GAYLE KING:
00:00:47
Yeah. It does mean that borrowing money just got a little cheaper. That's some good news. That's going to flow through to your credit cards, your auto loans, your adjustable rate mortgages. But a quarter of a point, it's not major relief when you've got prices that cumulatively have risen over the past five years faster than your wages. That's why people still feel that pinch.
GAYLE KING:
00:01:06
There had been so much resistance, though, to cutting it. Now, the second time in a year, it just seems interesting. Yeah. Let's talk about NVIDIA-- tech giant NVIDIA. I mean--
NATE BURLESON:
00:01:15
NVIDIA or NVIDIA? Is it Nivea? Is it-- NVIDIA. --skincare company? Is it-- Is it a skincare--
TONY DOKOUPIL:
00:01:21
NVIDIA, NVIDIA-- there they are. $5 trillion in cumulative investment in this company, that's their market cap. Wow. What do we make of that?
KELLY O'GRADY:
00:01:30
So this is historic. And I will say they reached this metric because there's the hope going into that Trump-Xi meeting that they'll be able to sell their most-advanced technological product, their chips, to China. That's still, the verdict's out. So you could see that valuation fluctuate a little bit. But I think the broader takeaway is the AI play, what is holding up the market. It is alive and well. Maybe the AI boom, too or the bust or boom--
NATE BURLESON:
00:01:54
Right, right.
KELLY O'GRADY:
00:01:55
But NVIDIA is one of those companies, they build the building blocks of the AI revolution. There doesn't have to be an AI winner. There just has to be an AI race for NVIDIA to win.
NATE BURLESON:
00:02:05
That's a good way to put it. All right. They are soaring, this company. Soaring. It is crazy. Yes. You're right about that. All right, Kelly O'Grady, thank you so much.
