Nvidia’s AI chips are the hot new thing

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 22 February 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nvidia’s fourth quarter results blew past analysts’ expectations with a revenue of $22.1 billion. We’ll get into what sizzling hot demand for the chip maker’s products says about the larger generative AI boom. And, we’ll discuss the threat AI-generated misinformation poses to the 2024 election, and what states are doing to combat it. Plus, experiencing sticker shock at the grocery store lately? Kellogg suggests trying cereal for dinner.

Here’s everything we talked about today:

- “Nvidia Sales Reach New Heights as Company Forecasts Bigger AI Boom” from The Wall Street Journal

- “Authorities target two Texas firms in probe of AI-generated robocalls before New Hampshire’s primary” from AP News

- “After the chaos of 2020, states are preparing for election challenges — and threats” from “Marketplace”

- “‘I think our fear of high inflation is well warranted,’” Minneapolis Fed president says” from “Marketplace”

- “WK Kellogg CEO Gary Pilnick: ‘Cereal for dinner’ is trending for consumers under price pressure” from CNBC

- “It’s Been 30 Years Since Food Ate Up This Much of Your Income” from The Wall Street Journal

Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.

Transcript

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0:00.0	Hey everybody I'm Khai Rizdahl. Welcome back to Make Me Smart. Where we make today makes sense.
0:10.0	And I'm Kimberly Adams. Thank you everyone for joining us on this Thursday, February 22nd.
0:15.6	The audio show is what we do today, listen back to some of the big stories of the week.
0:20.9	Juan Carlos, here we go, let's hit the first one like AC power generation plants of the last industrial revolution
0:26.9	NVIDIA AI supercomputers are essentially AI generation factories of of this industrial revolution.
0:34.0	Every company in every industry is fundamentally built on their proprietary business
0:39.0	intelligence and in the future their proprietary generative AI.
0:43.7	That was a guy by the name of Jensen Huang.
0:46.7	He is the CEO of Invidia, which in case somehow you haven't heard is the new new thing in technology. It designs chips that go
0:56.5	into the computer processors that fire a whole lot of the generative AI large language models
1:02.2	and thus that company is making money hand over fist.
1:06.5	They reported earnings yesterday, Wednesday after the bell.
1:10.1	Here's the great part about the earnings announcement.
1:12.1	They had $22 billion in revenue in 90 days, right,
1:16.8	in three months.
1:18.3	That blew past expectations, which
1:20.0	had been for $20 billion worth of revenue, but the market and after I was trading
1:24.8	yesterday was disappointed because they didn't blow past earnings revenue enough!
1:28.7	A mere $2 billion in earnings revenue beating expectation.
1:33.4	Invidia is going great guns they're up sorry just checking here 15% today as we
1:38.4	speak I looked earlier they're up something like 1,800% in five years.
1:45.0	I mean, don't buy at the top, but holy cow,
	...

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