Been busy at running practice, etc., so haven't been checking after hours moves, but the god damn thing was up +1.69% after hours. And that is on top of a almost 5% in the regular session.
Yowzer.
200 in the g-damned rear view mirror.
Took Sally almost a year to get there. I know a lot of hard work and effort went into this, so good job. :-)
NVDA took only 110 days to go from $4 Trillion to $5 Trillion market cap.
This post was edited 15 minutes after it was posted.
Been busy at running practice, etc., so haven't been checking after hours moves, but the god damn thing was up +1.69% after hours. And that is on top of a almost 5% in the regular session.
Yowzer.
200 in the g-damned rear view mirror.
From Tom Hearden:
Yesterday in the S&P 500 104 up 398 down 1 unchanged the index closed +23 basis points ex NVDA (added 40 bps) it was down 17 bps
I actually owned NVDA back in 1999. Flipped it a couple times, probably made $1,000 to $2,000 as I recall.
Been busy at running practice, etc., so haven't been checking after hours moves, but the god damn thing was up +1.69% after hours. And that is on top of a almost 5% in the regular session.
Yowzer.
200 in the g-damned rear view mirror.
From Tom Hearden:
Yesterday in the S&P 500 104 up 398 down 1 unchanged the index closed +23 basis points ex NVDA (added 40 bps) it was down 17 bps
I actually owned NVDA back in 1999. Flipped it a couple times, probably made $1,000 to $2,000 as I recall.
Glad owning Nvidia worked out for you.
I've owned it for a long time, though not sure for how long since my former brokerage - Ameritrade- is no longer in business and it would take too long to sort through paper statements to figure the buys and sells.
Regardless, it would be more appropriate to say that I don't own Nvidia so much as it owns me.
$NVDA is a 5 trillion market cap company with only 11.6bn$ of cash at the bank and running a ~70bn$ stock buy back programme - pretty much like a newborn kid wearing his parents clothes
The thing all you 'AI bubble' folk might be missing is that every new worker replaced by AI means that OpenAI or whoever, and usually Nvidia as well, effectively gets a share of the salary that was being paid to that person. Massive future revenue is not even dependent on AGI being reached. Even if AI doesn't progress much, people will figure out how to automate millions of jobs with it. If AGI is reached, there's nothing to stop the big AI companies (or maybe even just one of them who got their first) from spinning off their own companies that would dominate each sector.
Joint Initiatives Span Infrastructure and Open Model Optimizations, Offer Major Strides in Robotics, Drug Discovery and MoreSAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- Building on ...
All of that seems too neat to me. My simple view is the AI hype is a massive bubble, unlike anything seen before, with most assets pushed higher by unhinged deficit spending by the Government, corporations, and individuals.
One has to wonder how long NVDA can maintain net margins ( profit ) > 50% and what that tells us about the existence of competition within American capitalism.
All of that seems too neat to me. My simple view is the AI hype is a massive bubble, unlike anything seen before, with most assets pushed higher by unhinged deficit spending by the Government, corporations, and individuals.
I'm of two minds on AI. There is hype and irrational exuberance, so at some point this thing will grow too big and pop. But at the same time, AI represents a step change in society, much like the early development and adoption of the internet, and the attendant dot-com boom and bust. I've written before that I'm convinced this thing will burst, but I have no idea how long it will run first. Could be months, could be years. I'm inclined to believe there are 2 to 5 years left in this AI bull before the top blows off, but I'm reminded how I felt just before the dot-com crash. I foresee a white knuckle ride that will be very rewarding for many people, and disastrous for many others. At some point...
AI is the latest narrative, along with crypto. I don’t believe the AI can be delinked from the massive amount of deficit spending. It is the justification for keeping the game going. It is far worse than the dot com bubble, because of the underlying economic imbalances.
“For those that don’t understand what paying for a stock at 30x sales means. 👇🏼 At 30 times revenues, to give you a 10-year payback, I have to pay you 300% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a semiconductor company. That assumes zero expenses, which is really hard with 36,000 employees. That assumes I pay no taxes, which is very hard. And that assumes you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $200? Do you realize how ridiculous those basic assumptions are? You don't need any transparency. You don't need any footnotes. What ARE you thinking?” H/T: Scott McNealy
More possible B.S. about NVDA, or is this actually a fact?
The market cap of NVDA having exceeded $5 trillion dollars is greater than the market cap of the Nikkei. I believe this stat will be written about for years to come.
The thing all you 'AI bubble' folk might be missing is that every new worker replaced by AI means that OpenAI or whoever, and usually Nvidia as well, effectively gets a share of the salary that was being paid to that person. Massive future revenue is not even dependent on AGI being reached. Even if AI doesn't progress much, people will figure out how to automate millions of jobs with it. If AGI is reached, there's nothing to stop the big AI companies (or maybe even just one of them who got their first) from spinning off their own companies that would dominate each sector.
Ok, so I gather you are saying that AI results in the replacement of workers, and if fully realized, may even result in replacing their companies as well.
