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WSJ Tech News Briefing

TNB Tech Minute: Nvidia’s Business Is Booming Despite Tariffs

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 28 May 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: GM’s CEO Mary Barra still sees an all-EV future. And Telegram looks to raise $1.5 million in a new bond offering. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your TNB Tech Minute for Wednesday, May 28th. I'm Victoria Craig

0:35.7

for the Wall Street Journal. Despite tariffs blocking

0:38.6

NVIDIA's ability to ship $2.5 billion worth of chips to China, business is still booming for the

0:45.1

American chip giant. After the closing bell on Wall Street this afternoon, the company said

0:49.4

revenue last quarter jumped 69% from a year ago to just more than $44 billion, topping expectations.

0:57.1

Invidia also said revenue from its data center business surged 73% from the same quarter a year ago

1:03.0

to $39.1 billion. Elsewhere on stage at the Wall Street Journal's annual future of everything

1:09.6

event here in New York City,

1:11.4

General Motors chief executive Mary Barra said she still envisions an all-electric future for her company,

1:17.5

but regulations are moving faster than consumers.

1:20.4

Speaking to WSJ editor-in-chief Emma Tucker, Barra said how quickly GM can get to all EV,

1:26.8

depends how quickly the industry can ramp up charging station infrastructure, innovate to lower costs, and expand battery range.

1:34.0

Her comments come on the heels of an announcement that GM is investing nearly $900 million to make the newest V8 engines at its upstate New York plant rather than investing in EV production at that plant.

1:46.4

And finally, a criminal investigation in France of Telegram's CEO hasn't stopped the company

1:51.4

from winning over investors. People familiar with the matter say the messaging app is set to raise

1:56.3

at least $1.5 billion in a new five-year bond issue today set to price it a 9% yield. They add that it

...

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