The Rundown - Nvidia Unveils New Products, UFC CEO Dana White Joins Meta’s Board

Episode Date: January 7, 2025

Stock market update for January 7, 2025. Follow our new Instagram account ⁠⁠⁠⁠@TheRundownDaily

Public.com presents the rundown. Your daily market update in five minutes. My name is Zadadmani, and today is Tuesday, January 7th. In today's episode, we go heavy on NVIDIA. They showed off a ton of stuff last night. We'll recap the best stuff and tell you how the markets are reacting. We'll also explain the big changes happening at Meta. They're updating their moderation policy and have a new member joining the board.

Then stick around to the end of the show to find out why Tesla stock. is down and how much money AI startups raised in 2024. All right, let's go. The stock market got off to a nice start this week. The S&P 500 added 0.6%. And the NASDAQ rallied 1.2% thanks to big gains in chip stocks and big tech stocks. One of the big winners yesterday was NVIDIA, which hit all-time highs for the first time in two months. Now, before we talk more about NVIDIA, I have to mention that the Dow yesterday,

pulled in Atlanta Falcons and blew a big time lead. The index was up 1% at one point yesterday, but finished the day in the red. Such a shame, but hey, another reason did not care about the Dow. Let's run through some headlines. And we have to start with Nvidia. NVIDIA showed off some new stuff last night at CES,

which is one of the biggest tech conferences of the year taking place in Vegas. NVIDIA's CEO Jensen Huang gave a keynote presentation on Monday night, and my man was in his bag, rocking his iconic leather jacket, talking about robots, self-driving cars, showing off some new gaming chips, and they got the crowd and investors height. Let's start with the gaming stuff,

because remember, before the whole AI thing took off a couple years ago, Nvidia's main business was selling graphics cards. Jensen showed off the latest generation of graphics cards, the G4s50, which is a graphics chip built using the company's Blackwell technology. These new chips will lean more heavily on AI to, anticipate what the next frame should look like and improve frame rates for games. Now, I'm not a big gamer outside of casual Xbox gaming, so I'm not really sure how big of a deal this is, but if you are a big time gamer, let me know what you think about that.

Now, this new chip's not going to be cheap. The flagship RTX 5090 will launch this month and cost about $2,000, but Nvidia is also launching a cheaper model in February at around $550. Now, beyond just the gaming chips, Nvidia also had some other announcements that were interesting. Like, Nvidia continues to develop technologies for autonomous vehicles. Jensen's very bullish on autonomous vehicles. He thinks there'll be the first multi-trillion dollar robotics industry. A hundred million cars built each year, a billion cars vehicles on a road all over the world,

a trillion miles that are driven around the world each year. That's all going to be either highly autonomous or, you know, fully autonomous coming up. And so this is going to be a very large industry. I predict that this will likely be the first multi-trillion. dollar robotics industry. And Nvidia is also working with Toyota and Uber to help build their next generation autonomous vehicles. And I'm super, super pleased to announce that today, Toyota and Nvidia are going to partner

together to create their next generation AVs. So pretty exciting stuff there. Also, Jensen showed off a $3,000 personal AI supercomputer. I'm not really sure what makes it so super, but honestly, it sounds cool and the crowd was hyped. So a lot of big announcements from Nvidia to kick off the year. Investors were loving it. The stock hit all-time highs yesterday, even before the speech,

and it's up another 2% in pre-market trading today. I mean, if this holds, Nvidia might take back the crown today from Apple as the most valuable company in the world. So we'll see. CES looks like so much fun. I've always wanted to go, and maybe we'll do a live podcast from there next year. Let's shift gears and talk about meta. The sixth largest company in the U.S. is shaking things up a bit.

They have a new person joining their board, UFC CEO, Dana White. Now, it's pretty well known that Zuck is a big UFC fan. His Instagram feed has a ton of post of him training with UFC fighters, but I don't think that's the reason why Dana is joining the board. I think it's a little more strategic. You know, the Trump administration has taken over the White House in about a couple weeks, and Dana White is buddies with Donald Trump. And he's joining the board at Meadow during a time where meta has been dealing with

scrutiny around political censorship. So I think Zuck is hoping that by having Dana White on the board, it might help navigate the next administration. And, you know, maybe they can do some sparring. after the board meetings. Now on top of that, this morning, Zuck posted a video on Instagram announcing some changes to META's content moderation policy.

META is going to be removing third party fact checkers and they're shifting to community notes, which is similar to what X does. Zuck said that fact checkers were too politically biased and community notes will be added in a few months. Meta's also gonna move their content moderation team from California to Texas. And the company's also gonna bring back political content

on its platforms, including Instagram, Facebook, and threads. So over the next couple of months, we're going to phase in a more comprehensive community notes system. Second, we're going to simplify our content policies and get rid of a bunch of restrictions on topics like immigration and gender that are just out of touch with mainstream discourse. What started as a movement to be more inclusive has increasingly been used to shut down opinions and shut out people with different ideas, and it's gone too far. So I want to make sure that people can share their beliefs and experiences on our platforms.

So pretty big changes at Meta. that meta. We'll see how it all plays out over the next few years. Let's talk about some stocks making moves today. Shares of Getty images and shutterstock are rising after the companies announced a merger. The combined company would be worth around $3.7 billion and it will remain publicly traded under the ticker symbol G E.T.Y. With Getty CEO still running the company. I'll be honest with you, I don't think I've used cheddar stock in like a decade. And as for Getty images, look, I don't want to incriminate myself, so I'm not going to say anything about them. But good for these companies, especially for the shareholders.

Shutter stock shares are up more than 26% on this news, while Gettys is up more than 41%. So the markets like this deal. Still needs to get regulatory approval, though. And on the flip side, Tesla shares are falling after Bank of America downgraded the stock to hold. The bank highlighted the risk of achieving full self-driving for the EV Giants 2025 Robotaxi plans.

Bank of America has a $490 per share price target for Tesla. Shares of Tesla are down around 2% this morning on this news. Let's wrap the show with a fun fact. AI startups raised a record $97 billion in 2024, as venture capitalists and big tech piled money into companies like OpenAI and Anthropic and Elon Musk's XAI, just to name a few. In fact, artificial intelligence companies accounted for nearly half of the $209 billion raised by American startups last year.

And on a global scale, the U.S. far outpaced the rest of the world in funding. European startups raised just over $61 billion and deals in Asia totally. old $76 billion. Seems like the easiest way to raise money these days is just to add the word AI into your name. I wonder what the most ridiculous non-AI AI company is out there. You know what I mean? Could I start like an AI diaper company? I'm sure I should get funding for that.

All right, guys. Well, that's the rundown for today. I hope you guys enjoyed today's episode. Pretty great start to the year so far. The stock market is up. Crypto is up. CES is in full swing. We got earning season right around the corner.

So a lot to look forward to. So make sure you guys are tuning in every day. Subscribe to the podcast. podcast, hit that notification bell if you want to be notified as soon as an episode goes up every morning. And if you have like 15 extra seconds, consider giving us a five-star rating on Apple, on Spotify, leave us a comment on Spotify, vote in today's Spotify poll, follow our Instagram account for clips and bonus content. All that engagement really does help us out and it helps other people find the show. And speaking of engagement, today is also my nine-year wedding anniversary.

So shout out to my wife, the best decision I've ever made, followed closely by investing in Apple nine years ago. Pretty close race for number one, but I think the wife wins this one. All right, thank you guys so much for listening. Shout out to Mike and Connor for all the help behind the scenes and we'll see you guys back here tomorrow. This is the rundown, your real-time resource for news events and trends in the markets. All views presented in the show reflect the opinions of the guests. You should not take any mention of a publicly traded security as recommendation to buy, sell or hold that security. Run-down guests are not financial advisors and are not affiliated with public holdings or its subsidiaries. You should make your own financial and investment decisions

or consult. Respective professionals. Learn more at public.com disclosures. In partnership with Zayid Mani. Brokage services for U.S. listed, registered securities are offered by Open to the Public Investing Incorporated, member FINRA and SIPC.