This week, the technological and financial world saw several big news stories, from Elon Musk’s reaction to Nvidia’s growing market cap to the performance of Nvidia in the first quarter. Musk was amazed by Nvidia’s market capitalization surpassing the entire German stock market and the GDP of 96% of the countries in the world, commenting with a simple “Wow.” This milestone showcases Nvidia’s dominance in artificial intelligence and graphics processing. In addition, Michael Burry, known for his role in “The Big Short,” identified Nvidia and Advanced Micro Devices as excellent investment opportunities in AI, while also recognizing Apple as a “hidden” player in the AI space. These insights from Burry are attracting investors looking to capitalize on the rise of AI.
Elon Musk also expressed concerns about the impact of social media on children, stating that kids are being “programmed by dopamine-maximizing AI” due to the algorithms on social networks. This has sparked a broader conversation about the ethical implications of technology in young people’s lives. In a surprising move, Musk suggested that consumers should switch to Linux for their desktop computers, reigniting the debate about which operating systems are best for personal use.
Nvidia’s strong performance in the first quarter exceeded expectations, leading to a 150% dividend increase and a 10-for-1 stock split announcement. This has further solidified Nvidia’s position as a leader in the technology industry, particularly in AI and graphics processing. Investors are keen to see how these changes will impact Nvidia’s stock in the future.
Overall, these stories highlight the rapidly evolving landscape of technology and finance, with key players like Elon Musk and Nvidia making waves in the industry. As the world continues to embrace AI and digital advancements, it’s crucial for investors and consumers to stay informed about the latest developments shaping the future of technology.
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https://www.benzinga.com/news/24/05/39022416/elon-musk-reacts-to-nvidias-soaring-market-cap-big-short-michael-burrys-ai-picks-and-nvidias-strong
