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Wall Street Breakfast

Boeing tumbles on reports of Air India crash

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 12 June 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Air India Boeing (BA) jet crashes shortly after takeoff. (00:20) Nvidia (NVDA) and Samsung (SSNLF) to take minority stakes in robotics startup Skild AI - report. (01:05) Chime Financial (CHYM) prices IPO at $27, above expected band, raising $864M. (01:47)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.0

It's great to have you here on this Thursday, June 12th. I'm Julie Morgan. Boeing faces turbulence again.

0:16.1

Robots rise and chime hits the market. We begin the show this morning with a developing story out of

0:23.3

India. An air India flight bound for the UK crashed shortly after takeoff on Thursday. The flight took

0:30.0

off from the western city of Ahmedabad. The plane was reportedly carrying 242 people, but the number of

0:36.9

casualties has not yet officially been confirmed.

0:40.5

State officials said the crash occurred about nine minutes after the plane was cleared for takeoff.

0:45.7

Thick smoke at the scene has made rescue efforts difficult and operations are still ongoing.

0:51.0

The aircraft involved is a Boeing 7878 Dreamliner according to flight radar 24.

0:57.2

Seeking Alpha has reached out to Boeing for a statement. Shares of Boeing are down 8% pre-market.

1:05.2

Nvidia and Samsung will make minority investments in skilled AI, a U.S.-based robotic software startup.

1:12.9

Bloomberg reported citing people with knowledge of the matter that Nvidia is investing $25 million

1:18.8

while Samsung is contributing $10 million to the Series B funding round.

1:24.3

Japan's SoftB Bank is leading the round with a $100 million commitment. This latest

1:29.4

funding round values Skilled AI at approximately $4.5 billion, according to the report.

1:35.6

Skilled AI is a Pittsburgh-based startup known for its advanced software that powers robotic

1:41.0

systems, enabling robots to learn and adapt across various industries.

1:47.6

CHIME has priced its initial public offering of 32 million shares at 27 bucks per share,

1:53.4

above its previously marketed range of $24 to $26.

1:57.8

The offering consists of more than 25 million shares of Class A common stock to be sold by

2:03.9

CHIM and 6.1 million shares of Class A common stock to be sold by existing shareholders.

2:10.4

The offering is expected to raise $864 million for CHIME based on the $27 per share price.

...

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