Nvidia To Make AI Supercomputers in Texas & Goldman Sachs Cashes In for Q1
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What are the trends and financial strategies behind Coachella ticket sales?
Neil, my Instagram feed has been filled with Coachella goers this past week as hundreds of thousands flocked to the California desert to rub shoulders with Timothée Chalamet and spend $650 a pop on a ticket. And if you're thinking to yourself as your fingers tap through yet another story of Lady Gaga's set, dang, do all my friends got it like that? The answer is probably no, they do not got it like that. According to a Billboard report, more than half of all general admission attendees bought their tickets through payment plans this year. Back in 2009 when the festival first launched its payment plan program, 18% of attendees used it. Now that number is around 60%. Recession indicator, Neil, just bad money management or worth it?
Well, the first thing to know about this is Coachella is not the only music festival that gets a majority of its tickets through these payment plans. Lollapalooza, Electric Daisy, Carnival, Rolling Loud all sell a majority of their tickets using some kind of payment plan system. And then to your question of whether these people are financially illiterate, I think the opposite. I think they're Finance experts, because back in college, I did learn a few things, and one of them was the time value of money. A dollar today is worth more than a dollar tomorrow. So if you can get an interest-free plan to keep money now instead of spending it now, that is savvy.
Assuming you can pay it off, it is savvy, Neil. Look at you, Neil, encouraging people to live in the moment. Now a word from our sponsor, Planet Oat. Neil, you know what makes the foundation of a good relationship?
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Don't settle for less than perfect. Pick something that will make your life better. Visit planetoat.com for more. The most valuable chip maker on Earth just made a very pro-American manufacturing move. Nvidia announced yesterday that it's bringing over a million square feet of AI chip manufacturing to U.S. soil, ramping up operations in Arizona and Texas. The company's next-gen Blackwell chips are already in production at TSMC's FABs in Phoenix, while new supercomputer factories are being built in Houston and Dallas. Within four years, Nvidia says it's directing $500 billion worth of AI infrastructure spend towards the good old USA. But beneath the bold promises of bringing manufacturing back, made in USA is easier said than done.
The US lost its manufacturing dominance decades ago, not just because of globalization, but because Americans got wealthier, started spending more on services, and lost their knack for mass production. Factory employment peaked in the 1950s, but today,
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Chapters
6 chapters
1
What are the trends and financial strategies behind Coachella ticket sales?
1:03–4:15
2
Why is Nvidia building AI supercomputers in Texas and what does it mean for US manufacturing?
4:15–12:26
3
How is Goldman Sachs profiting from market volatility in Q1?
12:26–16:27
4
What is the significance of Blue Origin’s all-female space crew mission?
16:27–23:15
5
Why are restaurants adding caviar to more menu items and what trend does it signify?
23:15–25:45
6
Why are original movies struggling at the box office compared to franchises and sequels?
25:45–28:41
Speakers
3 identifiedMore from Morning Brew Daily
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