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Rumble Bets On Bitcoin With New Treasury Strategy, CEO Calls It An 'Excellent Addition'
nvidia brings a new AI model that "disrupts" the audio industry: it can create music and modify vocals.
nvidia has developed a new AI model Fugatto, which can create sound effects, change pronunciation, and generate music with natural language prompts. Fugatto can synthesize speech, add sound effects to music, and is considered as a complement to video and image generation models.
U.S. stocks closed higher with all three major indices rising. The Dow, S&P, and Russell 2000 all hit record highs, while nvidia fell more than 4% against the market; bitcoin fell below $93,000, while microstrategy dropped more than 4%.
Funds continue to flow out of the technology sector, rotating into cyclical stocks. The Dow rose more than 400 points, while the Russell small cap stocks rose by 2.5% at one point. The S&P hit a new intraday high before narrowing its gains. Nvidia dropped over 4% to a three-week low, Tesla fell by nearly 4%, Nio dropped by 3.6%, but Alibaba rose by nearly 3%.
Will challenge Trump and Musk's 'gun lying'? California's electric vehicle subsidy program will exclude Tesla.
California plans to provide state subsidies to local electric vehicle buyers if Trump cancels federal government subsidies after taking office next year. However, the subsidies will exclude popular electric vehicle models from Tesla to create market conditions for more auto manufacturers to establish themselves.
US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.
1. The Nasdaq China Golden Dragon Index rose by 0.44%; 2. Bitcoin fell back, MicroStrategy fell by over 4%; 3. International oil prices plummeted, ConocoPhillips fell by 5%; 4. California plans to introduce subsidies for electric vehicle purchases, with Tesla being excluded.
No Rebate for You! California's Newsom Excludes Tesla From ZEV Credit