The Real Investment Show Podcast

8-29-24 Nvidia Knocks the Cover off the Ball


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Nvidia reports very strong revenue growth, up 122%, in its latest quarterly results. The chip maker is still seeing earnings beat estimates by a decent margin, and is announcing a $50-billion stock buy back program (Nvidia recently executed a stock split). Nvidia shares traded down about 7% following their report, most of which had aleady been recovered by this mornining, pre-market. Because of the unusual weight of pressure against disappointment, we trimmed our positions earlier this week. A big concern about these chips is supply and demand. Nvidia owns about 85% of the overall GPU market for data centers. There has not been enough supply of these chips to meet demand, which has fueled the company's growth, and fueled revenue by 122%. That cannot last. Up next is the next-gen Blackwell chip, and demand expectations are very high. The rate of growth will be problematic simply due to the law of large numbers and the size of the company. Nvidia makes up 6% of the S&P and nearly 12% of the NASDAQ; as goes Nvidia, so goes the market. If disappointment continues, markets will reflect the same. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=2e1WEWVHDKs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Nvidia #GPU #DataCenter #Chips #BullishTrend #MarketCorrection #MarketRally #Oversold #Overbought #NvidiaReport #MarketBullishness #MarketCorrection #ConsumerConfidence #MarketVolatility #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing
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