TLDR

MARKET RECAP → The S&P 500 (VOO) and Nasdaq (QQQ) eased from record highs on Monday as tech stocks faltered and investors turned their focus to key inflation data expected on Wednesday.

REDDIT TESTS AI ANSWERS TOOL → Reddit (RDDT) shares rose as it announced the launch of "Reddit Answers," an AI feature sourcing answers from posts, aiming to reduce Google (GOOG) dependence and boost user engagement. 🤖

NVIDIA FACES ANTITRUST SCRUTINY IN CHINA → 📉 Nvidia (NVDA) shares fell 2% after China launched an antitrust investigation into its Mellanox acquisition amid escalating U.S.-China tensions in the semiconductor industry.

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MARKETS

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Notable Earnings This Week

TODAY’S TOP NEWS

Reddit Tests AI Answers Tool

📊 Reddit (RDDT) rolled out "Reddit Answers," an AI-powered feature that generates answers sourced from user posts. Initially available to a small U.S. audience, the tool aims to improve search by connecting users directly to Reddit content instead of replacing it.

🤖 Powered by OpenAI and Google Cloud (GOOG), the feature allows users to ask questions and receive curated, AI-generated insights with links to Reddit posts. This approach leverages Reddit’s reputation for authentic, community-driven content.

📈 Reddit Answers could reduce Google reliance, encouraging more users to explore Reddit directly, boosting account creation, and monetizing logged-in traffic. Currently available in English for iOS and desktop, expansion to Android and other languages is planned.

TODAY’S TOP NEWS

Nvidia Faces Antitrust Scrutiny in China

📉 Stock Impact: Nvidia's (NVDA) shares dipped over 2% following China's announcement of an antitrust investigation into the company's 2020 acquisition of Mellanox Technologies.

🔍 Investigation Details: The State Administration for Market Regulation is examining potential violations of China's anti-monopoly laws, focusing on whether Nvidia adhered to commitments made during the Mellanox acquisition.

🌐 Geopolitical Context: This probe emerges amid escalating U.S.-China tensions over semiconductor technologies, with both nations imposing restrictions affecting the chip industry.

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