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[5 minutes to read] Plus: Americans spend a record amount on food
Shawn O'Malley & Matthew Gutierrez
February 21, 2024
Sponsored by
By Matthew Gutierrez and Shawn O’Malley
After a “parabolic” stock rally, all eyes were locked on Nvidia earnings this evening.
The chipmaker recently surpassed the market capitalizations of both Alphabet and Amazon — no big deal or anything — as its stock price has soared fivefold since 2022.
On Wednesday after the bell, Nvidia did it again, crushing Wall Street estimates and growing sales 22% from the previous quarter.
— Matthew & Shawn
Here’s today’s rundown:
Today, we'll discuss the three biggest stories in markets:
China’s new stock measures
The first ‘shadow insider trading’ case
Food’s share of income near all-time high
All this, and more, in just 5 minutes to read.
POP QUIZ
The space company Intuitive Machines is on track to complete a moon-landing mission by Thursday. As its mission has continued successfully, its stock has surged. How much has it increased in the last month? (The answer is at the bottom of this newsletter.)
Chart of the Day
