In the last 12 months, the company's market capitalization has grown by the value of Amazon, surpassing the economy of Canada. The company's ability to grow and produce cash flow is likened to gravity - fundamentals always come back. Analysts suggest that for NVIDIA to grow into its stock price, it needs to dominate another sector like it does with AI. Despite this, people tend to invest in meme stocks or proxies like Cisco, similar to the trend seen with AI investments in the late 90s.
Kara and Scott discuss the Department of Justice's antitrust suit against Live Nation, News Corp's $250 million deal with OpenAI, and Nestle's new frozen food brand aimed at Ozempic users. Then, Scarlett Johansson alleges OpenAI copied her voice after she refused to license it to Sam Altman, though new reporting says a voice actress was hired months earlier. How does OpenAI move past these accusations, and regain trust? Plus, Nvidia shares blockbuster earnings, while Trump Media's numbers are lackluster. Finally, our Friend of Pivot is Julia Angwin, CEO and founder of Proof News, and a contributing opinion writer for the New York Times. Julia shares why she thinks AI hype is overblown, and why she opposes the TikTok ban.
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