Nvidia’s Blowout & a Circus Comeback 02/22/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 22 February 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nvidia’s fourth quarter blew past expectations. The chip maker's revenue tripled from last year, hitting $22B in one quarter. Sapphire Ventures partner Cathy Gao explains how Nvidia’s boom is impacting the private AI market. Another company did not fare as well in its fourth quarter: Rivian. The EV-maker is cutting 10% of its workforce. The Presidential candidate Nikki Haley is still fundraising; Puck founder Teddy Schleifer weighs in on the 2024 race, the slate of candidates, and the likelihood of a newcomer in the Democratic Party. Plus, the circus is back! Kenneth Feld, CEO of Feld Entertainment and owner of the Ringling Bros. Barnum & Bailey Circus, discusses the event’s return to audiences–without animals. Cathy Gao - 4:26 Teddy Schleifer - 12:06 Kenneth Feld - 25:41 In this episode: Teddy Schleifer, @teddyschleifer Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squawk Pond.
0:09.0	Invidia's massive revenue, the AI chipmaker tripling since last year, it's what was is says the bump has hit AI's private market too.
0:23.2	Navidia in many ways is the bellwether for AI demand, for
0:27.7	Gen AI demand in particular.
0:30.7	And Republican challenger Nicky Haley with a huge fundraising hall.
0:34.3	Teddy Schliefer of Puck explains the GOP's plan for the presidential race.
0:38.4	They're not going to talk about herself explicitly as an insurance plan against a Trump legal catastrophe.
0:46.6	But donors will.
0:47.5	Donors will tell you that privately.
0:50.0	Plus Ringling Brothers Barnum and Bailey's circus returns, owner Ken Feld on the Big Top
0:55.7	comeback.
0:56.7	What we want is people in today's world to have simple fun.
1:00.8	We're non-lingual.
1:02.4	Everybody can enjoy it, and it creates a conversation on the way home.
1:06.0	It's Thursday February 22nd, Squawk Pod begins right now.
1:11.0	Stand under by in three, two, one, Q ander.
1:15.0	Good morning and welcome to Squack Box right here on C.
1:19.0	NBC, we're live at the NASDAQ Market Center.
1:21.0	I'm Andrew Ross Sorkin along with Joe
1:22.8	Kern and Becky's out today. We got so much to discuss basically three hours of
1:27.8	NVIDIA that pretty much is the plan. I think so.
	...

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