Table of Contents

• U.S. Stocks

• Meta

• Nvidia

Top Stories Today

Economy & Finance

U.S. Stocks

The Nasdaq Composite reached a record high on Friday, largely driven by gains in major tech stocks, while the Dow and S&P 500 saw slight declines. Key tech players like Nvidia, Meta, Amazon, and Microsoft added to market strength, anticipating solid earnings. HCA Healthcare and Colgate-Palmolive faced losses due to lowered guidance, partly from hurricane impacts on operations. Meanwhile, the 10-year Treasury yield ticked up slightly after hitting recent highs, introducing some market caution. While earnings have shown resilience, rising bond yields are causing mixed sentiments among investors, creating uncertainty about the equity market’s near-term direction.

Technology

Meta

Meta has formed a new partnership with Reuters to enhance its AI chatbot’s ability to answer real-time news and event questions. This deal, which compensates Reuters for licensed content access, allows Meta AI on platforms like Facebook, Instagram, and WhatsApp to provide users with reliable news summaries and links. Meta’s collaboration follows similar moves by other AI companies, such as OpenAI, to license news content, though financial details remain undisclosed. This development comes as Meta has scaled back news content on its platforms amid past regulatory concerns and revenue-sharing debates.

Nvidia

Nvidia has briefly overtaken Apple as the world's most valuable company, driven by soaring demand for its AI-focused chips. Its stock touched a $3.53 trillion market value, edging past Apple's $3.52 trillion before closing with a slight drop. Nvidia's dominance in AI processors, coupled with steady tech sector performance, has solidified its status as a leader, especially as more companies incorporate AI into operations. Bolstered by major investor interest and optimism for long-term AI growth, Nvidia’s stock has surged nearly 190% this year, making it a major influencer in the tech-heavy S&P 500.

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