Nvidia is within single digits now of becoming the world's most valuable company $NVDA
•5% away from Apple •6% away from Canada •9% away from Microsoft Source: Bloomberg, HolgerZ
Nvidia $NVDA announced the next generation of its artificial intelligence processors on Sunday in a surprise move less than three months after its most recent launch.
At the Computex conference in Taipei, the chipmaker’s chief executive Jensen Huang unveiled “Rubin”, the successor to its “Blackwell” chips for data centres, which are currently in production after being announced in March. The unexpected move to reveal its next wave of products before Blackwell has even started shipping to customers shows how the world’s most valuable chipmaker is racing to entrench its dominance of AI processors, which has propelled it into the ranks of the world’s most valuable companies. “A new computing age is starting,” Huang said, as Nvidia also unveiled new AI chip deals with PC makers. Source: FT https://lnkd.in/edmWpGEZ
Abercrombie & Fitch $ANF making Nvidia $NVDA shareholders look poor...
Abercrombie & Fitch reported its financial results for the first quarter today. Here's what its CEO Fran Horowitz said in a press release on Wednesday. Abercrombie & Fitch stock is now up close to 70% versus the start of 2024. Source: Conor Mac, InvestmentTalkk
If you exclude $NVDA from the Mag 7, it would be trailing the S&P 500 YTD.
Source: Koyfin
Nvidia has added the size of LVMH in market cap since last week...
Source: Quartr
$NVDL (2x Nvidia ETF) went from 0 to 1,452% return in 350 days since launching..
The ETF now has $2.7b in assets and $1b/day volume. Source: Eric Balchunas, Bloomberg
The Semiconductor Index, $SOX, relative to the S&P 500 has once again exceeded Dot-com bubble levels.
The Semis vs S&P 500 ratio has roughly doubled in just 2 years. This comes after a massive semiconductor sector rally of 85% compared to a 35% gain in the S&P 500. The rally has been led by NVIDIA, $NVDA, which has seen a 560% surge during this time. Meanwhile, the top 10% of stocks in the US now reflect ~75% of the entire market, the most since The Great Depression of 1929-1939. Source: The Kobeissi Letter, Bloomberg
The higher a stock's price goes, the more expensive it gets. Right? Well, not always.
A year ago, when NVDA was selling at $277, its earnings per share was $0.82 and its P/E ratio was 147x Today, NVDA's share price is up +284% to $1,064.... BUT... Its earnings per share is up +629% to $5.98. Its P/E has fallen to 62x... forward P/E is now at 30x So, NVDA is CHEAPER today than it was a year ago. Source: Adam Khoo Trader, Piranha Profits
