Nvidia Reports! And Berkshire Hits $1T 08/29/24

Squawk Pod

Nvidia reported surging demand for its chips, but after much anticipation around the company’s Q2 report, Wall Street was unimpressed. Semiconductors are part of America’s strategy for tech dominance; the White House’s former CHIPS Coordinator Ronnie Chatterji explains the players in the global chips game. OpenAI is eyeing a funding raise to bring its valuation to $100 billion, and Berkshire Hathaway is now in the $1 trillion club. Plus, CNBC’s Emily Wilkins is on the ground in Virginia, where federal employees are concerned about former President Trump’s proposal to move the workforce away from the DC-metro area.

Ronnie Chatterji 17:25

Emily Wilkins 25:39

In this episode:

Becky Quick, @BeckyQuick

Mike Santoli, @michaelsantoli

Robert Frank, @robtfrank

Katie Kramer, @Kramer_Katie