Nvidia to Make AI Supercomputers Entirely in U.S. - Minute Briefing
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.
Charlotte Gartenberg: Here's your Midday Brief for Monday, April 14th, I'm Charlotte Gartenberg for The Wall Street Journal. Tariff uncertainty is powering surging trading on Wall Street. Goldman Sachs now joins JPMorgan Chase and Morgan Stanley in reporting a bigger profit for the first quarter, fueled by record revenue in its equities trading and lending unit. In the first three months of the year, Goldman's profit rose 15% to $4.74 billion, easily surpassing analyst expectations. Nvidia says it will start manufacturing AI supercomputers entirely in the US. In a blog post this morning, the graphics chip maker also said that this will be the first time that AI supercomputers, which are used to power data centers that solely process artificial intelligence, will be made completely in the United States. The announcement comes a day after the Trump administration said tariffs are coming for semiconductor imports. And US companies are going bankrupt at the fastest rate in 15 years. According to data from S&P Global Market Intelligence, more companies filed for bankruptcy court protection in the first three months of this year than in any first quarter since 2010. The largest industry blocks were industrial and consumer discretionary companies. We'll have more coverage of the day's news on the Wall Street Journal's What's News podcast. You can add it to your playlist on your smart speaker, or listen and subscribe wherever you get your podcasts.
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