AM Radio, AI and Why You Might Not Like the Next Fed Rate Cut
AM Radio, AI and Why You Might Not Like the Next Fed Rate Cut
By:James Melton
A weekly look inside Luckbox magazine
Why some automakers want to banish AM radio
AM radio in cars isn’t dead yet. But it’s not out of danger, either.
While it’s still a popular medium, electric motors can interfere with AM reception in vehicles. As a result, several manufacturers removed AM radio from some cars, primarily electric vehicles.
In April 2023, Ford Motor Co. (F) announced plans to stop putting AM radio in all its new electric and gas-powered vehicles beginning in 2024. But after pressure from broadcasters and lawmakers, Ford backpedaled and said it would keep AM radio in its cars.
Now Congress is considering a bill that would require manufacturers to keep AM radio on the road.
Why the fuss? Some 82 million Americans listen to AM radio monthly, according to Nielsen Audio Today 2023. It reaches 91% of all Americans 18 years or older monthly—more than TV, PCs, tablets, smartphones or TV-connected devices, the report says. Read the whole story.
Intel has bold AI aspirations
Intel (INTL) recently unveiled its latest Gaudi 3 enterprise graphics processing unit (GPU), intended to compete with Nvidia’s (NVDA) popular H100 GPU.
Intel’s strategy is ambitious, directly targeting industry giants such as Nvidia for its prowess in GPUs and Taiwan Semiconductor Manufacturing (TSMC) in the foundry sector.
Specifically, Intel is advancing its capabilities to develop innovative “discrete” GPUs that cater to the burgeoning AI sector. Simultaneously, it aims to establish itself as a leading-edge semiconductor foundry, with special emphasis on the production of AI-driven semiconductor technologies.
Intel expects to make Gaudi 3 available to customers in the second quarter. Companies such as Dell Technologies (DELL), Hewlett Packard Enterprise (HPE) and Super Micro Computer (SMCI) already indicate they will use the Gaudi 3. Read the whole story.
A Fed rate cut could be a bad for markets
Many investors and traders pinned their hopes to rate cuts by the Federal Reserve but be careful what you wish for. History shows monetary easing cycles can weigh heavily on the stock market.
If a recession materializes, forcing the Fed to lower rates, the stock market will likely correct, even if the rate cuts are aggressive.
Looking at the bigger picture, the market’s hopes for a rate cut may be misguided, especially if the economy weakens significantly. Historical data shows that the stock market can underperform during a rate-cut cycle, especially when the economy enters a recession. Read the whole story.
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James Melton is managing editor of Luckbox magazine. @JDMeltonWriter
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