Nvidia

[JTH]

Nvidia passes Microsoft in market cap to become most valuable public company


The relentless climb of Nvidia has now put it at the top. Year-to-date it is up more than 180% and it now has the largest market cap of any company. Today it is more valuable than Microsoft. Does this chip maker really deserve this much value? Any thoughts?

Future XLK Tech Sector Adjustments

Summary Prospectus-January 31, 2024: Modifications may be made to the market capitalization weights of single stock concentrations in order to conform to the requirements of the Internal Revenue Code of 1986



9:50 Paraphrasing: Because of Nvidia, Microsoft, & Apple, the Tech Sector XLK can't have too many stocks making up 50% of the ETF, so they will have to underweight instead of weighing by market cap. Nvidia & Microsoft will likely become the biggest weights probably 20% to 25% with a big gap down to Apple which will be in the single digits.

 

[JTH]

Supposedly tomorrow, XLK will re-adjust, buying a boat load of Nvidia and selling Apple...

“This is expected to happen on June 21st, now I'm not sure of the exact allocation percentage that is going towards each stock but according to many different reports over 12 billion worth of Nvidia shares are going to be purchased and 12 billion of Apple shares are going to be sold.”

 

[tsptalk]

NVDA Q2 whisper numbers from JPM trading desk:

Revenue: $29.85BN vs. $27.44~28.56b guide, and $28.6b cons.
Gross Margin 76.2% vs. 75%-75% guide
EPS $0.69 vs. $0.64 cons

Guidance
Q3 Revenue $32.95BN vs $31.41BN cons.
FY 25 & FY26 Revenue $125.7BN and $186.6BN, vs $120.3BN & $166.18BN cons.

Source:
https://x.com/zerohedge/status/1828832400563982673?t=Wrkx7pGd3WfalyGv9LijzA&s=19

 

[tsptalk]

NVIDIA Corp

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125.61 -2.69 (-2.10%)

After Hours: Last | 5:14 PM EDT
118.26 -7.35 (-5.85%)

 

[tsptalk]