
Chanticleer
Woolies’ week from hell, Nvidia fever and Qantas’ ‘helpful’ profit drop
Feb 23, 2024
This podcast dives into Woolworths' challenges, Qantas and Virgin turbulence, speculated market bubble, Nvidia's stock surge, and builders facing bankruptcy amid housing demand. It also examines corporate leadership transitions, ANZ's acquisitions, price gouging allegations, and strategies for resilience at Virgin Australia. Additionally, it covers economic data updates, RBA board reshuffles, and the looming housing crisis in Australia.
36:23
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Quick takeaways
- Nvidia's record-breaking surge in market value signals investor confidence in AI technology, with analysts predicting further growth
- ANZ's acquisition of Suncorps Bank sparks concerns over shareholder returns amid increased costs, impacting market performance
Deep dives
Nividia's Market Surge and Stock Evaluation
Nividia, the leading computer chip maker for AI technology, saw a remarkable 16% surge in one night, adding $277 billion to its market value, now valued at $1.9 trillion. Despite the stock's impressive growth, analysts remain bullish with 60 buy ratings, signaling further potential increases.
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