Investors ignore Nvidia as an across-the-board global rally in stocks gets underway

A proposed ASEAN power grid aims to enhance the export of green energy across Southeast Asia, promoting regional cooperation and addressing energy needs. Despite the high costs associated with its development, the grid is seen as a crucial step towards harnessing the region's renewable energy potential.

Thousands of Americans are engaging in discussions on TikTok regarding the definition of 'middle class' as they comment on home tours that showcase what is considered an 'average' or 'normal' home. This debate highlights the varying perceptions of social class among the American population.

Campbell's has terminated executive Martin Bally following the emergence of a leaked recording in which he disparaged customers by labeling them as 'poor' and criticized 'bioengineered meat.' The comments, made by a now-former employee, have sparked significant outrage and prompted an investigation into the company's practices.

Nobel laureate Paul Krugman has linked the recent collapse of Bitcoin to the diminishing influence of former President Donald Trump, suggesting that this downturn represents the unraveling of what he terms the 'Trump trade.' The Trump family has reportedly lost around $1 billion amid the cryptocurrency's decline over the past month.

OpenAI is projected to face significant financial challenges, with HSBC estimating that the company will not turn a profit by 2030 and will require an additional $207 billion to support its growth plans. This situation raises concerns about the sustainability of its business model in a competitive AI landscape.

The latest Market Talks provide insights on major players in the Technology, Media, and Telecom sectors, including Telus, Alibaba, Nvidia, and Oracle, reflecting current market trends and company performances.

Nvidia's stock has seen a significant decline, losing nearly $200 billion in market capitalization over the past week, prompting concerns among traders about the sustainability of the AI boom. Jim Cramer has made a blunt call regarding the stock, reflecting the heightened anxiety in the market.

Dan Ives of Wedbush Securities has characterized Nvidia as the 'Rocky Balboa champion' of artificial intelligence, emphasizing the company's ability to meet soaring demand despite competition from Google. Ives expressed confidence in Nvidia's market position during an appearance on Bloomberg Surveillance.