Big things…
2024 will be the year of “Big Things.”
And no – I’m not talking about the election, any war or the Chinese government taking out our power grid…
I’m talking about the tech world’s impact on the world markets.
Over the past few weeks – some of the biggest names in the tech world have been releasing their earnings…
And while some of them have been stellar – there was one company that the markets were waiting for: Nvidia.
The world’s top chipmaker has been the darling of Wall Street for a few years now – and that status has only grown with the rise of AI.
Well, Nvidia has finally dropped its numbers…
And the results were?
Well, unless you’ve been paying attention – you’ll have to keep reading to find out!
In a world where envy is usually the preserve of social media influencers…
Nvidia (NVDA) just turned the entire tech industry green with envy.
That’s right, ladies and gentlemen…
The chipmaker – in a move that’s about as subtle as a sledgehammer – reported results that have everyone else in the tech playground looking like they brought a knife to a gunfight.
Let’s get into the nitty-gritty, shall we?
Nvidia’s recent financial results were like the season finale of your favorite binge-worthy series – highly anticipated and over the top.
The company didn’t just hit the ball out of the park – it launched that sucker into another galaxy.
Analysts, bless their little hearts – had doubled their revenue expectations for Nvidia’s 2024 fiscal performance…
Meanwhile, investors, possibly on a sugar high – boosted the stock by 40% this year alone.
But of course, even amidst all this optimism – there were fears.
Fears such as the US government’s “no chips for you” policy towards China would be a wet blanket on Nvidia’s fire.
Spoiler alert: it wasn’t.
In a plot twist worthy of a daytime soap – Nvidia not only shrugged off these concerns – but did so with so much style, that it deserves a slow clap.
It pulled in a cool $22.1 billion in revenue last quarter.
That’s not just a number – it’s a proverbial mic-drop moment that beat the $18 billion from the previous quarter and trounced the expectations of $20.6 billion.
And just when you think it’s done – it forecasts even more glitz and glam for the next quarter…
With sales estimates of $24 billion.
At this point, Nvidia isn’t just flying past predictions – it’s doing donuts around them.
Now, let’s zoom in and talk about FOMO…
That chip ban DID leave a mark on Nvidia’s sales – and China’s contribution to its revenue is taking a nosedive from 20% to under 10%.
But…
Let’s not weep for Nvidia just yet. With clients like Microsoft (MSFT) and Amazon (AMZN) – and a world hungry for AI – it’s not exactly in dire straits.
Nvidia’s not just playing the game…
It’s rewriting the rulebook.
It’s elbowing its way to become the third-biggest company in the US…
Joining an elite tech squad that has solidified the American market as place of innovation.
Of course, there are murmurs about overinflated tech stock prices – a dotcom bust 2.0 kind of scenario…
But with Nvidia’s iron-clad profits and projections – betting against it might just be the biggest gamble of all.
The question is…
Is it a currently profit play?
As you know, just because a company is KILLING it – doesn’t mean it’s a good time for investors to jump in.
The numbers need to be right…
And if you don’t know what the data says – the smart move would be to find somebody that does.
GorillaTrades knows.
Our entire philosophy is based on analyzing the data – and when the numbers are right – we make our move.
We’d love to show you how it’s done…
Which is why I’m asking you to become a member of GorillaTrades today – because I know we can help you find the real movers and shakers in the markets.
Or… you can keep doing it on your own.
Either way – we’ll be here if and when you need us.
Until then, keep your eye on Nvidia – as it goes – so does the rest of the tech world.
“Don’t ever promise more than you can deliver, but always deliver more than you promise.” – Lou Holtz