3.8 • 1.6K Ratings
🗓️ 24 February 2024
⏱️ 5 minutes
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0:00.0 | This Podcast is brought to you by Alex Partners. |
0:03.0 | Read the results of the fifth annual Alex Partners Disruption Index |
0:08.0 | online today at disruption.alex Partners.com. Hey listeners, it's Saturday, February 24th. |
0:19.0 | I'm Francesca Fontana for the Wall Street Journal, |
0:22.0 | and this is what's News and Markets. |
0:23.7 | Our look at the biggest stock moves of the week and the news that drove them. |
0:27.4 | Let's get to it. |
0:28.4 | If you felt like Invidea was the only stock that mattered this week, you're not totally |
0:31.9 | wrong. |
0:33.0 | Thanks in large part to the company's monster earnings, |
0:36.0 | the S&P 500 hit its 13th record of 2024 on Friday, |
0:40.4 | closing at nearly 5,090. |
0:43.0 | And the Dow crossed 39,000 for the first time, |
0:46.6 | and by the end of the week marked another record, |
0:48.8 | its 14th of the year. |
0:52.3 | Now let's go back to Invidia. All eyes were on its quarterly results this week since |
0:56.9 | the chipmaker is really the bellwether of the AI boom and to say that those |
1:01.2 | results were great is a total understatement. |
1:04.0 | Invidia's quarterly profit surged more than 8fold from a year earlier |
1:08.0 | and its sales more than tripled. |
1:10.0 | For those of us who aren't to tech savvy, |
1:12.0 | the cliff notes of why |
... |
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