Tech Titans Tussle: AI, EVs, and Rideshares in Focus

Nvidia's Stock Drops Amid AI Race Concerns

Nvidia's CEO, Jensen Huang, shared insights on the AI race, suggesting China might have an advantage due to better regulations and cheaper energy.
Nvidia's stock dropped following the comments, despite China not using its top processors.
President Trump did not discuss Nvidia's Blackwell chips during his meeting with Chinese President Xi.
Chinese tech firms seem more focused on developing their own technology rather than relying on Nvidia's H20 chips.

Lucid, the EV company, saw its shares dip after lowering its production forecast.
Despite delivering more cars this year, its loss per share was larger than expected.
Revenue grew, but not as much as predicted, leading to a stock decline of over 40% this year.
Unlike Rivian and Tesla, Lucid continues to struggle in the market.

Lyft reported mixed earnings, missing earnings estimates but beating bookings expectations.
Revenue was in line with expectations, but the stock reacted negatively.
Uber, Lyft's main rival, also reported earnings that beat expectations, yet its stock fell as well.