| By Friday, however, market stress was back in focus as all eyes turned to Deutsche Bank (DB) and its various struggles and now dwindling stock price.
In other words, another wild week!
Here are five things you may have missed during another very busy week for markets.
1. Nvidia's AI push
The Street gushed over Nvidia's (NVDA) various projects and exposure to the new artificial intelligence movement at its annual GTC conference. But we also heard from Nvidia CEO Jensen Huang on the impact of higher interest rates — well-timed considering this was Fed meeting week.
"This is the time when we all have to do more with less," Jensen told Yahoo Finance Live (video above), "and accelerated computing is really the best path forward to do so."
Nvidia shares are up a sizzling 18% in March.
2. Speaking of AI...
Microsoft (MSFT) founder Bill Gates made his first substantive comments on AI, coming on the heels of the company he launched that is pushing deeper into the ChatGPT realm.
"Superintelligent AIs are in our future," Gates said in a new post on his blog. Gates believes people will see AI on par with the capabilities of a human brain 10 to 100 years from now.
Scary or cool, it could prove lucrative to Microsoft's bottom line over the next decade — and Gates's net worth.
3. Ford, refounded
Ford execs made a pitch to Wall Street at a teach-in held at the New York Exchange: We will make money on EVs by 2026.
Crunching the numbers, Ford is on pace to lose more than $5 billion on an operating basis in its EV business for the combined 2022 and 2023 period. CEO Jim Farley told me he's ready to go after Tesla's lucrative profit margins in the EV business.
4. GameStop plays with investors
Hardcore fans of GameStop (GME) — of which there are many — rejoiced when the company posted its first profitable quarter in over two years.
CEO Matt Furlong promised more cost-cutting, too, in another short earnings call.
But these same folks appear to have forgotten that GameStop continues to have issues growing its sales, and that could catch up to the retailer over time, as Yahoo Finance reported. Power to the fundamental analysts.
5. People chow down at the movies
Staying with the meme stocks, AMC (AMC) stock caught a bid mid-week in the wake of GameStop's better-than-expected quarter.
The company's performance also caught a shout-out from CEO Adam Aron.
"Learned at my weekly staff meeting that AMC set an all-time record last week for the highest-ever in our history 'Food and Beverage Revenue Per Patron,'" Aron tweeted to his 293,000 followers. "Thank you to our theatre crews for their record-setting efforts. And for our guests, we hope you liked the food and drink!"
Tips on the banking crisis? Email brian.sozzi@yahoofinance.com
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