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
Nvidia Had Only Seen a Downside Surprise in Earnings vs. Expectations Three Times in the Last Ten Years
NVDA, Earnings Call : Nvidia says demand still far exceeds supply for its products. Conditions are "excellent" for continued growth into 2025. Nvidia spent $9.2 billion in cash on share buybacks. Data Center revenue of $18.4 billion is a new record and above expectations. Nvidia has not received licenses to ship restricted chips to China. -) Nvidia stock surged 8% in after-hours trading source : koyfin
$NVDA NVIDIA Q4 FY24 by App Economy Insights.
“Accelerated computing and generative AI have hit the tipping point.” ~ Jensen Huang. Nvidia crushed already high expectations: • Revenue +22% Q/Q to $22.1B ($1.6B beat). • Gross margin 76% (+2pp Q/Q). • Operating margin 62% (+4pp Q/Q). • Non-GAAP EPS $5.16 ($0.52 beat). Q1 FY25 guidance: • Revenue ~$24.0B ($2.0B beat). SUMMARY OF NVIDIA, $NVDA, EARNINGS CALL: 1. Nvidia says demand still far exceeds supply for its products 2. Conditions are "excellent" for continued growth into 2025 3. Nvidia spent $9.2 billion in cash on share buybacks 4. Data Center revenue of $18.4 billion is a new record and above expectations 5. Nvidia has not received licenses to ship restricted chips to China 6. Started to ship alternatives to China market in "small volumes". Source: App Economy Insights, The Kobeissi Letter
