🎙️ AI Tipping Point

[5 minutes to read] Plus: New insights from the Fed

Shawn O'Malley & Matthew Gutierrez
February 22, 2024

Together with 10 East

By Matthew Gutierrez and Shawn O’Malley

New ATHs. Tech stocks are flying. Retirement accounts are sitting pretty.

Thank you, Nvidia.

The S&P 500 hit another fresh record high today, and the Nasdaq posted its best day (+2.96%!) in over a year after Nvidia’s blockbuster earnings.

In Japan, Nvidia’s results helped the Nikkei stock average surpass its 1989 all-time high. It’s Nvidia’s market right now, and we’re all witnesses.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the three biggest stories in markets:

Nvidia sales reach new heights
Breaking down the latest Fed minutes
Kenya cracks down on access to crypto exchanges

All this, and more, in just 5 minutes to read.

Pop Quiz

As we cover below, Nvidia’s stock has been on a whirlwind rally after consistently crushing earnings expectations, thanks to the AI boom. What’s the company’s market share in the AI computer chip market? (The answer is at the bottom of this newsletter)

Chart of the Day

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