Morning Brew Daily Why Companies Are Buying Bitcoin & Consulting Crashing Out?
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May 29, 2025 Neal and Toby dive into Nvidia’s impressive Q1 earnings despite CEO warnings, spotlighting the company's strategic navigation of trade restrictions. They discuss how companies like GameStop are investing in Bitcoin amid economic uncertainties. The conversation shifts to NYC’s congestion pricing, revealing intriguing statistics and its effects on traffic. Finally, the impact of a recent court ruling on trade tariffs and the challenges faced by consulting firms amid federal budget cuts add a compelling layer to the blend of finance and market trends.
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NVIDIA Navigates Trade Restrictions
- NVIDIA's AI infrastructure demand remains strong despite US export controls hurting sales and inventory.
- CEO Jensen Huang suggests US restrictions on China might spur China's domestic chip industry growth.
NVIDIA's Export Control Hiccup
- NVIDIA created downgraded H20 chips to meet US export controls for China but ended up with excess inventory.
- This inventory mishap resulted in $4.5 billion in charges as shipments missed deadlines.
AI Token Demand Explodes
- Microsoft increased AI token processing 500% year-over-year, signaling rapid business adoption of AI.
- AI models generate a far larger amount of output tokens compared to inputs, showing exponential growth.