On today’s show, stocks in Asia jumped as investors returned to the AI trade. Shares in the world’s most valuable company slipped after Nvidia’s sales forecast failed to meet the loftiest expectations. CEO Jensen Huang touted progress in diversifying the chipmaker, saying so-called physical AI will bring a colossal new opportunity.
After months of speculation, SpaceX has filed publicly for what would be the biggest-ever IPO. The documents reveal a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. There’s also a super-voting share plan that would allow Elon Musk to keep the company under his control. (Source: Bloomberg)
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