Nvidia is riding the AI wave

The computer chipmaker Nvidia doubled its revenue from a year ago due to a surge in demand for special chips used to run AI systems like ChatGPT. We’ll get into the geopolitical backdrop of the current chip boom. And, half of today’s homebuyers are first-time purchasers despite a historically unaffordable housing market. We’ll unpack that paradox. Plus, have you played Tradle yet?

Here’s everything we talked about today:

• • “Nvidia Revenue Doubles on Demand for A.I. Chips, and Could Go Higher” from The New York Times

• • “Can I Afford a House: Higher Mortgage Rates Have Not Deterred Some Buyers” from Bloomberg

• • “The Housing Market Has Never Been This Unaffordable for New Buyers” from Business Insider

• • “Home-builder ETFs jump after data show new-home sales rose in July despite high mortgage rates” from MarketWatch

• • “Ford Confronts Strange, Ear-Piercing Static in F-150 Trucks” from The Wall Street Journal

• • Play the Observatory of Economic Complexity’s Tradle game

Got a question for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.