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a shift is emerging in silicon valley, with nvidia's stock reaching record highs. the chipmaker dominates the ai market — and its valuation has just breached the 3 trillion dollar mark. it has now overtaken apple to become the world's second most valuable company. the bbc�*s erin delmore has the details from new york. wall street's on a record breaking run. the latest all time high closes for the s&p 500 and the nasdaq. the latter powered by, you guessed it, nvidia. the chip makerjoined the $3 trillion club on wednesday, overtaking apple as the world's second most valuable company. microsoft is still the world's number one. nvidia is only the third company to ever exceed $3 trillion in market value. it's leading in the race to develop the chips needed to enable new artificial intelligence applications. and that's where the other tech giants and a lot of companies are spending big bucks right now.
to business today. i'm steve lai. a shift is emerging in silicon valley, with nvidia's stock reaching record highs. the chipmaker dominates the ai market — and its valuation has just breached the 3 trillion dollar mark. it has now overtaken apple to become the world's second most valuable company. the bbc�*s erin delmore has the details from new york. wall street's on a record breaking run. the latest all time high closes for the s&p 500 and the nasdaq. the latter powered by, you guessed it, nvidia. the chip makerjoined the $3 trillion club on wednesday, overtaking apple as the world's second most valuable company. microsoft is still the world's number one. nvidia is only the third company to ever exceed $3 trillion in market value.
a shift is emerging in silicon valley, with nvidia's stock reaching record highs. the chipmaker dominates the ai market — and its valuation has just breached the 3 trillion dollar mark. it has now overtaken apple to become the world's second most valuable company. the bbc�*s erin delmore has the details from new york. wall street's on a record breaking run. the latest all time high closes for the s&p 500 and the nasdaq. the latter powered by, you guessed it, nvidia. the chip makerjoined the $3 trillion club on wednesday, overtaking apple as the world's second most valuable company. microsoft is still the world's number one. nvidia is only the third company to ever exceed $3 trillion in market value.
the market? >> yeah, well, if you want to find something that actually is the key driver toward this market movement it really is about tech stocks. we have looked at the magnificent seven being quite key, but actually it's all about nvidia sucking out all the air from this market. amidst a passing $3 trillion in market cap. then by the end of the trading picture, actually, even surpassed the valuation of apple. now nvidia is the second largest stock in the world with only microsoft in its peer review. at this rate who knows how soon it will surpass microsoft. the big question had been about demand as well as supply into the market of those a.i. semiconductors and chips then the market is looking towards. and what the runway looks like with inviv yud having recently launched another set of chips the market has said the runway
this day as all these speeches get made. but as you say, putting it into stock relief black and white that we are facing something incredibly dangerous and very similar to what happened all those years ago. and is everybody up to the task? that will be the big question politically? and in every other way. and just remember just like zelenskyy has sometimes, one could say maybe irritated some of his best benefactors by constantly asking, by constantly complaining that he's not getting enough churchill was exactly the same. they had a very very sophisticated operation to persuade president roosevelt to get into world war ii on behalf of them. and the rest of the continent in order to defeat the nazis, who the british and the europeans could see exactly what their aim was and help came late, but it came in time. and that turn the tide of history. and this is the
pump that helps the astronauts on the iss change urine into drinking water and important, no, you need that. >> yeah. >> so you remember the excitement of the dow jones hitting 40,000 investors are feeling the opposite of that right now, bank of america analysts say last week their clients sold off 5.7 billion more in stock than they purchase. that is the highest outflow since last july joining us now co-host of the ramsey show and author a breaking free from broke. george camel is with us, are in george. what's happening right now at the stock market? >> well, this happens every year, the investors before the summertime before they hit vacation, they sell off some stocks, but this does not represent the average investor like you and me. so i tell people don't jump off the roller coaster because you will get hurt. be a crock-pot in a world full of microwaves, you've got to think about the long term because as wealth is patients i love. >> would you say that there's any alternative other than the
getting the right size is back in stock, and just expanding the colours they have in store is because what we saw in the quarter was that traffic was actually up at the stores, which was an encouraging sign, which was an encouraging sign, which means that conversion is what we needed to increase and that had a direct impact and part of the reason our sales dipped. part of the reason our sales di ed. . , part of the reason our sales di- -ed. ., , , dipped. have they seen quite significant — dipped. have they seen quite significant growth _ dipped. have they seen quite significant growth in - dipped. have they seen quite significant growth in china, . significant growth in china, which has helped them overcome the problems they were seeing in north america?— in north america? absolutely. the growth — in north america? absolutely. the growth in _ in north america? absolutely. the growth in china _ in north america? absolutely. the growth in china was i the growth in china was spectacular, up about 45%. remember that mainland china is about 10% of lululemon's business so it continues to grow in china and that will help offset some of the lows in the americas but the americas are still the lion's share of their business, about 80%, and very important to the lululemon
years and several elections, donald trump has told americans that mail-in voting is rigged. but tonight he's making like nirvana and saying never mind the president and his campaign have announced a new program and it's aimed at promoting mail-in absentee voting along with her really in-person voting. now, that is quite the contrast to what trump has been peddling for the better part of a decade everyone knows mail-in ballots are a disaster. >> we must eliminate the absurdity of mass mail-in voting universal mail-in voting is going to be catastrophic. you look at some of the corruption having to do with the universal mail-in voting. they know it's going to be fraudulent. this is the greatest ganim in the history of politics, is going to make our country a laughing stock all over the world. we must return to the historical norm a voting in person on election day. we should eliminate the
46% don't have $500 saved for an emergency. 80% have lived paycheck to paycheck, despite strong stock market and gdp. a third feel stress about paying det as new fox power rankings show former president trump leading joe biden on issue of economy by 15 points. trump leads when it comes to border security, despite president biden's new executive action. >> todd: time for words i never put together, texas stock exc exchange? >> cheryl: this makes sense. there may be new stock trading sheriff in town. group backed by blackrock and citadel and others, two financial powerhouses are planning to start a new stock exchange in the state of texas. group making move in response to
that's the american voters seeing joe biden's cognitive fitness decline over the last four years. and yeah, that is big issue. i mean, joe biden's on the international stage today. he's he's obviously off to paris with world leaders who have known him for probably close to 20 to 30 years. they have witnessed the cognitive decline of joe biden and that's the scary thing about this issue, is is people have people in the world stage of known joe biden for 40 years, they've seen him when he was young and vibrant and now they see him when he's old and senile. and that makes america week abroad and that makes america week here. and that's the problem. it's not at age, it's as cognitive fitness. i mean, warren buffett's 91. i'd still take stock good vice from him. joe biden's at one i'm not going to take any legislative advice from him. >> i will say, though in terms of highlighting and voters seeing it, we have you can also document examples of donald trump fumbling over things, talking about nancy pelosi, color is something else i mean, you have seen these things. is what does it add up to?