An invidious moment for Nvidia’s stock
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 21 February 2024
⏱️ 7 minutes
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Summary
Nvidia, maker of semiconductor chips used for generative AI, reports its Q4 financial results after markets close on Wednesday. The company has forecast major revenue gains, but there was a wave of nervous selling yesterday and the stock is down so far this morning. What should we expect today? Then: the latest student loan forgiveness program, the Richmond Fed president on price hikes’ inflationary impact and a shortage of coins in the Philippines.
Transcript
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| 0:00.0 | An invidious moment for invidious stock. |
| 0:05.0 | I'm David Brancaccio in New York. |
| 0:08.0 | It is one of the so-called Magnificent Seven tech stocks, |
| 0:12.0 | invidia, a firm that reports its quarterly results later today |
| 0:15.0 | It makes fast microchips first designed for video graphics but now a great use for artificial intelligence |
| 0:21.1 | The company had forecast it would hit 59 billion dollars in revenue for 2023, double what |
| 0:27.0 | are brought in the year before. |
| 0:29.0 | While it had become the third most valuable company behind Microsoft and Apple. |
| 0:33.2 | There was a wave of nervous selling yesterday, |
| 0:35.4 | and the stock is down another 2% right now. |
| 0:38.1 | Marketplace's Mitchell Hartman has more. |
| 0:40.6 | Invidia's high-end graphic semiconductors are crucial to AI research and |
| 0:44.9 | development around the world which has sent demand through the roof. The only |
| 0:49.1 | question about the company's fourth quarter report says Jacob born at insider intelligence. |
| 0:54.4 | Is it going to be blockbuster or super blockbuster? |
| 0:57.4 | Even if it's super blockbuster, how long can that last? |
| 1:01.3 | Right now, NVIDIA is way ahead of the competition. Companies like Intel and |
| 1:05.6 | AMD says Ted Mortenson at Baird, which is a marketplace underwriter. |
| 1:10.6 | They're holding all the cards. But he predicts more challenges as AI takes off, a big push for government regulation, soaring energy costs, restrictions on technology sales to China. |
| 1:22.0 | At this point though, says Babson, restrictions on technology sales to China. |
| 1:23.0 | At this point though, says Babson management professor Peter Cohen. |
| 1:27.0 | Invedia really has a huge lead and investors have such high expectations of its growth. |
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