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Nvidia's net income soared while HSBC's profits nosedived by 80%. Boeing replaces executive in charge of 737 Max program. Concerns arise over Indonesia's new president affecting democracy.
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- Nvidia's 800% net income increase driven by AI investment highlights chip demand in Silicon Valley.
- HSBC's 80% profit drop reflects challenges in China due to write-downs on investments and economic slowdown.
Deep dives
Nvidia's Remarkable Fourth Quarter Performance
Nvidia experienced an exceptional 800% rise in net income in the fourth quarter compared to the previous year, driven by the heavy investment in artificial intelligence. The company's chips are vital for creating AI's large language models, making them highly sought after in Silicon Valley. This impressive performance led to a significant 10% surge in share value during after-hours trading.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode