General Motors (GM) deepens its partnership with Nvidia (NVDA) as it looks toward next-gen vehicles. (00:23) Xiaomi (XIACF) said to mull expansion of second EV factory in Beijing amid surge in demand. (01:29) Starboard reportedly set to launch proxy fight at Autodesk (ADSK). (02:55)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers Wednesday: STNE, GILD, and moreNvidia GTC 2025: Rubin, reasoning, robotics and moreTesla removed from 2025 Vancouver International Auto ShowSA Asks: How will the $32B Wiz deal impact Google?Moomoo is an advanced investing trading platform that integrates real-time and comprehensive data with no commission on options trading, stocks or ETFs. New users from Seeking Alpha can exclusively enjoy an 8.1% APY* account opening bonus, up to 15 free stocks, and up to $300 in cash rewards. Terms & Conditions apply, visit moomoo.com for more details.
Full Episode
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, March 19th. I'm Julie Morgan. We're learning more about GM and Nvidia's partnership. Xiaomi is reportedly looking into expansion and a proxy fight at Autodesk. General Motors expects to see even more benefits from its long partnership with NVIDIA.
The Detroit automaker said it will collaborate on next-generation vehicles, factories and robots using AI, simulation and accelerated computing. In particular, the companies will work together to build custom AI systems using NVIDIA Accelerated Compute Platforms. GM will also build next-generation vehicles on NVIDIA's Drive AGX platform, which is based on the Blackwell architecture.
A key initiative will be continuing to use NVIDIA's Omniverse with Cosmos for optimizing factory planning and robotics use cases. GM CEO said AI not only optimizes manufacturing processes and accelerates virtual testing, but also helps GM build smarter vehicles while empowering their workforce to focus on craftsmanship.
Financial terms of the partnership between NVIDIA and General Motors have not been disclosed since the company started working together more than four years ago. Xiaomi Corporation is reportedly expanding the size of a planned second electric car factory in Beijing.
The company, better known for its smartphones, started construction of a second factory last year on a 131-acre parcel of land that it bought for $116 million. Bloomberg reported that production at that facility is set to start mid-year. Xiaomi Corporation has raised its full-year target for electric vehicle deliveries to 350,000.
Xiaomi also plans to add 5,000 more stores in China and build 20,000 home stores this year. In addition to building 500 overseas stores, expanding to 10,000 home stores overseas. The company's market share for mobile in China has increased from 5.2% in 2020 to 10.3% in 2024.
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starboard value is set to launch a proxy fight against autodesk the wall street journal reported this citing people familiar with the matter the report said that they're expected to push for an overhaul of the board starboard which has a 500 million dollar stake in autodesk plans to nominate a minority slate of director candidates ahead of the company's annual shareholder meeting
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