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.
Chapter 1: What are the highlights of GM's partnership with Nvidia?
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.
Chapter 2: How will Nvidia's technology be used in GM's next-gen vehicles?
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.
Chapter 3: What is the role of AI in GM's manufacturing and vehicle development?
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.
Chapter 4: What are the recent developments in Xiaomi's electric vehicle production?
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.
Chapter 5: What new plans does Xiaomi have for its retail presence?
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.
Chapter 6: What benefits does Moomoo offer to new users from Seeking Alpha?
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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
The activist has been pushing ADSK to improve margins and make board changes amid concerns over its stock underperformance and accounting issues. ADSK has declined more than 11% this year.
Autodesk last year launched an accounting probe after disclosing that it had continued a controversial sales strategy through 2023, in which discounts were offered to customers willing to pay in advance for multi-year contracts.
The Wall Street Journal reported that Starboard believes the company has not held anyone accountable for the accounting issues and is also concerned by its operational performance and full-year outlook. Now let's take a look at what's trending on Seeking Alpha. Tesla has been removed from the 2025 Vancouver International Auto Show.
And Seeking Alpha is asking its analysts, how will the $32 billion whiz deal impact Google? On our Catalyst Watch for the Day, notable investor events include Quest Diagnostics Investor Day and Vertex's Investor Day. And the two-day Bank of America Global Industrials Conference will include presentations by Parker Hannafin, CACI International, and Allegiant.
Now for a look at the markets today ahead of the opening bell. Dow, S&P and Nasdaq futures are in the green. Crude oil is down 0.6% at $66 a barrel. Bitcoin is up 0.9% at $83,000. In the world markets, the FTSE 100 is down 0.2% and the DAX is up 0.1%. Cargo Therapeutics is on our list of the biggest movers of the day pre-market.
CRGX is up 21% after the company announced a 90% workforce reduction and the suspension of development for both CRG023 and its allogeneic platform. On today's economic calendar, at 7 a.m., MBA mortgage applications. At 10.30 a.m., EIA petroleum status report. At 2 p.m., the FOMC announcement will be released. And at 2.30 p.m., we'll hear from Jerome Powell.
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