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Top stories today:
- Trump joins TikTok, reaches 3.4M followers, as he now opposes ban
- GameStop stock +84% pre-market after $181M position post on Reddit
- NVIDIA announces Blackwell Ultra chip for 2025, Rubin for 2026
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Trump joins TikTok, reaches 3.4M followers, as he now opposes ban
Biden HQ account has 0.3M, as Biden does not have a personal, direct account.
Trump tried to ban TikTok in 2020 via an executive order, but a court granted a preliminary injunction to stop it.
Now Trump opposes the ban, having argued that it would give Mark Zuckerberg too much power.
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3. GameStop stock +75% pre-market after $181M position post on Reddit
Stock jumping near its May high, which happened after the same Redditor posted on X after a 3-year hiatus:
Keith Gill, who goes by DeepF******Value and Roaring Kitty, hadnāt posted on Reddit since 2021
Wed after close: Q1 earnings to be reported.
4. NVIDIA announces Blackwell Ultra chip for 2025, Rubin for 2026, as it highlights fast pace of improvements
5x increase in TFLOPs in 2 years since 2022, similar to the 6x increase between 2020 and 2022, even faster than Mooreās Law, which predicts a 2x increase in transistors every 2 years:
No details on the 2025/2026 chips were provided.
NVIDIA also demoed its AI assistant for gaming Project G-Assist
No launch date announced.
Asus and MSI are bringing the 1st gaming laptops with Microsoft Copilot Plus PC features.
5. Dr. Pepper flips Pepsi as #2 most popular soda in U.S., behind Coke
6. Interesting videos, posts, and memes
7. Other headlines
AI
AMD says new AI chip, launching in Q4, will best NVIDIAās H200.
Meta using user data to train AI, as EU citizens can opt out.
ElevenLabs launches new text-to-sound tool Sound Effects.
Elonās fight with Yann LeCun on X: deep dive.
Googleās AI Overviews likely to reduce traffic to news publishers.
Tech
Sam Altman controls $2.8B in VC investments.
Shein to file for Ā£50B London IPO as soon as this week.
Appleās WWDC unlikely to bring hardware launches.
Climate tech startups face uncertain outcomes.
China makes 1st landing on other side of moon.
Boeing Starliner 1st crewed launch delayed to Wed+.
Business
OPEC+ meeting mixed: extends cuts but likely temporarily.
The Trolls of Wall Street: excerpt of Nathaniel Popperās new book.
Real Madrid wins record 15th Champions League, beating Dortmund 2-0.
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*Disclaimer: Bay Area Times is a shareholder in Athyna.
Crypto
Biden vetoes bill overturning anti-crypto rule SAB121.
Bitcoinās OP_CAT upgrade proposal: a look at.
Tether buys $100M stake in Bitcoin miner Bitdeer.
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U.S. politics
Trump announces $53M raised after guilty verdict.
Hunter Bidenās gun charge trial to start today in DE.
World
Mexico Cityās former mayor Sheinbaum wins presidential elections.
Modi to win historic 3rd term, India exit polls suggest.
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