Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Friday, August 25th, and today we are doing a macro roundup.

Before we get into that, if you are enjoying the breakdown, please go subscribe to it, give it a rating,

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Well, friends, today the big thing, of course, is Jackson Hole and Powell's speech therein.

And so I thought it would be good to put that in a wrapper of the stories that have been going on

around and outside of the industry, things that have been impacting traditional markets,

to put that news of what Powell said in its proper context.

And for that, I want to start with

a story that those of you who have been listening to the AI breakdown will be quite familiar

with. That is, of course, Nvidia. Invidia absolutely blew earnings out of the water after the

market closed on Wednesday. Their Q2 net income came in at a staggering 6.7 billion, which was a 422% increase

from the same quarter last year. Sales growth shot up by 171% on an annualized basis to reach

$13.51 billion. Profit came in at $2.70 per share. Now, compared to analyst estimates,

those figures represented a 30% beat on profits per share and a 22% beat on sales.

That is massive, especially considering how much hype and anticipation Nvidia had going into this.

Now, overnight on Wednesday, shares rocketed up over 6% and hit a high point of $517 per share.

That pushed the stock up more than 220% on the year. The company also announced

the approval of a ridiculously large $25 billion in buybacks, representing a little over 2% of

the total market cap at current prices. Now, this is the second quarter in a row with blowout

...