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WSJ What’s News

Nvidia Delivers Strong Quarterly Earnings as Stock Falters

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 28 August 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

P.M. Edition for Aug. 28. The AI chip maker’s profit more than doubled amid jitters over the sector’s staying power. And the Treasury Department puts in place new rules to combat money laundering in real estate and investments. Reporter Dylan Tokar tells us how this will impact those industries. Plus, U.S. missile silos need an update but there is growing concern about how much it will cost and how it will impact rural communities. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Don't you wish your life came with a warning app?

0:02.0

That dog does not want to be petted.

0:04.0

Well, life doesn't always give you time to change the outcome,

0:08.0

but Pre-diabetes does.

0:09.0

Take the one minute test today at Do I Have Pre-diabetes.

0:12.0

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0:12.5

Grought to you by the Ad Council on its Pre-Dibities Awareness Partners.

0:15.1

Invidia delivers a strong quarter amid investor jitters over the AI boom staying power.

0:25.0

And the US's nuclear missile silos need modernizing,

0:30.0

but they are concerns about the cost and the impact on local rural communities.

0:34.8

They're now in this kind of world of uncertainty as to when literally the construction trucks are going to roll up and some of these communities,

0:42.4

you know, ultimately their population could double or triple as the construction workers arrive and then work their way around the silos.

0:50.0

Plus, the Treasury Department publishes new rules to crack down on money laundering through investments or real estate.

0:57.0

It's Wednesday, August 28th. I'm Tracy Hunt for the Wall Street Journal.

1:01.0

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:10.0

First up, Invite reported its eagerly awaited second quarter earnings after the close.

1:16.1

The AI Chip Giant delivered strong quarterly revenue growth and a robust financial outlook. Sales into three months through July more than doubled from a year earlier to $30 billion.

1:28.0

Invidious profits also more than doubled to $16.6 billion.

1:33.0

NVIDIA's stock, which is up sharply this year,

1:35.6

but has been turbulent in recent months,

1:37.9

gyrated following the results.

1:40.6

Warren Buffett's Berkshire Hathaway closed with a market cap of more than $1 trillion for the first time,

...

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