GPUs are harder to get than drugs...
Companies are desperate for GPUs (A graphics processing unit (GPU) is a specialized electronic circuit initially designed to accelerate computer graphics and image processing). Source: TME, CB Insights
$NVDA has rallied $222 per share in 2024.
Nvidia has 2.47 Billion shares outstanding. That's $222/share × 2.47B shares = $548B USA's largest bank, JP Morgan $JPM, has a total market cap of $504 Billion Said another way, Nvidia has added 1.1 x $JPM to its market cap in one month. Source: Trend Spider
Leave It Behind
NVDA 200 week moving average is down at $233 source : tme
Is nvidia the most fundamentally sound rally ever?
Chart below shows NVDA free cash flow per share vs share price. Source: TME, Goldman
Nvidia was only worth $9bn 10 years ago and is now worth almost $1.7tn, i.e. 184 times as much.
Source: HolgerZ, Bloomberg
$NVDA's top 4 customers account for 40% of revenues, and every one of them is actively working on their own custom AI silicon.
AI capex will keep flowing to NVDA in the short run, but what will happen when initial training is done and inference is done locally? Source: Supreme Bagholder
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
