The artificial intelligence boom reverberates at Nvidia

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Marketplace

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4.5 • 1.4K Ratings

🗓️ 23 May 2024

⏱️ 1 minutes

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Summary

The chipmaker reported a more than three-fold increase in quarterly revenue; White House says Federal Reserve should remain independent; initial jobless claims inch lower; DuPont plans to split itself up.

Transcript

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0:00.0	The artificial intelligence boom reverberates at NVIDIA.
0:06.0	I'm Novisafa with the Marketplace Minute.
0:08.0	The chipmaker's quarterly sales shot past expectations with 26 billion dollars in revenue.
0:15.0	That's a more than threefold increase over last year.
0:17.6	The company is forecasting 28 billion for its latest quarter.
0:21.1	Demand remains high for its advanced chips chips which can power AI tools.
0:25.8	The White House says the Federal Reserve should stay independent, that after a report that
0:30.2	Donald Trump's allies are considering changes such as requiring consultation
0:34.6	with the president on interest rate decisions.
0:37.6	The White House says independent central banks work better.
0:41.0	Initial jobless claims inch lower last week totaling 215,000.
0:44.8	Continuing claims were at 1.8 million.
0:48.4	DuPont is the latest manufacturing giants splitting itself up.
0:52.2	It says it will become three separate
0:54.0	publicly traded companies focused on different specialties. Its industrial
0:58.0	unit will retain the DuPont name. I'm Novasafo with a marketplace minute.

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