Locator: 51557NVDA.
Texas, Minnesota, ICE:
Nvidia results are out.
- after announcement: NVDA down 1%; not unusual for these events;
- in the big scheme of things -- nothing has changed.
- beat on top and bottom lines
- revenue: huge beat
- EPS: huge beat
- data center revenue: $89 billion vs $86 billion
- 3Q revenue outlook: $108 billion vs $104 billion
- think about that: $100 billion revenue every quarter
- however, GM reported $50 billion revenue last quarter
- Vera Rubin in full production
- Gene Munster: is okay with the numbers.
- 3Q26: gross margin of 74% vs 74.7%.
- market cap: $5 trillion
- analysts expect this company to have a $7 trillion market cap (usually projections of this type are one-year)
- now, during the earnings call, NVDA is now up significantly. Finally, folks are getting smart -- NVDA up almost $10/share; up almost $5.
Anthropic making big announcement on CNBC: Claudeforce --
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After the deal, Salesforce stock (CRM) surged. Up 13% after hours. OKTA, unrelated, was also up. I have positions in neither CRM or OKTA. None. Nade. Except in mutual funds or ETFs.
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
