Nvidia Earnings to Test Wall Street’s AI Excitement

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 21 November 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Nov. 21. Chipmaker Nvidia is expected to report a quarterly profit of $7.2 billion when it posts results later today. WSJ reporter Charley Grant explains whether the company behind much of the S&P 500’s gains this year can spark more gains. Plus, issues pile up at GM’s self-driving car unit Cruise. And WSJ. Magazine’s Sarah Ball on Travis Kelce’s (very public) reckoning with superstardom and his career after football. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	AI may be the most important new computer technology ever, but AI needs a lot of
0:06.4	processing speed and that gets expensive fast.
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0:16.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:23.0	See how customers like Uber and Cohere
0:26.0	are training their AI models at twice the speed and less than half the cost.
0:31.0	Take a free test drive of OCI at Oracle.com
0:34.4	slash Wall Street. That's Oracle.com
0:37.5	slash Wall Street.
0:38.8	Chipmaker Invidia, the year's stock market rock star, prepares to report earnings in a major
0:49.1	test of AI excitement.
0:51.8	Plus issues pile up at GM's self-driving car unit cruise and US home
0:57.2	sales are forecast to hit 13-year lows as Fed rate hikes gum up the housing market.
1:04.0	People feel paralyzed because if you sell your house you're giving up this amazing mortgage that you
1:09.4	locked in a few years ago in exchanging it for some mortgage that you're paying through the
1:14.4	nose to be in a house that might not be even that much better than the one
1:17.9	you're in. It's Tuesday November 21st I'm Luke Vargas for the Street Journal, and here is the AM edition of What's News?
1:25.9	The top headlines and business stories moving your world today. sudden management changes at Open AI, including the ouster of co-founder and CEO
1:39.6	Sam Altman may have been the focus of recent days, but today investors will be turning to another AI stalwart.
1:47.0	Investor Darling Invidia is reporting earnings this afternoon with the chipmaker considered one of the hottest companies on Wall Street
1:54.0	this year and journal reporter Charlie Grant is here now to explain just how much is
1:58.7	riding on those numbers for invidious own investors and for the stock market as a whole.
	...

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