WEEK OF DECEMBER 16, 2024
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What’s Moving The Markets?
Google's Quantum Breakthrough
Google (GOOGL) has made a breakthrough in quantum computing with its new Willow chip, solving a complex problem in five minutes that would take a classical computer a billion years, marking a significant step toward practical quantum machines.
Meta Unveils New AI Model Meta
Meta (META) announced the release of its AI model, Meta Motivo, designed to enhance Metaverse experiences with human-like avatars, while also investing heavily in AI and augmented reality, introducing tools like the Large Concept Model and Video Seal.
US Inflation Rises to 2.7%
US inflation rose to 2.7% in November 2024, marking the second consecutive monthly increase and complicating the Federal Reserve’s decision on an expected rate cut, as economists predict a return to the 2% target by 2025.
Microsoft Backs $9B Renewable Energy Push
Acadia Infrastructure Capital, Microsoft (MSFT), and others have launched the Climate and Communities Investment Coalition to accelerate $9 billion in renewable energy projects, aiming to deliver 5 GW of clean power with social and community benefits.
China Launches Probe Into Nvidia
China has launched an anti-monopoly probe into Nvidia (NVDA), citing alleged violations tied to its Mellanox acquisition and broader trade tensions with the U.S., amid escalating restrictions on chip exports and technological competition.
Microsoft Rejects Bitcoin Investment Proposal
Microsoft (MSFT) shareholders have rejected a Bitcoin investment proposal championed by MicroStrategy (MSTR) CEO Michael Saylor, signaling the tech giant’s decision to forgo adding cryptocurrency to its $78.4 billion treasury and sparking curiosity about competitors’ next moves.
EARNINGS RELEASE CALENDAR
FOR WEEK OF DECEMBER 16th
Economic Data Calendar
