Altcoins News
By James Thorp
1 / 15
The Earnings Numbers Were Genuinely Big. Nvidia's quarter wasn't close. Revenue hit $96.2 billion — up 106% from the same period a year…
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Tom Lee's Take and the Skeptics Waiting in the Wings. Fundstrat's Tom Lee had an interesting read on what drove the unusual move.
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Politics Is Now Part of the Nvidia Story. There's a newer wrinkle that's probably underappreciated.
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Nvidia had a wild week. Shares jumped 8.74% on August 27, a rare post-earnings pop for a company that's basically made a habit of beating Wall Street and then watching its stock…
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By the following day, the stock had dropped 4.57%, closing at $217.55. About $250 billion of those gains were gone by week's end. Fast money, fast exit.
6 / 15
Nvidia's quarter wasn't close. Revenue hit $96.2 billion — up 106% from the same period a year earlier. The company then projected $108 billion for the next quarter.
7 / 15
Before the August 27 surge, Nvidia shares had already slid from $225.30 to $208.48 over seven sessions between August 14 and August 24.
8 / 15
Fundstrat's Tom Lee had an interesting read on what drove the unusual move. He said investors pulled money out of other positions to chase Nvidia's momentum — a kind of funding…
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Salesforce had a strong week too, for what it's worth. The software company rose 22.58% on its own earnings results, which actually outpaced Nvidia's single-day gain.
10 / 15
More context: Bitcoin Surges Past $80,000, but $617 Billion Still in Losses
11 / 15
But not everyone's buying the bull case. Jay Goldberg at Seaport Research Partners kept a sell rating on Nvidia. His argument isn't that the demand isn't there — it clearly is.
12 / 15
There's a newer wrinkle that's probably underappreciated. Opposition to new data center construction has become a legitimate political issue.
13 / 15
The company's chips power the servers that fill those data centers. If the centers don't get built, or get delayed, that's a demand problem that has nothing to do with Nvidia's…
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So you've got a company reporting 106% revenue growth, projecting $108 billion next quarter, trading at a compressed earnings multiple — and still facing a ceiling on upside…
15 / 15
More context: Dallas Fed Warns Tokenized Deposits Could Lead to $700 Billion Credit Crisis
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