cover of episode Berkshire Hathaway Joins Tech’s $1T Club & Nvidia’s Data Centers are the Real MVP

Berkshire Hathaway Joins Tech’s $1T Club & Nvidia’s Data Centers are the Real MVP

2024/8/29
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NVIDIA, a key player in the AI revolution, reported impressive Q2 earnings, but its stock fell slightly. The company's data center business, including its AI chip division, saw significant growth, but investors remain concerned about continued growth in the face of competition and regulatory hurdles. Despite this, NVIDIA remains a significant force in the market and a key driver of S&P 500 gains.
  • NVIDIA's revenue doubled year-over-year, reaching $30 billion.
  • The company's data center business grew by 154%.
  • NVIDIA's stock experienced a slight dip after the earnings announcement but later recovered.
  • The company’s performance is crucial to the broader market, especially the S&P 500.

Shownotes Transcript

Episode 398: Neal and Toby review the latest earnings from tech powerhouse Nvidia to see what is the secret of its success. Next, Telegram CEO Pavel Durov is charged with complicity of spreading illicit content on his platform, and he’s not allowed to leave France. Then, Warren Buffett’s Berkshire Hathaway becomes the first US non-tech company to cross the $1 trillion market cap threshold. Also, Neal shares his favorite numbers in expensive hotel rooms, the US Open’s signature cocktail, and why bitcoin mining is a booming industry in Texas. Lastly, Mammoth Cave National Park is listed as one of the most disappointing parks to visit and why the park is fully embracing it. 

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00:00 - Nvidia earnings watch party?

2:30 - Nvidia’s earnings is a spectacle

07:30 - Telegram CEO charged

11:50 - Berkshire Hathaway joins the $1T club

17:30 - Profitable from NOT bitcoin mining

20:10 - Hotel rooms are getting too $$$

22:10 - Honey Deuce is the star of the US Open

24:15 - Is Mammoth Cave park a letdown

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