Boeing tumbles on reports of Air India crash
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Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's great to have you here on this Thursday, June 12th. I'm Julie Morgan. Boeing faces turbulence again. Robots rise and chime hits the market.

We begin the show this morning with a developing story out of India. An Air India flight bound for the UK crashed shortly after takeoff on Thursday. The flight took off from the western city of Ahmedabad. The plane was reportedly carrying 242 people, but the number of casualties has not yet officially been confirmed.

State officials said the crash occurred about nine minutes after the plane was cleared for takeoff. Thick smoke at the scene has made rescue efforts difficult and operations are still ongoing. The aircraft involved is a Boeing 787-8 Dreamliner, according to Flightradar24. Seeking Alpha has reached out to Boeing for a statement. Shares of Boeing are down 8 percent pre-market.

NVIDIA and Samsung will make minority investments in Skilled AI, a U.S.-based robotics software startup. Bloomberg reported citing people with knowledge of the matter that NVIDIA is investing $25 million while Samsung is contributing $10 million to the Series B funding round.

Japan's SoftBank is leading the round with a $100 million commitment. This latest funding round values Skilled AI at approximately $4.5 billion, according to the report. Skilled AI is a Pittsburgh-based startup known for its advanced software that powers robotic systems, enabling robots to learn and adapt across various industries.

Chime has priced its initial public offering of 32 million shares at 27 bucks per share, above its previously marketed range of 24 to 26 dollars. The offering consists of more than 25 million shares of Class A common stock to be sold by Chime and 6.1 million shares of

Class A common stock to be sold by existing shareholders. The offering is expected to raise $864 million for Chime based on the $27 per share price. Underwriters have a 30-day option to purchase up to an additional 4.8 million shares. The shares are expected to begin trading on the Nasdaq Global Select Market today under the ticker symbol CHYM. The offering is expected to close on June 13th.

Now for a look at a few other articles that are trending on Seeking Alpha. Huawei has China covered if the U.S. stays out, according to NVIDIA's CEO. We have a look at what's hot and what's cold in the beverage sector. And China is reportedly placing a six-month limit on rare earth export licenses for U.S. firms.

We have several items to look out for on our Catalyst Watch for the Day. The four-day European Hematology Association Congress in Milan, Italy will begin. Nurex Therapeutics, Insight, and Gilead Sciences are some of the healthcare stocks that have been singled out by analysts to watch.

ADP will host an Investor Day. During the event, members of the ADP senior management team will discuss the company's strategic priorities and financial outlook. BlackRock will hold its Investor Day event. Cardinal Health will also hold an Investor Day event.

The CEO of AMD will give a keynote talk at the company's Advancing AI event. Other speakers include representatives from Amazon, Netflix, and Dell Technologies. And Ariston Networks will host an event entitled Demystifying AI Networking.

On Wall Street today at this early hour, Dow, S&P and Nasdaq futures are in the red. Crude oil is down 1.4% at $64 a barrel. Bitcoin is down 1% at $107,000. Gold is flat at $3,365. The FTSE 100 is down 0.2% and the DAX is down 1.2%.

Oracle is on our list of the biggest movers of the day pre-market. ORCL is up 8% after the IT giant posted strong fiscal Q4 results, with revenue up 11% year-over-year, driven by 27% growth in cloud revenue, a 52% surge in infrastructure, and a 22% rise in Fusion Cloud ERP.

On today's economic calendar, at 8.30 a.m., jobless claims. Also at 8.30 a.m., PPI. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.