Visualizing Nvidia's outsized growth and operating leverage by Quartr:
$NVDA Q1 2025 Revenue +262% *Data Center +427% *Gaming +18% *Professional Vis. +45% *Automotive +11% EBIT +690% *marg. 65% (30) EPS +629% Source: Quartr
A $2.4 TRILLION STOCK TOMORROW?
BREAKING: Nvidia stock, $NVDA, surges toward $1,000/share after reporting earnings and 10:1 stock split. The company posted record quarterly revenue of $26 billion on EPS of $6.12, both above expectations. This marks a 260% jump in year-over-year revenue for the 3rd largest company in the world. $NVDA is set to open tomorrow with a record market cap above $2.4 TRILLION. Nvidia continues to crush expectations. Source: The Kobeissi Letter
Japan's 10-Year Bond Yield hits 1% for the first time in more than a decade
Source: Barchart
BREAKING: TANGIBLE SIGN OF US CONSUMER WEAKNESS?
Target stock, $TGT, falls 8% after reporting weaker than expected earnings with a 3% revenue decline due to consumer weakness. Target's CEO said the decline reflects “continued soft trends in discretionary categories.” The company's store traffic fell by 1.9% less quarter and the average amount spent by customer also fell 1.9%. Consumers bought fewer everyday items like groceries along with fewer discretionary goods. Another sign that consumers are struggling. Source: The Kobeissi Letter
While the FED monetary policy is seen as restrictive, the Bloomberg US Financial Conditions Index is at record highs.
Risk premia in stocks and credit are near all-time tights as commodities are breaking higher. Source: Bloomberg
Aluminum appears to be the next metal getting sent as price surges to highest level since June 2022
Source: barchart
Is this sustainable? Nvidia results tonight might give us a clue...
Source: Mac10
A POSITIVE contrarian signal >>>
EQUITY mutual funds are working on their 82nd straight month of OUTFLOWS. Source: Bloomberg, Eric Balchunas
