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Stock Movers: Micron, BP, Nvidia

Stock Movers: Micron, BP, Nvidia

Bloomberg25-06-2025
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec. - Micron (MU), the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading. Micron is seeing increasing demand for components like its high-bandwidth memory, which are used in machines that develop and run AI tools. The company expects continued growth from that market as such software becomes more complex, requiring bigger amounts of memory. The company is also starting to recover from narrower profit margins in the previous quarter. - BP (BP) shares surged as much as 10% in trading fter the Wall Street Journal reported that Royal Dutch Shell Plc is in early-stage talks to acquire its London-based rival. Talks between company representatives are active, but any terms of a potential deal couldn't be learned and a transaction is far from certain, the newspaper reported, citing people familiar with the matter. BP is under intense pressure after years of under-performance and the intervention of activist shareholder Elliott Investment Management. Speculation has been growing that the embattled company would become a takeover target, and Bloomberg reported in May that Shell had been studying the merits of a deal. - Nvidia (NVDA) shares rose to an all-time high on Wednesday, with the leader in artificial intelligence chips extending an advance that has cemented its position as one of the most valuable companies in the world. The stock rose 4.3% to $154.31, taking out an all-time high that has stood since January. The record is only the latest milestone for the company, which has risen 63% off an April low, a rally that has added nearly $1.5 trillion to its market capitalization. With the day's gain, Nvidia stands as the world's largest stock, with a market cap of about $3.77 trillion, overtaking Microsoft Corp. at $3.66 trillion.
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Your coworker may be too close to their AI chatbot
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Your coworker may be too close to their AI chatbot

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MSQ Rules out Potential Tie-Up With Martin Sorrell's S4 Capital
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MSQ Rules out Potential Tie-Up With Martin Sorrell's S4 Capital

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Older Americans are using AI -- study shows what they think of it
Older Americans are using AI -- study shows what they think of it

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Older Americans are using AI -- study shows what they think of it

Of the older people surveyed, 55% responded that they had used some type of AI technology that they can speak to, like Amazon's Alexa voice assistant, Photo by Enio-ia/ Pixabay Artificial intelligence is a lively topic of conversation in schools and workplaces, which could lead you to believe that only younger people use it. However, older Americans are also using AI. This raises the questions of what they're doing with the technology and what they think of it. I'm a researcher who studies older age, disability and technology use. I partnered with the University of Michigan's National Poll on Healthy Aging to survey nearly 3,000 Americans over age 50. We asked them whether and how they use AI and what concerns they have about using it. Of the older people we surveyed, 55% responded that they had used some type of AI technology that they can speak to, like Amazon's Alexa voice assistant, or type to, like OpenAI's ChatGPT chatbot. Voice assistants were overwhelmingly more popular than text chatbots: Half reported using a voice assistant within the past year, compared to 1 in 4 who used a chatbot. Popular, among some Independent living continues to be a major goal of older Americans, as they either do not want to or are unable to afford to live in long-term care communities, and AI may be a tool to support this goal. Our findings show that older adults who use AI in their homes find it helpful for living independently and safely. They mostly used these technologies for entertainment or searching for information, but some of their responses show more creative uses, such as generating text, creating images or planning vacations. Nearly 1 in 3 older adults reported using AI-powered home security devices, including doorbells, outdoor cameras and alarm systems. Nearly all of those people - 96% - felt safer using them. 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