Podcast Summary: “La economía de Hoy por Hoy | Nvidia bate récords de beneficios con casi 32.000 millones de dólares en tres meses, 65% más que hace un año”

Host: Àngels Barceló
Date: November 20, 2025
Podcast: Hoy por Hoy, SER Podcast

Overview

This episode of “Hoy por Hoy” focuses on Nvidia’s stunning financial performance, examining its unprecedented quarterly profits and the implications for both the tech industry and the broader debate about a potential artificial intelligence (AI) market bubble. The presenters, Àngels Barceló and her co-host, discuss key statistics, contextualize the news within prevailing anxieties over AI’s rapid growth, and weigh perspectives from industry leaders and financial authorities.

Key Discussion Points & Insights

1. Nvidia’s Record-Breaking Profits

• Nvidia announced a quarterly profit of $31.91 billion—the highest in its history (00:23).
• This marks a 65% increase in profits over the previous year.
• The company’s income has grown by 62% year-on-year.
• “Haciendo la cuenta sale que la compañía gana más de 14 millones de dólares cada día. Es una cifra histórica…” (Àngels, 00:23)
• Over half of Nvidia’s revenue currently converts directly to profit, an “elevadísimo” (exceptionally high) margin rarely seen, especially among large companies.

2. Nvidia vs. Spanish Banks: The Scale Put in Perspective

• Nvidia’s quarterly profits are “aproximadamente lo que ganan todos los grandes bancos españoles en un año” (Àngels, 01:36).
• “Todos juntos necesitan un año para ganar eso y Nvidia lo hace en tres meses.” (Co-host, 01:42)
• This comparison underscores the sheer scale of Nvidia’s growth relative to major global financial institutions.

3. Debate Around an ‘AI Bubble’

• There is ongoing speculation about whether the phenomenal growth in AI represents an unsustainable ‘bubble’, with fears that it might soon burst.
• Banks and tech companies alike have issued warnings:
  • The Bank of Spain, in a recent stability report, urged caution about excessive growth in the sector (02:13).
  • Sundar Pichai, CEO of Google, told BBC this week:
    “Hay elementos irracionales en el crecimiento de la inteligencia artificial y que si estallaba la burbuja ninguna compañía, tampoco la suya, decía, tampoco Google, iba a ser inmune.” (Àngels relaying, 03:13)
• However, Nvidia’s results challenge the ‘bubble burst’ thesis—at least for now.

4. Nvidia CEO’s Perspective & Market Reaction

• Jensen Huang, Nvidia’s CEO, dismisses the bubble fears:
  “Dice que lo ve muy diferente, que se habla mucho de burbuja, inteligencia artificial, pero que su opinión no casa con eso.” (Àngels, 03:51)
• Market volatility has been high in recent weeks, partly due to bubble worries. Despite this, Nvidia’s shares rose slightly even before the results became public, and pre-opening data indicated they would start the day up about 5% (03:55).

5. Takeaway: The AI Boom Continues

• For now, the “globo” (balloon) of AI growth has not deflated.
• The episode closes by reiterating the resilience of AI-driven tech growth and acknowledging the uncertainty about how long this can last.

Notable Quotes & Memorable Moments

• Àngels Barceló (00:23):
  “Son en concreto 31.910 millones de dólares lo que Nvidia ha ganado en sólo un trimestre. Haciendo la cuenta sale que la compañía gana más de 14 millones de dólares cada día. Es una cifra histórica…”

• Co-host (01:42):
  “Todos juntos necesitan un año para ganar eso y Nvidia lo hace en tres meses.”

• Àngels (03:13), quoting Sundar Pichai:
  “Hay elementos irracionales en el crecimiento de la inteligencia artificial y que si estallaba la burbuja ninguna compañía, tampoco la suya, decía, tampoco Google, iba a ser inmune.”

• Àngels (03:51), paraphrasing Jensen Huang:
  “Dice que lo ve muy diferente, que se habla mucho de burbuja, inteligencia artificial, pero que su opinión no casa con eso.”

Timestamps for Important Segments

• 00:23 – Details of Nvidia’s record earnings and growth.
• 01:36 – Comparison of Nvidia’s profits to Spanish banks.
• 01:46 – Discussion of ‘AI bubble’ anxieties.
• 03:13 – Sundar Pichai’s comments on AI market irrationality.
• 03:51 – Nvidia CEO’s dismissal of bubble concerns.
• 03:55 – Market reaction; Nvidia stock performance.
• 04:16 – Wrap-up of discussion.

Tone and Style

The segment is characterized by a measured but energetic tone. Discussants use vivid comparisons (“ganan en tres meses lo que los bancos españoles en un año”) to communicate the significance of the news, and emphasize both optimism (for Nvidia and AI) and cautions (bubble warnings), keeping the audience critically informed yet engaged.

For listeners seeking to understand the intersection of financial markets, technology, and macroeconomic anxieties, this episode offers a concise yet thorough analysis of Nvidia’s pivotal moment and its wider economic implications.