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

Nvidia, a big name in tech, took a hit after its CEO, Jensen Huang, shared his thoughts on the AI race. He believes China might have the upper hand due to better rules and cheaper energy. This news made Nvidia's stock drop. It's interesting because China isn't even using Nvidia's top processors, which shows they might not be as crucial as some think. Meanwhile, President Trump didn't bring up Nvidia's Blackwell chips during his meeting with Chinese President Xi. Even though Nvidia can now sell its H20 chips to China, Chinese tech firms seem more interested in boosting their own tech.Lucid, an electric vehicle company, saw its shares dip after it lowered its production forecast. They delivered more cars this year, but their loss per share was bigger than expected. Their revenue grew, but not as much as predicted. Lucid's stock has been struggling, down over 40% this year. This is a big difference from other EV makers like Rivian and Tesla. Lyft, the ride-sharing company, had a mixed earnings report. They missed earnings estimates but beat expectations for bookings. Their revenue was as expected. Lyft's main rival, Uber, also reported earnings that beat expectations, but its stock still fell.