Good morning from the Financial Times.
Today is Wednesday, November 26th.
And this is your FT News Briefing.
NVIDIA may no longer be the bell of the AI ball, and U.S.
economic data is telling us that retailers aren't feeling the holiday spirit.
Plus, what is the opposite of to the moon?
Because whatever it is, that's what crypto is doing right now.
Companies and executives have been like, if we're holding lots of crypto,
our share price will go up, but now the trend is really rapidly unraveling.
I'm Mark Filipino and here's the news you need to start your day.
Google's parent company almost reached a $4 trillion market capitalization yesterday.
That would be a new record.
Alphabet has had a crazy run since early September after an antitrust judge ruled in its favor.
And the company's artificial intelligence offerings have become a shining star in the sector.
Google's AI is doing so well, investors got nervous it could overtake Nvidia.
That sent the chip maker shares lower on Tuesday.
Here to unpack all this is the FT's John Foley.
He heads up our Lex column.
Hi, John.
Hi there.