Nvidia uncertainty, autonomous trucking: Asking for a Trend

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Nvidia News

Raquel Urtasun,Autonomous Driving,Susan Collins

Nvidia (NVDA) shares continued to slump toward the end of Friday's trading day, with the S&P 500 (GSPC) following that downturn. WAABI CEO Raquel Urtasun...

WAABI CEO Raquel Urtasun joins the show to discuss the company's efforts to leverage generative AI for autonomous driving, especially for commercial-grade trucks. TheHello and welcome to asking for a trend.And for the next half hour, we'll be breaking down the trends of today that will move stocks tomorrow.So we're focusing on what you need to know to get ahead of the curve.

Um And this gives uh you know, the system, the abilities to really generalize to the unknown, which is fundamental when you bring you gonna bring this type of technology to the physical world.It's very efficient in terms of computation on the vehicle and it's provably safe. Uh So we partner with the O EMS and then uh you know, our technology can be very robustly uh deployed in the physical world.

And, and, you know, the um you know, the problem has been really that uh you know, the approaches that the industry had utilized to solve south driving were, were very fine engineered were actually not scalable uh that really had difficulty generalizing to the unknown. And uh you know, all the, you know, different things that we have seen from other companies afterwards.And this is not possible prior to this technology.

Finance Jar is here with more of his trading day takeaways and we start with record tla which is so interesting to me because you wouldn't know by the price action this week. And then finally we talk about, we gotta, I mean, it's gotta be NVIDIA is, does NVIDIA do, are we like, as Josh likes to joke, we are contractually obligated to speak about NVIDIA on the show.That is, that is a Parabola if I've ever seen one, but I wanna focus on the price action here.We got that big red candle and then we kind of backed and filled for a few months.

The FED has held rates at a 23 year high in the range of five and a quarter to 5.5% for nearly a year as it tries to tame inflation.Has inflation cooled enough from its pandemic highs to start cutting rates.And that means looking at a wide range of data in June, the Federal Reserve opted to hold interest rates steady in the battle to bring down inflation.

Seeing a renaissance Collins started her day hearing from a local group of bankers and real estate developers who discussed how investments made in refurbishing low income neighborhoods have fueled the local economy's redevelopment over the past 10 years.She went on to hear about the impact inflation is having on local businesses and the desire for lower rates, the cost of living is getting out of control and the rent is something.

 

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