NVIDIA sales hit record highs, but its growth potential comes under scrutiny.
Plus, more firings in Washington, including the freshly confirmed head of the CDC.
And is AI ruining job prospects for young Americans?
Steve Jobs famously described the computer as a bicycle for the mind.
His idea was that the computer could make people more efficient.
at what they do just as a bicycle can, to a degree that's been lost with AI.
A lot of AI is being developed as a replacement technology.
It's Thursday, August the 28th.
I'm Azhar Sukri for The Wall Street Journal.
Here is the AM edition of What's News,
the top headlines and business stories moving your world today.
We begin today with a closer look at Nvidia's earnings, also known as Wall Street's Super Bowl.
The chipmaker posted yet another set of record figures yesterday,
even with sales of its AI chips to China effectively shut off.
But its outlook for the third quarter was seen as lacklustre,
sparking worry that growth in demand for AI chips could be hitting a plateau.
Journal heard on the street columnist Dan Gallagher told us that when you're the only public company with a market value north of $4 trillion,
the potential to disappoint investors is high.
expectations are really, really high for NVIDIA.
This is a stock that's up 35% in just the last three months when there's been a lot of selling pressure on a lot of other tech companies.