Welcome to the Tech Meme Right Home for Thursday, February 22nd, 2024.

I'm Brian McCullough today.

The most important tech company in the world right now reported earnings yesterday and they were

historic. Stability AI is previewing Stable to Fusion 3.0. Google has to fix some of its

AI image generation details. Amazon is getting aggressive about bringing sports to

streaming and has a startup we've never mentioned made a big AI breakthrough.

Here's what you miss today in the world of tech. Well as Intelligencer put it last night the most important stock on planet Earth

just got even bigger after the bell yesterday in Invidia reported Q4 revenue up

265% year on year to $22.1 billion.

Data center revenue, which is where all of that AI stuff lives, was up 409% to $18.4 billion.

And in videos going forward, Q1 revenue forecast came in above estimates.

So let me repeat that. Overall revenue grew

265% and data center revenue grew a whopping 409% and that's on a year

over year basis. And it's not like those were small numbers to begin with, like going

from millions of dollars to tens of millions. This was tens of billions of dollars going to

bigger tens of billions. To quote Gung-jan Banergy on thread, going to bigger

bigger tens of billions. To quote Gung-John Banergy on threads. For context, none of its

mega-cap peers Apple, Microsoft, Amazon Meta have ever expanded revenue that fast

from a similar starting point end quote.

Invidia stock jumped more than 10% overnight on the news and to put that in context

going up 10% when your market cap is 11.7 trillion suggests that Invidia is adding $170 billion in value

overnight. The average market cap of a company in the entire S&P 500 is 50 billion dollars.

...