Chip companies like Nvidia (NVDA) have skyrocketed since the AI spending boom took off, doubling their revenue every quarter. However, Nvidia's latest earnings report, despite topping expectations, disappointed investors looking for returns on the monumental spending. Catalysts Host Madison Mills digs into a Wall Street Journal chart showing the capital expenditures of AI hyperscalers since 2020, and discusses whether investors will see returns on their AI plays in the near future. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
In a wide-ranging conversation with Goldman Sachs' David Solomon, Nvidia CEO Jensen Huang addressed the potential of AI, Nvidia's business, and more.
U.S. e-commerce giant Amazon.com is in South Africa for the long run, its regional marketplace head said on Thursday, after its first foray into Sub-Saharan Africa four months ago. Africa's most advanced economy is usually seen as a good entry point for companies to expand into the continent and Amazon could be doing the same, analysts have said. Its entry comes amid a sharp rise in online shopping in South Africa after the pandemic created an opportunity for e-commerce to finally take hold, with retailers including Naspers-owned e-commerce leader Takealot.com doubling down on investments in response.