Stock Market Nerd – Market Headlines – March 23, 2024

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Stock Market Nerd – Market Headlines – March 23, 2024

  • Tesla is cutting Chinese production amid weaker demand.
  • Amazon’s AWS will feature Nvidia’s newest Grace Blackwell 200 (GB200) superchip, extending the close collaboration between the two firms. Amazon may be working on its own chips, but it will also continue to lean heavily on Nvidia’s. Blackwell is Nvidia’s upgrade to the Hopper series. Amazon also extended its Accenture partnership to help their clients use and scale GenAI.
  • Uber settled a lawsuit with Australian cab drivers. Minneapolis also seems poised to walk back the restrictive regulation we discussed last week following Lyft & Uber both exiting that market.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

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