The $1 Trillion Company That Started at Denny’s

The Journal.

The Wall Street Journal

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🗓️ 1 June 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Only seven American companies have ever been worth a trillion dollars. Some came from garages. Others were started in college dorm rooms. Nvidia was born in a Denny's. WSJ's Asa Fitch on how the explosion of AI helped the chip maker become one of the most valuable companies in the world. Further Reading: - The $1 Trillion Company That Started at Denny’s - The AI Boom Runs on Chips, but It Can’t Get Enough - How AI Is Catapulting Nvidia Toward the $1 Trillion Club Further Listening: - America’s Answer to the Chip Shortage Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Only a few companies in the world have ever been valued at a trillion dollars.
0:12.7	Companies like Apple, Microsoft, Amazon.
0:16.6	And this week, the club got another member.
0:19.6	Nvidia.
0:20.6	Nvidia.
0:21.6	Nvidia's market value now approaching a trillion dollars after a lot of other.
0:26.4	Nvidia may not be a household name, but it makes something that a lot of people want
0:31.7	right now.
0:33.2	Chips.
0:34.2	But there are lots of chips, right?
0:35.5	There's potato chips.
0:37.6	And there's like the TV show chips.
0:40.4	What kind of chip are you talking about?
0:43.1	We're not talking about potato chips.
0:44.7	We are not talking, this is not Lays.
0:47.4	These are semiconductors.
0:50.2	Our colleague, Asa Fitch, covers the world of computer chips.
0:54.6	And he says Nvidia's rise is being propelled by the current boom in artificial intelligence.
1:02.0	Nvidia showed that all the excitement about AI, of course, there's a lot of buzz, there's
1:07.9	a lot of hype around it, but people are really spending money on it.
1:12.0	And they can't do it without these kinds of chips.
1:17.5	Welcome to the journal, our show about money, business, and power.
	...

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