$279 Billion Lost In A Day

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 4 September 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Department of Justice has some questions about Nvidia’s business. (00:21) Jason Moser and Ricky Mulvey discuss: - The subpoena that instigated the chip maker's selloff. - A record amount of share repurchases by corporations. - Earnings from Dick’s Sporting Goods and Dollar Tree. (18:10) Motley Fool contributor Matt Frankel joins Ricky to take a look at real estate brokerages Redfin and Zillow, and discuss what lower interest rates mean for the industry. Companies discussed: NVDA, GS, DKS, WMT, DLTR, RDFN, Z Register for our live event in Denver, CO on September 18 here: https://www.meetup.com/biggerpockets/events/303028272/?utm_medium=referral&utm_campaign=share-btn_savedevents_share_modal&utm_source=link Host: Ricky Mulvey Guest: Jason Moser, Matt Frankel Producer: Mary Long Engineers: Dan Boyd, Chace Przylepa, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Were you're waiting for a dip? You're listening to Motley Fool Money. I'm Ricky mallby joined today by Jason Moser.
0:23.8	Jason are you ready to take a dip?
0:26.1	Ready to dive into the dip?
0:28.0	Ricky always ready.
0:29.1	Always ready for a good dip.
0:30.8	All right so summer is over and you know what I thought after last week, I thought we were done talking about Invidia
0:36.2	for a sec until the chip designer reared its head back for the next earnings call.
0:41.7	But then they decided to go over and lose 9% of its value in a
0:46.2	single day because the company received a subpoena from the Justice Department.
0:50.8	This is notable because $280 billion is the most amount of money lost
0:57.1	by any company in one day.
1:00.7	We'll reflect on that price drop, but the story what's the new big tech antitrust thing going on here
1:06.8	Yeah, 280 billion dollars is a lot of cabbage for sure and you know we've we've talked about with invidia given given the run that it's had
1:16.4	at some point or another you get to a point you're like okay we have to beware the
1:21.0	burden of great expectations we were talking about this on the
1:23.1	radio show last week and the company is performing very well but the market
1:28.4	continues to just up the ante there and expect more and at some point that becomes a little bit
1:34.0	more unreasonable and then you add to that this news here that they've received
1:39.3	the subpoena from the Department of Justice so So it's an antitrust investigation.
1:44.0	It hasn't actually reached the stage of a formal complaint,
1:48.0	but ultimately, it's, they're inquiring about
1:51.4	whether Invidia makes it more difficult to switch to other suppliers
	...

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