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Market Mondays

Market Report: NVIDIA Earnings Soar, Stock Skyrockets!

Market Mondays

EYL Network

Business, Entrepreneurship, Investing

5.04.1K Ratings

🗓️ 1 September 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

In this video, we dive deep into NVIDIA's latest earnings report and the incredible surge in their stock price. Discover the factors driving this growth and what it means for investors and the tech industry. Don't forget to subscribe for more updates! #NVIDIA #stocks #tech 


Link to full episode: https://www.youtube.com/live/9PP5G36uA4Y?si=J3x1Wm6FCtWSdgzW (https://www.youtube.com/live/9PP5G36uA4Y?si=J3x1Wm6FCtWSdgzW)



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Transcript

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0:00.0

At TFL, we're making journeys safer for everyone, and that includes improving safety on London's roads.

0:07.4

That's why we and London boroughs are lowering more speed limits to 20 miles per hour,

0:12.3

because 20 miles per hour roads have already reduced collisions resulting in deaths or

0:16.8

serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone.

0:24.8

Such TFL improvement plan to the Mayor of London and TFL every journey matters.

0:30.0

Well, let's talk about what the biggest news was last week in video.

0:35.5

So, if you've been following Unilegia Market Mondays and Dunlap, you understand that we've

0:41.9

been talking about in video for a while. They're the company that are the leaders in the space when

0:46.1

it comes to computer chips, right? And they're dominating the space they've been dominating for a

0:52.1

while now, and they blew out their earnings last week, reporting $6 billion in pure profit.

1:01.1

As a result, at its peak after hours that day, the stock went up $40. By the time the market

1:08.5

opened it was down because the general stock market was down that day. But yeah, it was

1:14.4

a huge, huge, huge Q4. I think it was 13.5 billion in revenues and Q2 in Q2 revenue.

1:26.0

And a record 10 billion came from data centers, a sector that saw its revenue double within

1:35.9

a quarter. Nvidia's profits soared by 843% year-over-year, amounting to...

1:43.6

Can you say the number again?

1:45.1

843% year-over-year. And once again, it's amounting to $6 billion in profit.

1:53.1

So, obviously, the stock has gone well. So now, I guess the biggest thing is that

2:00.0

some people are saying it's overvalued, or it's not sustainable, or it's a, you know,

2:07.1

bound to have a sharp pullback connection.

2:13.7

But we got to start with one thing really quickly, because it could be confused, right?

2:18.7

Like we say, they're controlling chips. All chips aren't equal, right? So they're making

...

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