Apple briefly tops Nvidia with $4.88 trillion market value
What's new: Nvidia later edged back ahead by the close, underscoring a tight race as investors reassess which AI bets will pay off.
Subject
#Artificial Intelligence
SK Hynix’s planned US listing drew demand more than 7 times supply
What’s next: The chipmaker is set to price the deal Thursday, in a sale that could raise about $24.5 billion to $28 billion.
Bloomberg, BBC News (World) +2
Nobel economist doubts AI can restore 1980s-style productivity boom
What's new: Christopher Pissarides said up to 40% of jobs in the US and UK may see little or no AI-driven productivity gain.
Tesla-SpaceX merger talk grows as Musk’s control limits challenges
Why it matters: Texas law makes shareholder suits harder, raising the odds Musk could push through a deal between his two biggest companies.
The New York Times, Bloomberg
CarMax drops 9% after profit beat as margins shrink under new CEO
What's new: First-quarter revenue rose to $8.01 billion, but gross profit per used vehicle fell $230 from a year earlier.
Bloomberg, CNBC
Stanford graduates walk out as Sundar Pichai gives keynote
What's new: Protesters cited Google's AI work and contracts tied to ICE, while others waved Palestinian flags during the ceremony.
BBC News (US & Canada), Fox News
SpaceX raises $75 billion in record IPO at $1.7 trillion value
What's next: Trading begins Friday, with index access expected within three weeks and demand from individual investors already topping $70 billion.
The New York Times, Bloomberg +3
Meta falls more than 5% on report of possible AI stock sale
What's new: Meta is weighing a share sale that could raise tens of billions, though the company said no banks have been hired and no deal is set.
Series: Meta · AI Funding Stock Sale · 3 chapters since Jun 6US job openings jumped to 7.6 million in April as hiring fell
What's next: Friday's May jobs report is expected to show 100,000 new jobs, with unemployment holding at 4.3%.
PBS NewsHour, CNBC +1