Nvidia is World's Most Valuable Company & Why the Cartel is Impacting Avocado Production
Jun 20, 2024
28:40
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Nvidia surpasses Microsoft as the most valuable company while avocado production is impacted by a cartel. Golden Goose delays IPO due to political conditions. US halts avocado inspections after inspectors attacked in Mexico. WNBA, credit cards, space exploration, and Chipotle's 'Chipotle Boy Bowl' are discussed.
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Quick takeaways
Nvidia surpasses Apple and Microsoft to become world's most valuable company with $3.34 trillion valuation.
US halts avocado inspections in Mexico after inspectors' assault, impacting avocado supply chain and prices in the US.
Deep dives
Nvidia Becomes Most Valuable Company
Nvidia has surged to become the most valuable company in the world with a valuation of $3.34 trillion, surpassing Apple and Microsoft. Renowned for its chips driving the AI boom, Nvidia's stock price tripled in the past year, showcasing remarkable growth.
Golden Goose's IPO Postponement
Golden Goose, a high-end sneaker maker, postponed its Milan IPO due to market conditions post European Parliament elections and France's snap election. The luxury business slowdown, exemplified by Gucci and LVMH, added to Golden Goose's decision, affecting the IPO momentum in Europe.
Halted Avocado Shipments Impact
US temporarily halts avocado inspections in Mexico after US agricultural department employees were assaulted, affecting avocado exports from Michoacán. The concentrated avocado supply chain, concentrated in Michoacán affects prices in the US, emphasizing challenges in the avocado industry.
Extended Stay of Astronauts in Space
Two astronauts' return from the International Space Station on Boeing's Starliner was delayed from June 18 to June 26 due to helium leaks in the propulsion system. This significant extension highlights the mission's pivotal moment for the US space program and the cautious approach towards spaceflight safety.
Episode 348: Neal and Toby recap Nvidia’s historic and rapid rise to the top, surpassing Microsoft to become the most valuable company in the world. Then, luxury sneaker brand Golden Goose (Taylor Swift’s fave) pulls back on its IPO at the last minute citing political conditions. Plus, two US agricultural inspectors are attacked in Mexico causing the US to halt all inspections of avocados, which may affect its prices if a solution doesn’t come soon. Next, Neal shares his favorite numbers from the WNBA, credit cards, and time in space. Lastly, is it the Summer of Finance Bros? Chipotle thinks so…and wants to cash-in with their latest “Chipotle Boy Bowl.”
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