$NVDA publishes its Q1 FY 2025 report today.
The company is now the third-largest in the world, trailing only $MSFT and $AAPL, after seeing its market cap rise by 200% over the last year alone. Will the brutal momentum continue? Source: Quartr
All eyes are on Nvidia this week: Nvidia, $NVDA, earnings alone drove 42% and 37% of the S&P 500 year-over-year EPS growth in Q3 and Q4 2023.
The company also accounted for 11% of the entire S&P 500's return over the last 12 months. In Q1 2024, Nvidia’s contribution to the S&P 500's EPS growth is estimated to reach ~40%. Nvidia's Q1 2024 EPS and revenue are projected to grow by 474% and 241%, respectively. Source: The Kobeissi Letter, BofA
Nvidia, $NVDA, has now added $400 BILLION in market cap since its bottom on April 19th.
That's $400 billion over 11 trading days or $36 billion PER TRADING DAY. After falling over 20% from its high, $NVDA is currently just 6% away from a new all time high. It's officially the 3rd largest public company in the US and one of four with a $2 trillion+ market cap. Source: The Kobeissi Letter
Nvidia drawdown in perspective...there might be more to come...
Nvidia has declined 20% from its peak in March, the largest pullback in over a year. Market cap has moved down to $1.9 trillion from a high of $2.4 trillion. Still up 173% over the last year. $NVDA Source: Charlie Bilello
Nvidia's $NVDA Revenue by product segment over the last 5 years
Source: Visual Capitalist
Nvidia $NVDA closed below its 20D moving average for only the 3rd time this year 👀
Source: Barchart
What are the biggest shorts?
Microstrategy $MSTR is one of the biggest shorts in the entire US market. Nvidia $NVDA is currently leading the pack. Source: Bloomberg
Analysts are forecasting Nvidia's annual revenue will jump to $131 billion by 2026, more than double the $61 billion recorded in the fiscal year that just ended.
$NVDA Source: Charlie Bilello
