On Wednesday, Nvidia, $NVDA, will report their Q4 2023 earnings results.
Since their last earnings report, on November 21st, the stock has gained an incredible 45% in value. Over these 3 months, the stock has added $600 BILLION in market cap. In other words, Nvidia has added an average of $10 billion PER TRADING DAY since their last earnings report. Can Nvidia continue its historic run? Source: The Kobeissi Letter
There seems to be no stopping Nvidia's scorching rally.
The day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well. Nvidia's stock has climbed ~49% YTD and added some $602bn in value, BBG has calculated. source : holgerz
NVIDIA is now bigger than the entire energy sector.
This makes sense because one is needed to get through everyday life. Source: Bloomberg
Nvidia's red-hot rally to start 2024 has pushed many Wall Street analysts to adjust their targets
at least 5 firms hiking price targets on the artificial intelligence-darling this month. This week, UBS lifted its target to $850 from $580, Mizuho raised its target to $825 from $625. Demand for Nvidia’s H100 AI accelerators continues to outstrip supply, Mizuho’s Vijay Rakesh wrote in a client note, calling the stock the best AI play. Source: Bloomberg, HolgerZ
BREAKING: Nvidia, $NVDA, is now the 4th most valuable public company in the world, worth $1.84 trillion.
Today, Nvidia's market cap passed both Google and Amazon for the first time in history. Since January 1st, Nvidia has officially added $650 BILLION in market cap. That's more than the entire value of Tesla in less than 6 weeks. Source: The Kobeissi Letter
Nvidia’s chart has turned vertical!
Source: Carbon Finance
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
