss the latest market dynamics influenced by trade deals and NVIDIA's AI chip innovation. They examine the contrasting fortunes of Liv and Sweetgreen, showcasing Liv's impressive rebound amid disappointing earnings. There's a light-hearted take on the historic election of the first American pope, coupled with a peek into the Vatican's financial challenges. Investors will find insights into cryptocurrency trends and the changing landscape of corporate earnings that are reshaping market sentiment.
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Trump's Trade Deals Impact Markets
- Trump announced a trade deal with the UK, but tariffs still remain substantial, indicating limited immediate relief.
- Rumors of a China trade deal could cut tariffs drastically, fueling bullish investor sentiment.
Nvidia Tweaks AI Chip for China
- Nvidia is modifying its powerful H20 AI chip to a less powerful version to continue selling in China.
- This tweak prevents revenue loss in the Chinese market despite stringent export controls.
Coinbase's Q1 Struggles and Strategy
- Coinbase's Q1 revenue and income dropped due to decreased trading volumes amid a weak crypto market.
- The company aims to grow by acquiring a crypto derivatives exchange to diversify beyond spot trading.