The prices of stocks are affected by literally anything and everything that happens in our world… But these happenings do not make themselves felt in Wall Street in an impersonal way, like so many jigglings on a seismograph. What registers…
Nvidia (NVDA) just released one of the most anticipated earnings reports I can remember. As expected, the numbers were excellent: Revenue: $22.1 billion; Gross Margin: 76.7%; EPS: $5.16. All of these numbers beat their own guidance as well as Wall…
Obviously the highlight of the week is Nvidia (NVDA) earnings Wednesday afternoon. As I wrote in my last blog, NVDA is guiding the Jan quarter to $20 billion in revenue and 75% gross margins. NVDA only provides quarterly guidance and…
S&P 5000. I can’t say I expected that 15 years ago when the market was crashing and the S&P fell below 700. It’s been an incredible run since then – led by the Big 5, now the Magnificent 7 (Tesla…
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…
The better than expected October CPI last Tuesday morning has ended the Fed’s rate hiking campaign. As you can see in the Fed Futures Probabilities charts above, the market is placing no chance of anything other than a pause at…
In an interview on CNBC’s Closing Bell Wednesday [SUBSCRIPTION REQUIRED], BTIG’s Chief Market Technician Jonathan Krinsky said that the current rally is either the weakest start to a bull market ever or the biggest bear market rally ever. He said…
Three months ago on the afternoon of Wednesday May 24, Nvidia (NVDA) gave surprisingly strong current quarter guidance in conjunction with its earnings report. The guidance for $11 billion in revenue in the current quarter blew away the consensus estimate…
A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process – NVDA CEO Jensen Huang, Press Release May 24…
While not quite as well known as The Big 5, semiconductor manufacturer Nvidia (NVDA) – with a $500 billion market cap – is one of the most popular and important stocks in the market – and it reports 4Q22 earnings…