Nvidia's Earnings Q1 2024

Nvidia reports stratospheric growth as AI boom shows no sign of stopping

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How wants to talk about Nvidia’s Earnings?

As an emerging tech analyst with over 10 Newsletters covering various aspects of emerging and exponential technology, I’m always watching the actual performance of stocks and firms on the actual markets, since that’s a huge part of this all.

It seem the AI bubble will last a little longer due to Nvidia’s strength and it was pretty telegraphed.

AI’s Bubble Talk Takes a Bite Out Of The Euphoria 🌊

One quote basically summed up all you need to know:

Nvidia’s revenue soars 262% on record AI chip demand.

We knew this would be the case due to Blackwell’s improvements and the demand from others like Google and Tesla, as well as more orders from Microsoft and Meta.

The likes of Nvidia, TSMC and AMD obviously wouldn’t exist without Taiwan, coincidentally. How could such a small island hold so much power in the future of technology?

Read Semiconductor Things

• Semiconductor Things.

• The pivotal Generative AI hype stock rose in extended trading over the $1,000 per-share threshold. With a 10-1 stock split, this company will soon be worth $2.5 Trillion (if it isn’t already by the time you see this).

🚀 CEO Jensen Huang said the company would begin to see revenue from its next-generation AI chip, called Blackwell, later this year.

The Magnificent Five are Holding up Record U.S. Markets

1. Nvidia

2. Microsoft

3. Google

4. Amazon

5. Meta

For the purposes of AI, we can forget about Tesla and Apple (at least until WWDC)

Never have a few companies has such a market sway over well, the entire S&P or NASDAQ.

Nvidia is the poster-child of demand for AI chips and datacenters and therefore, for Generative AI compute. Even as Generative AI companies are struggling to make real revenue.

Nvidia Announces a 10-for-1 Stock Split.

This will make Nvidia’s stock more affordable and less volatile. Overtime it should allow its market cap to go even higher. Nvidia peaks somewhere in-between 2025 and 2026, so we are a ways from that but 2023-2024 has been the Inflection point.

Nvidia’s stock is up 97% this year so far as of May 22nd, 2024.

Nvidia’s quarterly earnings report has become a way for investors to gauge the strength of the AI boom that has transfixed markets in recent months.