Nvidia Sends Markets Surging as AI Demand Tops All Expectations

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 22 February 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Feb. 22. Nvidia’s shares have spiked in pre-market trading after the AI titan said revenues soared 265% in the last quarter. Heard on the Street tech columnist Dan Gallagher unpicks the blockbuster earnings and what the future holds for the AI revolution. Plus, Japanese stocks eclipse a 1989 record. And an Alabama court ruling is already changing the landscape for fertility treatment in the state. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	All the big names are here.
0:02.0	Oh, who is that?
0:03.2	I think she was in the movie about that really big shark.
0:06.0	No, not her.
0:07.0	The florist.
0:08.0	She's automating invoices on the go so she can spend more time on that flower wall. Quickbooks to save you up to eight hours a week,
0:15.0	so you could bring your vision to life.
0:17.0	That's how you business differently.
0:19.0	Into its Quickbooks.
0:20.0	In videos sales more than triple as it scrambles to meet soaring demand for chips.
0:28.6	Plus Japan's Nikke parties like it's 1989.
0:33.0	The Japanese market has been powered by this good old-fashioned value investing,
0:37.0	but in the last couple days, the reason it went over the top was because
0:40.0	NVIDIA had great earnings yesterday,
0:42.0	and that's made everyone happy about the AI revolution.
0:45.0	And Alabama's largest hospital pauses IVF treatments after a court ruling says frozen embryos qualify as children. It's Thursday, February 22nd,
0:56.9	I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,
1:02.3	the top headlines and business stories moving your world today.
1:09.0	Chipmaker Invidia has reached new heights after its quarterly earnings yesterday surpassed all expectations,
1:16.4	sending the stock very close to the $2 trillion valuation mark.
1:21.1	Invidia's 67% operating margin for the last quarter. mark. And for more on the market reaction to Invidia's earnings.
1:33.1	I'm joined by Wall Street Journal Hurt on the Street tech columnist Dan Gallagher.
	...

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