Nvidia Reports! And Berkshire Hits $1T 08/29/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 29 August 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nvidia reported surging demand for its chips, but after much anticipation around the company’s Q2 report, Wall Street was unimpressed. Semiconductors are part of America’s strategy for tech dominance; the White House’s former CHIPS Coordinator Ronnie Chatterji explains the players in the global chips game. OpenAI is eyeing a funding raise to bring its valuation to $100 billion, and Berkshire Hathaway is now in the $1 trillion club. Plus, CNBC’s Emily Wilkins is on the ground in Virginia, where federal employees are concerned about former President Trump’s proposal to move the workforce away from the DC-metro area. Ronnie Chatterji 17:25 Emily Wilkins 25:39 In this episode: Becky Quick, @BeckyQuick Mike Santoli, @michaelsantoli Robert Frank, @robtfrank Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm the NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	The report heard round the world,
0:11.0	InVidiaidious much awaited results
0:14.1	fell a little flat with investors.
0:16.2	The street has a pretty good fix on the business now.
0:19.1	Those semiconductors may be tiny chips,
0:21.4	but they have a big hold on our tech and our politics.
0:24.4	Professor and former White House Chips Coordinator Ronnie Chattergy explains.
0:28.4	Both across memory and the most advanced chips,
0:30.7	you're seeing the U.S. government make investments all across the board.
0:33.4	You can't make your government policy dependent on a single company and I don't think we've done that here.
0:38.4	Plus, Open AI is aiming for a $ billion dollar valuation.
0:43.0	And,
0:43.4	C. NBC's Emily Wilkins reports on a divisive proposal
0:47.0	in our nation's capital.
0:48.2	A new plan from former President Trump would move 100,000
0:52.1	government employees away from DC and that could cost
0:55.1	the state of Virginia about 28 billion according to one estimate.
0:58.6	It's Thursday August 29th Squack Pod begins right now.
1:04.0	Stand Becky by in three, two, one, queue please.
1:09.0	Good morning, everybody.
	...

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