Amy Wu Silverman says there are two explanations for why the big AI labs have started talking about slowing down, and the market loses under both. Either the technology is dangerous enough to warrant it, or it is not improving as fast as promised. She also walks through what the SpaceX listing did to the two big indexes, after Nasdaq fast-tracked it and S&P Dow Jones Indices kept its one-year seasoning rule. Pras Subramanian covered the SpaceX float and describes how quickly the scramble for shares drained away.
Featuring:
Amy Wu Silverman, Head of Derivatives Strategy, RBC Capital Markets
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Timestamps
0:00 OpenAI’s reported $1.2 trillion round
0:13 “We’re probably not gonna IPO until at least 2027”
0:44 The IPO docket, and why being first matters
1:03 Nasdaq fast-tracked SpaceX. The S&P 500 did not.
1:19 Nasdaq volatility against S&P volatility
1:37 “A natural differential that did not used to be in the market”
1:54 The $1.2 trillion round against a $1.5 trillion report
2:30 SpaceX three months ago: “I gotta get in, I gotta get in”
2:45 “You can get as much share as you want right now”
3:15 Why the big labs are talking about a slowdown
3:34 The fork: Existential risk, or a stall
3:44 “Neither narrative is awesome for the market”
4:13 The bullish version: The models are good and they are scary
#AI #OpenAI #SpaceX #Nasdaq #SP500 #YahooFinance
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