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Stock futures remained mostly unchanged as investors awaited Nvidia"s quarterly earnings report, with Dow futures up 56 points and Nasdaq 100 futures slightly higher. Nvidia shares rose nearly 5% in anticipation of strong demand for its Blackwell AI chips, which could influence market trends for the S&P 500 and Nasdaq Composite. Additionally, Comcast plans to spin off its cable networks, including MSNBC and CNBC, with the separation expected to take about a year.
Reddit celebrated its IPO on the NYSE, marking a profitable third quarter with a net income of $29.9 million, a significant turnaround from a loss last year. Alphabet also exceeded expectations, driven by a 35% revenue increase in its cloud division. Meanwhile, European banks reported strong profits, and markets showed mixed results amid concerns over Chinese EV stocks following new EU tariffs.
Reid Hoffman, co-founder of LinkedIn, presented his "super agency" vision at the TED AI conference, framing AI as a tool for human empowerment rather than a job replacer. He acknowledged concerns about AI's impact on jobs and misinformation but emphasized that the real divide will be between those who embrace AI and those who do not. Hoffman also criticized the rightward shift among tech leaders, hinting at self-interested motives behind their political support.
Julia Boorstin
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tock futures steady as investors await nvidia earnings report
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00:02 20.11.2024
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08:30 30.10.2024
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23:36 25.10.2024
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