Know The Difference Minute

The chipmaker joins the likes of Apple, Microsoft, and Meta, but not everyone gets to stay in the Trillion-Dollar Club. 

What is Know The Difference Minute?

Hot topics, fresh stories and useful formation; all in 60 seconds

Nvidia’s big day.
Welcome to the Know the Difference Minute for Tuesday, May 30th.
Tech companies are racing to add generative AI tools to their products—which means a chipmaker like Nvidia is sitting pretty.
More than pretty. How about $2 billion in profit last quarter? Sure helps when you’re a key supplier to any company hoping to integrate AI into a product.
Today was trillion-dollar day for the chipmaker. After the opening bell and with shares over $400, Nvidia hit a market cap of a trillion dollars. It joined Apple, Microsoft, Amazon, Google, and Meta in the club. However, it’s important to note that not everyone stays there.
Is this whole AI thing for real? Our Annex Wealth Management SWOT podcast takes a deep dive on it this week. It’s a great episode that you can find wherever you get your podcasts.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.