Nvidia revenue hits record
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 22 February 2024
⏱️ 1 minutes
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Summary
Stocks jump; Nvidia points to demand for AI software; existing home sales rise; initial unemployment claims fall.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks were in a pretty good mood on Thursday. |
| 0:06.8 | The Dow Rose 1 and 2 tenth percent. The S&P added 2 and 1 tenth percent, |
| 0:11.8 | and the NASDAQ jumped 3%. |
| 0:14.5 | The chipmaker in video says its revenue hit a record last quarter. |
| 0:18.2 | The company's advanced graphics processing units or |
| 0:20.8 | GPUs have become essential for running AI software. |
| 0:24.7 | And the company says demand for the equipment that runs that software is surging. |
| 0:29.1 | More existing home sold in January than in December, according to the National Association of Realtors. |
| 0:34.7 | Sales were lower than the same time a year earlier, but the NAR says the increase in January |
| 0:39.3 | is a sign that housing demand and supply are picking up. |
| 0:43.5 | And the number of people signing up for unemployment benefits fell last week to 201,000. |
| 0:48.7 | That's according to the Labor Department, the number of continuing claims fell too. |
| 0:53.0 | I'm Justin Ho with the marketplace minute. You're going to. |
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