CNBC Daily Open: Time to look at AI-adjacent plays
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Falling from highs
U.S. stocks mostly fell Wednesday. The S&P 500 lost 0.19% and the Dow Jones Industrial Average slipped 0.7%, after scaling record highs earlier in the session. The Nasdaq Composite closed near the flatline. Europe's regional Stoxx 600 index retreated 0.11%. The Stoxx Europe 600 Bank Index fell 0.73% as investors monitored UniCredit's potential merger with Commerzbank.
Google vs. Microsoft
Google on Wednesday filed an antitrust complaint with the European Commission, the executive arm of the European Union, over Microsoft's practices in the cloud computing industry. Google alleged that Microsoft employs unfair licensing contracts to "lock in" clients and exert control over the cloud market.
Done selling Nvidia
Nvidia CEO Jensen Huang is done selling the company's stock for now. In March, Huang set out a plan to sell up to six million Nvidia shares by first quarter of 2025. He has hit that threshold ahead of schedule. Separately, AI chips like those Nvidia manufactures could face a global shortage as demand ramps up, according to a Bain & Company report.
Turning VR into reality
Meta took another step in making virtual reality part of our everyday life. The company's Reality Labs division announced the Quest 3S, its latest VR headset, which starts at $299 and goes on sale Oct. 15. Meta also showed off a prototype of augmented reality glasses called Orion.
[PRO] It's time for you to buy
That little green bird — Duolingo's logo — can seem a tad annoying when it reminds you for the