MARKET REPORT
NVIDIA BULLISH 📈
Nvidia (NVDA/NASDAQ) shares surged 8% in extended trading on Wednesday after the computer chip maker crushed its already sky-high earnings expectations. (All numbers in this section are in U.S. dollars.) Earnings per share came in at a scorching $2.70 (versus $2.09 predicted), while revenues totaled $13.51 billion (versus $11.22 billion predicted).
The incredible AI-powered run that Nvidia has been on in the last 12 months is wild. Here are a few facts and quotes resulting from Wednesday’s historic earnings call.
NOTABLE MARKET POINTS
. Nvidia's revenue is up 88% year-over-year.
. Nvidia's stock price is up nearly 240% year-to-date.
. Nvidia’s gross profit margin is over 70%, an unprecedented number for a hard-goods company. By comparison, Apple’s world-class gross profit margin is about 44%.
. Demand for Nvidia’s chips is still badly outpacing supply.
. Nvidia allocated $25 billion just to buy back its own shares. That’s roughly the equivalent of the entire combined budgets for the cities of Toronto and Montreal.
. Nvidia is now the fifth member of the U.S. tech company "Trillion Dollar Club."
AUGUST MARKET TREND
The theme for retail earnings calls over the past few weeks has been that consumers are increasingly under inflationary pressure and are looking to pare back discretionary spending on goods. This is likely music to the ears of the world’s central bankers, who are meeting in Jackson Hole this weekend.
Reminder: It’s time in the market that matters most!
when it comes to making long-term decisions, bttradeint continues to enlighten its investors about just how powerful compounding investment returns can be, as we look at how being fully invested in the 2003 stock market has had nearly a 650% return over the last 20 years.
The 10 best days in the stock market came alongside some of the scariest news headlines—not when the "experts" were telling you that you should feel safe;
and, if you "waited for things to settle down and get back on the right track," you easily could have missed most of the 20 best days to be in the stock market over the last 20 years, and that would have resulted in your $10,000 growing to an amount closer to $18,000 than $65,000.
Market trends have always favored the early investors in the past years and even at present across all market segments, from stocks and bonds to real estate, commodities, tech startups, and more.
Rising stock prices from the demand for products and services, we see the high demand in stock shares for big companies showing promising financial projections, i.e., (NVDA) NVIDIA, (TSLA) Tesla, and (AAPL) Apple. and now, in a similar pattern with the introduction and adaptation of artificial intelligence (AI), companies are generating millions of dollars in investments from shareholders and investors.
KEY NOTE.
Never forget that, as a whole, big corporations are really good at making money. It’s important to keep this at the forefront of your decision-making process and not allow recency bias to overcome your logical long-term investment strategy.
Corporations will continue to adapt strategies to ensure continuity in profit maximization, and the long-term investor's are at the forefront to benefit from higher yields at the end of every fiscal year.
UTILIZE ANY BTTRADEINT INVESTMENT PLANS TO ACHIEVE YOUR LONG-TERM FINANCIAL GOALS.
BTTRADE ANALYSIS TEAM
Sources: Yahoo Finance, Visual Capitalist,Kyle prevost. |
