Microsoft needs Nvidia's chips, but does that mean they don't need a Microsoft or Google ultimately longer term because they can tap into all these other areas? Down the road, in an ideal world, Nvidia is going to be selling directly to some of these companies if they can acquire that kind of expertise. If your stock pops like this and you are the IT stock, I mean, right now, you want to own Nvidia...but probably not much longer.
Bloomberg News US Semiconductor & Networking Reporter Ian King explains how Nvidia, the world’s most valuable chipmaker, forecast sales that blew past analysts estimates, showing how booming demand for artificial intelligence processors has the potential to reshape the sector. Morgan Paxhia, Co-Founder of Poseidon Investment Management, discusses investing in cannabis through an ETF. Chuck Runyon, CEO at Anytime Fitness, talks about seeing increased global demand for health and wellness. And We Drive to the Close with Lauren Sanfilippo, Senior Investment Strategy Analyst for the Chief Investment Office at Bank of America Corporation.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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