TNB Tech Minute: AI Frenzy Propels Stocks in First Half of 2024

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 28 June 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Plus, chip startup Silicon Box plans a $3.4 billion plant in Italy. And the SEC sues Consensys alleging it acted as an unregistered broker. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.0	Here's your TnB Tech Minute for Friday June 28th.
0:32.0	I'm Zoe Thomas for the Wall Street Journal.
0:35.0	The fervor around artificial intelligence has continued to power the stock market
0:40.0	in the first half of the year and shows no sign of cooling down.
0:44.0	Investors sent NVIDIA shares soaring 149 percent,
0:49.0	propelling the chipmaker's market value above $3 trillion,
0:52.0	briefly making it the most valuable company in the world.
0:55.8	NVIDIA's rise is a big reason the S&P 500 has climbed 14% this year.
1:01.6	The addition of Google Parent Alphabet, Facebook Parent Meta Platforms, Microsoft
1:06.3	and Amazon accounts for well over half of the broad U.S. stock index's return.
1:12.6	Singaporean startup Silicon Box is planning a new chip-making facility in Italy for up to 3.2
	...

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