Apple Fined $2 Billion by European Commission | NVIDIA Surpasses $2 Trillion Market Cap

TLDRThe European Commission has fined Apple nearly $2 billion for allegedly favoring its own streaming services over others like Spotify. Meanwhile, NVIDIA has broken above a $2 trillion market cap, showing its seemingly unstoppable fundamental strength in the business.

Key insights

🍎Apple fined nearly $2 billion for allegedly favoring its own streaming services.

💰NVIDIA surpasses $2 trillion market cap, showing unstoppable strength in the business.

💲Microsoft now bigger than Apple, reflecting a shift towards an AI-first world.

👨‍💻Apple is investing in AI and reorganizing its projects to focus on AI technologies.

🖥️NVIDIA remains the dominant player in creating AI chips and is likely to maintain its position despite potential competition in specific use cases.

Q&A

Why was Apple fined by the European Commission?

Apple was fined for allegedly favoring its own streaming services over others like Spotify.

What is the market cap of NVIDIA?

NVIDIA has surpassed a $2 trillion market cap.

Is Microsoft bigger than Apple now?

Yes, Microsoft is now bigger than Apple, reflecting a shift towards an AI-first world.

Is Apple investing in AI technologies?

Yes, Apple is investing in AI and reorganizing its projects to focus on AI technologies.

Will NVIDIA maintain its dominance in creating AI chips?

NVIDIA is likely to maintain its position as the dominant player in creating AI chips, despite potential competition in specific use cases.

Timestamped Summary

00:04The European Commission fined Apple nearly $2 billion for allegedly favoring its own streaming services over others like Spotify.

00:19NVIDIA has broken above a $2 trillion market cap, showing its seemingly unstoppable fundamental strength in the business.

00:43Microsoft now bigger than Apple, reflecting a shift towards an AI-first world.

01:57Apple is investing in AI and reorganizing its projects to focus on AI technologies.

03:33NVIDIA remains the dominant player in creating AI chips and is likely to maintain its position despite potential competition in specific use cases.