The Rundown Apple Spooks Google with AI Search Claims, Nvidia Scores Big Win from Trump Administration
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May 8, 2025 The podcast dives into the recent Federal Reserve meeting and its impact on interest rates. There's an intriguing discussion on Google's stock struggles amid changing partnerships with Apple. President Trump's critiques and potential trade deals with the UK stir up the market, while Nvidia benefits from new AI chip policies. In a surprising twist, Russell Westbrook launches an AI-driven funeral app, merging sports with tech in an unexpected way. The dynamics of the stock market and tech industry's future unfold in this lively conversation.
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Fed Maintains Cautious, Hawkish Stance
- The Fed is holding interest rates steady and maintaining a wait-and-see stance amid solid economic data.
- Consumer spending remains strong, leading to no immediate rate cuts and a hawkish Fed tone.
Apple Challenges Google's Search Dominance
- Apple's admission that Safari search volumes dropped is a clear sign AI tools are eating into Google's search dominance.
- Switching Safari to an AI-powered search engine could threaten Google's $200 billion search business significantly.
Trump Shifts AI Chip Export Policy
- The Trump administration plans to scrap Biden's AI chip export restrictions, moving towards bilateral trade deals.
- This benefits Nvidia but maintains strict measures against China, targeting chip rerouting as well.