Nvidia Is At The Door Of The $1 Trillion Club
Portfolio Pulse from Upwallstreet
Nvidia shares soared 26% after strong Q1 results and AI-powered guidance, bringing its market value close to $1 trillion. Q1 revenue was $7.19 billion, beating expectations, with data center revenue rising 14% YoY to $4.28 billion. Gaming division revenue dropped 38% YoY but still exceeded expectations. The company expects Q2 revenue to grow 64% YoY to $11 billion.
May 25, 2023 | 2:48 pm
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Apple has partnered with Broadcom in a multibillion-dollar deal to develop chips made in the U.S.
Apple's partnership with Broadcom to develop chips made in the U.S. is a significant move for the company, potentially impacting its stock price in the short term. However, the news is not the main focus of the article and is mentioned in relation to Nvidia's success.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Microsoft is hoping to buy Activision Blizzard for $70 billion to become a gaming powerhouse.
Microsoft's potential acquisition of Activision Blizzard for $70 billion to become a gaming powerhouse could positively impact Activision Blizzard's stock price in the short term. However, the news is not the main focus of the article and is mentioned in relation to Nvidia's success.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia's strong Q1 results and AI-powered guidance pushed its market value close to $1 trillion. Data center revenue rose 14% YoY, and gaming division revenue exceeded expectations. Q2 revenue is expected to grow 64% YoY.
Nvidia's strong Q1 results and AI-powered guidance have significantly increased its market value, bringing it close to the $1 trillion club. The company's data center and gaming division revenues both exceeded expectations, and the positive outlook for Q2 revenue growth indicates a strong short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Amazon shares a concern with Microsoft over slowed down cloud demand, which may impact its stock price.
Amazon's concern over slowed down cloud demand, shared with Microsoft, may negatively impact its stock price in the short term. However, the news is not the main focus of the article and is mentioned in relation to Nvidia's success.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft leads the AI front but has a downbeat outlook due to slowed down cloud demand, which may impact its stock price.
Microsoft's downbeat outlook due to slowed down cloud demand may negatively impact its stock price in the short term. However, the news is not the main focus of the article and is mentioned in relation to Nvidia's success.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50