Mag 7 profit growth is 50% NVDA!
Source: Bloomberg
.. here’s the incredible part .. when the market bottomed in Oct of 2022, $NVDA had a market cap of $280bn and a 12-month forward P/E of 32x.
“.. on Thursday, it added $276bn of market cap in one day alone, rounding up to $2tr, and the P/E is now ... 33x.” Source: Carl Quintanilla
Should Nvidia have a higher market cap than Google and Amazon?
$NVDA $GOOGL $AMZN Source: Charlie Bilello
Yesterday was one of the most distorted markets we've seen yet. Just 2% of the index contributed over 60% of the bullish momentum.
That means ONLY TEN companies were the cause of well over half of the move in $SPX yesterday. $NVDA single handedly contributed an additional 50bps to the return in $SPX. Source: Hedgeye
Nvidia has now surpassed Germany's DAX in market capitalization.
Valued at just under $2 trillion, the chip company, established in 1993, now exceeds the total value of the DAX, which includes 40 companies, some over 130 years old. Source : HolgerZ
Nvidia has added nearly $250 billion in market cap so far today.
This puts the stock on track to post the biggest single-day market cap gain in stock market history. The previous record? -) Meta, 20 days ago ... source : The Kobeissi Letter, bloomberg
Nvidia, $NVDA, has added nearly $250 billion in market cap so far today.
This puts the stock on track to post the biggest single-day market cap gain in stock market history. The previous record? It was Meta, $META, just 20 days ago after reporting their quarterly earnings. Nvidia is now just 5% away from being the third US company with a $2 trillion+ market cap. Big tech stocks are getting bigger. Source: The Kobeissi Letter, Bloomberg
To put things into perspective. As Nvidia's profits have risen faster than its share price in recent years, share is trading at a P/E ratio of ~30.
But of course, this is also due to the high margins. If they were to be disrupted at some point due to increasing competition, the low valuations would be over. Source: Bloomberg, HolgerZ
