Nvidia shares continued to decline on Friday, dragging the S&P 500 down with them. WAABI CEO Raquel Urtasun discussed the company’s use of generative AI for autonomous driving, securing $200 million in funding from investors such as Uber, Nvidia, and Volvo. Yahoo Finance reporter Jared Blikre analyzed market trends, including rising oil prices. Jennifer Schonberger interviewed Boston Federal Reserve President Susan Collins on potential Fed decisions and the economy.
Urtasun explained how WAABI is revolutionizing autonomous driving with an AI-first approach that is data-efficient, safe, and adaptable to real-world scenarios. She emphasized the company’s focus on integrating its software with OEM sensors for easy deployment. Urtasun also revealed plans to expand beyond trucks to other types of robots.
Blikre highlighted Nvidia’s recent stock performance, noting a bearish engulfing pattern that could signal a potential buying opportunity in the future. He also discussed the rise in oil prices and the record high in the XL E index.
Collins shared insights into the Fed’s decision-making process, emphasizing the importance of data-driven analysis and real-world feedback from businesses and consumers. She expressed optimism about the economy’s resilience but acknowledged the risks of delaying rate cuts for too long.
Looking ahead, investors should watch for the latest PCE data, Fed officials’ commentary, and earnings reports from companies like FedEx and Nike. Additionally, the first debate between President Joe Biden and former President Donald Trump for the 2024 presidential race is scheduled for Thursday. Stay tuned for more market updates on Monday’s “Asking for a Trend.”
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