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Marketplace All-in-One

Consumers weigh their values and budgets

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 21 November 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Seventy-seven percent of Americans prefer to buy holiday gifts that are made in America. But prices tend to speak louder than words, or labels. Foreign manufacturers and popular Chinese brands like SHEIN and Temu are expected to still play a major role in holiday shopping this year. But first, Wall Street has high expectations for Nvidia. While the chipmaker projects continued double-digit growth in the year ahead, it remains hampered by production bottlenecks. Then, we find out what business owners in Mexico think of Trump’s proposed tariffs.

Transcript

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0:00.0

NVIDIA's problem is its success.

0:05.3

From Marketplace, I'm Sabri Beneshore in for David Brancaccio.

0:08.0

Invidia, the maker of powerful chips used in artificial intelligence, reported a profit of about $19 billion for just the three months, ending in October.

0:17.9

And it expects continued double-digit growth in the year ahead.

0:21.3

And yet, Nvidia's stock price dropped after its quarterly result.

0:25.6

Marketplace's Nova Sappho explains what is going on.

0:29.2

Wall Street has high expectations for Nvidia, and while sales at the chipmaker almost

0:34.1

doubled compared to a year earlier, They more than doubled in previous quarters.

0:39.2

Also, Nvidia's forecast issued yesterday for the next three months was its most modest in

0:44.3

almost two years.

0:45.4

It expects revenue growth of a mere 70%.

0:48.5

Yes, that's still a lot.

0:49.8

But the chipmaker has in just two years catapulted to become the most valuable company on the S&P 500 index.

0:56.7

It's valued at $3.6 trillion.

1:00.1

That's more than Apple or Microsoft.

1:02.4

That means Nvidia's stock is priced for exponential growth.

1:06.3

And while the chipmaker still expects huge sales to come, it is hampered by production bottlenecks,

1:12.1

and it acknowledged a design flaw with its latest chip model called Blackwell. There were reports

1:16.9

of overheating. The flaw has been fixed, NVIDIA says, but it delayed production and backlogs

1:22.8

are expected well into next year. I'm Nova Saffa for Marketplace.

1:34.3

The number of people filing for unemployment fell to 213,000, the lowest it has been in months.

1:39.0

Diane Swank is here to talk about that and more. She's chief economist at Audit Tax and Advisory firm, KPMG. Hi, Diane. Good morning, Sabri. So jobless claims at a seven-month low, that sounds pretty good. What do you make of that?

...

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