Nvidia Wrap -- February 24, 2024

Locator: 46892NVDA.     

Does anyone really have time to read all these articles, or do we simply read the headlines, and move on ? Link here. I know one famous investor sits in his office and reads 10-Ks all day long. Was tech even mentioned in "The Letter" this year? It's almost as if "tech" is a four-letter word for some investors.

Barron's take, link here.

After clearing an already-high bar for its earnings on Wednesday, Nvidia’s stock gained $276.65 billion in market value on Thursday, the largest one-day gain for any company on record.

That’s larger than Meta’s record one-day market value gain of $204.49 billion, set on Februay 2, 2024.

Nvidia blew past expectations for its fourth-quarter earnings and revenue, and gave current-quarter guidance that well exceeded expectations.

Nvidia shares hit an intraday high of $785.75. With a current market cap of $1.963 trillion, Nvidia also easily surpassed Amazon.com and Google-parent Alphabet to become the third-largest U.S. company by market value, after Microsoft and Apple.

And, by the way, they did this with one hand tied behind their back:

• Biden's doling out money to all "chippers" except Nvidia;
• Biden has specifically designated Nvidia, among all the "chippers," as the biggest threat to US security
• has banned sale of high-end / high-margin Nvidia chips to #2 global buyer, China
• Biden's favs: Intel and GlobalFoundries
  
• Nvidia was able to pivot quickly; seed corn will show results this year

P/Es and P/Ss, link here:

The superlatives keep coming, link here: 

Apple leads the list:

• of the eleven cited, the oldest goes back to only 2020 -- speaks volumes about coming out of the pandemic
• of the eleven cited,
• Apple: four
• MSFT: two
• Nvidia: two
• Meta: one
• Amazon: one
• Tesla: one

Is this useful? Link here.

NASDAQ, link here: