Becker Private Equity & Business Podcast
7 Business News Stories We Are Following Today 5-29-25
Thu, 29 May 2025
In this episode, Scott Becker covers seven top business stories, including NVIDIA’s race with Microsoft for top market cap, Salesforce’s strong AI-driven growth, tariff setbacks affecting U.S. trade policy, and more.
Chapter 1: What are the top stories Scott Becker is following today?
This is Scott Becker with the Becker Private Equity and Business Podcast. These are seven of the stories that we're following today, and thank you for joining us. First, NVIDIA, despite some restrictions on sales to China, reported great earnings, and it's possible that's going to bolt past Microsoft today as a top market cap company.
Chapter 2: How did NVIDIA perform despite sales restrictions?
Both are leaving Apple, the prior top firm in the dust currently. The video is up 6% earlier today. We'll see how it's doing today. It starts today at about $3.3 trillion in market cap. Microsoft is about $3.4 trillion, and then Apple right at $3 trillion in market cap. Second, U.S. futures and the markets are flat now. Earlier today, they were way up as the U.S. Court of International Trade
Chapter 3: What are the latest updates on U.S. tariffs?
blocked some of President Trump's tariff efforts. The president is going to appeal that, but always fascinating to watch. They didn't wholly block the tariffs, but some piece of them ultimately might not have that big an impact on trade negotiation. Goldman says that the court setback won't derail Trump's tariff plans. Third,
Chapter 4: How did Salesforce's earnings reflect their AI growth?
Salesforce, the company founded by Marc Benioff, brilliant, brilliant person, reported better earnings than expected and raised its full year outlook. God bless the resilience. They said their data cloud businesses and AI businesses are hauling in annual revenues of more than a billion dollars, up 120%, 120% year over year.
It's really moving in the right direction and continues to project higher growth. It's top line revenues. Fourth, Tempest AI, founded by geniuses Eric Levkowski and Brad Keywell, took it to the chin yesterday, down about 16%. It's still up significantly year-to-date, about 57%. Excuse me, it fell almost 19% year yesterday. Its market cap is about $9.2 billion. So that's Tempest AI.
Third, as we've talked about often, Tesla and Elon Musk remain tremendously resilient. The stock is down 11% year-to-date. Sixth, this is apropos of nothing, my diet efforts were a disaster yesterday. Everything went off the rails. You're going to have days like that. Seventh, Best Buy points down this morning. after disappointing earnings and projects challenges due to tariffs on imports.
Now, when they talk about tariffs and all the challenges of tariffs, you have to remember some of these companies that are whining about tariffs, and I don't mean to use that pejoratively, maybe I do, they were already down 70% year to date, and they were facing headwinds way before the trade wars. So we take a little bit with a grain of salt.
In any event, thank you so much for listening to the Becker Private Equity and Business Podcast. We'll be back with you later with a few more episodes. Thank you very, very much.
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