Nvidia's market cap is now over $100 billion higher than all of the companies in the S&P 500 energy sector ... combined. $NVDA $XLE
Source: Charlie Bilello
Waiting for the pullback...
On October 31st, 2023, Nvidia, $NVDA, had a market cap of ~$950 billion. Since then, Nvidia is up 79% and just hit an all time high market cap of $1.7 trillion. In other words, Nvidia has added $750 BILLION in market cap in 70 trading days. That's an average of $10.7 billion PER DAY for 70 trading days in a row. Source: Trendspider, The Kobeissi Letter
Germany's exports to Kyrgyzstan were up 1200% in 2023 vs before Russia invaded Ukraine...
Source: Robin Brooks
Is the market pricing in a Trump victory?
Based on Goldman's Republican winners vs losers basket performance, it appears stocks are moving in sync with Trump's odds. Source: www.zerohedge.com
The short term gap is huge. NASDAQ futs vs US 10 year (inv), 10 min 3 mths chart.
Source: TME
Supply constraints for oil are on the horizon, according to Occidental
Source: CNBC
How $MSFT makes money
Source: Markets & Mayhem
Goldman's main points from the nvidia upgrade today
1. Non-GAAP EPS estimates for FY2025/26 increased by 22% due to strong AI server demand and better GPU supply. 2. Predicted decline in Data Center revenue in 2HCY24 revised to steady growth through 1HCY25, fueled by Gen AI spending and diverse customer base. 3. Growth supported by new product cycles, including H200 and B100, and expansion in cloud service provider investments. Source: TME, Goldman Sachs
