Nvidia hits $3T, faces antitrust challenges
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 6 June 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, June 6th. I'm Julie Morgan. There's a saying that goes something like, the bigger you are, |
| 0:16.7 | the more attention you attract. Zooks is heading out east and Tempest is going public. |
| 0:24.2 | The exclusive $3 trillion market cap club has a new member and a new antitrust investigation. |
| 0:30.9 | Invidia top 3 trillion in market cap on Wednesday joining the illustrious club amid |
| 0:36.0 | euphoria surrounding artificial intelligence shares rose more than 5% to finish at |
| 0:42.1 | $1,220.40. |
| 0:45.6 | Invidia's market cap has grown more than 154% year to date |
| 0:50.6 | and more than 216% over the past year. |
| 0:54.4 | The $3 trillion market cap level is rarefied error |
| 0:57.9 | for publicly traded companies. |
| 0:59.7 | Only Apple and Microsoft have reached that level in the US. |
| 1:04.0 | The gains come after NVIDIA's chief executive |
| 1:06.6 | disclosed that the company will unveil new artificial |
| 1:09.6 | intelligence accelerators with next year's rollout of the Blackwell Ultra chip in a next generation |
| 1:15.6 | platform called Rubin in 2026. |
| 1:19.0 | NVIDIA is also set to split its stock 10 to 1 this week. This was announced last month with |
| 1:24.7 | quarterly earnings. Several Wall Street firms have issued positive notes on |
| 1:29.1 | NVIDIA this week ahead of the split including Bank of America and Goldman Sachs. |
| 1:34.0 | Now I mentioned at the outset an antitrust investigation. |
| 1:38.0 | According to the New York Times, the probe into NVIDIA, |
| 1:41.0 | Microsoft and Microsoft backed open AI will explore the dominant roles the companies play in the AI industry. |
... |
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