Nvidia: Boom or bubble?
Marketplace
American Public Media
4.6 • 8K Ratings
🗓️ 29 October 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
Nvidia's market valuation surged to $5 trillion Wednesday, breaking records. The chipmaker is on fire, and it’s using its glut of resources to invest in other tech firms that need those chips. But if companies are using Nvidia money to buy Nvidia chips … should investors fret about a bubble? Also in this episode: We unpack Trump’s trade agreements with Japan and South Korea, more families skip paid child care altogether, and the Fed cuts rates for the second time this year.
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Transcript
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| 0:00.0 | At Pluralsight, we don't just teach skills. |
| 0:02.8 | We are building the tech workforce who deliver results fast, accelerated by top-tier content. |
| 0:08.6 | Lead with confidence, lead with expertise. |
| 0:11.1 | Visit us at Pluralsight.com to tap in and learn more. |
| 0:16.3 | We now return to our favorite game show. |
| 0:19.4 | What is J. Powell thinking? We have the situation our favorite game show. What is Jay Powell thinking? |
| 0:22.1 | We have the situation where the risks are to the upside for inflation and to the downside for employment. |
| 0:28.6 | From American public media, this is Marketplace. |
| 0:32.9 | Thank you. I'm Kyle Rizdahl. It is Wednesday, today, October the 29th. Good as always to have you along, everybody. The headline at a J-Pallel's press conference today you know already, because it was, as market traders like to say, priced in. |
| 0:57.0 | The price of money in this economy is just a touch cheaper. |
| 1:00.9 | Now, the central bank's target range for the interest rate that it controls, which is called the federal funds rate, is now 3.75% to 4%. |
| 1:09.7 | That is a half percentage point cut in the past couple of months. |
| 1:13.5 | But and, however, nothing with the Federal Reserve is ever simple. |
| 1:20.9 | So the way we have been thinking, well, I've been thinking about it is the risks to the two goals. |
| 1:29.3 | Remember, since their last meeting in September, Powell has been talking a lot about risk |
| 1:33.6 | and how there is no risk-free path for managing this economy right now. |
| 1:38.1 | For a very long time, the risk was clearly of higher inflation. |
| 1:41.8 | And then that has changed now. |
| 1:44.0 | Changed specifically by the labor market. |
| 1:47.0 | And as we saw the, particularly after we saw, after July meeting, we saw the downward |
| 1:52.0 | provisions and job creation, we saw a very different picture of the labor market and suggested |
| 1:56.0 | that there were higher downside risks to the labor market than we had thought. |
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