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Nvidia's Jensen Huang engaged in a significant dialogue with Mukesh Ambani at the NVIDIA AI Summit 2024 in Mumbai, focusing on the transformative impact of AI across industries. The conversation highlighted India's emergence as a global leader in AI, emphasizing its pivotal role in shaping the future.
Stocks continued to decline, with the Dow and S&P 500 marking a third consecutive losing day. American Airlines and Southwest Airlines are set to report earnings, with American up 22% and Southwest up 13% over the past three months. In the utilities sector, Entergy and Consolidated Edison reached all-time highs, while Honeywell is next to report in a week filled with industrial earnings. Microsoft and Nvidia are also in focus, with both companies showing significant gains this year.
Wall Street faced pressure as the Dow ended a three-session winning streak, influenced by rising 10-year Treasury yields and cautious Fed comments on interest rates. Notable earnings included strong performances from Danaher, GE Aerospace, and General Motors, while Apple is expected to guide below consensus for the December quarter. Meanwhile, Deckers Outdoor was downgraded due to concerns over growth moderation in its key brands.
Nvidia Corp. is set to announce its investment plans for Thailand during CEO Jensen Huang's visit to Bangkok in December, as the country emerges as a key location for AI data centers and component manufacturing in Southeast Asia. Thailand's Commerce Minister, Pichai Naripthaphan, confirmed the upcoming investment but did not disclose specific details or the amount.
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Nvidia's Jensen Huang and Mukesh Ambani Discuss AI's Impact on Industries
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08:57 22.10.2024
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