Nvidia generates $32 billion in last three months

NPR - Tech company Nvidia announced yesterday that it generated $32 billion in revenue over the last three months. In recent weeks, it reached a valuation of $5 trillion. The company is fueling much of Wall Street’s optimism surrounding artificial intelligence.

🎧 Tech, and AI in particular, makes up a huge portion of the stock market, says NPR’s Maria Aspan. AI-related stocks make up almost half of the value of the S&P 500. While Wall Street is pinning its hopes on the AI boom, the companies investing in the technology are not yet seeing significant tangible results. Aspan notes that it is essential to remember that the stock market is not the economy; it is often an indicator of the economy’s performance. Much of the AI boom is driving the market to record highs, which means investors may overlook questions about what is actually happening in the economy.