Evening Edition: Stocks Surge After A-I Chip Maker Releases Earnings Report

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 22 February 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares of United States chip designers Nvidia surging 16% by the close of the trading day after their last quarter sales tripled from a year ago propelling gains across the markets. Nvidia custom designs A-I chips for major tech companies like Google, Microsoft and Meta. Other A-I and semiconductor chip stocks also had major rallies Thursday on the heels of Nvidia's gains. FOX's John Saucier speaks with Gary Kaltbaum, President of 'Kaltbaum Capital Management' and FOX News Channel business contributor, about the hottest stock on the market right now and how it is increasing gains for other tech companies. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	AI may be the most important new computer technology ever, but AI needs a lot of processing
0:06.5	speed and that gets expensive fast.
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0:17.2	application development, and AI needs.
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0:23.4	Take a free test drive of OCI at oracle.com.
0:26.7	I'm Greg Gutfeld. I'm Martha MacCallum.
0:32.1	I'm Brett Bear and this is the Fox News
0:34.2	rundown Thursday February 22nd 2024 I'm John Saussier.
0:43.0	Mark down that day because it's the best day of the stock market so far this year as investors
0:47.5	are hot to get on the artificial intelligence train.
0:51.0	This sector has gone through the roof recently and there's one company leading the way.
0:55.8	In video, releasing a blockbuster earnings report this week and the stocks up over 60% year
1:01.0	to date as of the recording of this podcast. This company is a beast but will
1:06.0	other AI players follow.
1:08.0	Talk of the town right now is where this is heading, what applications they're going to be able to achieve
1:15.6	and also who's next.
1:18.4	This is the Fox News rundown, evening edition. Evening Edition. AI may be the most important new computer technology ever,
1:30.0	but AI needs a lot of processing speed
1:32.0	and that gets expensive fast.
1:33.8	Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure, or
	...

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