Nvidia Slightly Disappoints, But Markets Take It In Stride

Markets undeterred despite Nvidia’s slightly disappointing revenue guidance

Highlights

• Markets undeterred despite Nvidia’s slightly disappointing revenue guidance

• A superior yield on T-bills is a rare luxury to enjoy

• Less verve to the labor market than meets the eye

• How much of a “mandate” does Trump really have?

Key Takeaways

Nvidia Stock Slips Slightly

• Nvidia’s stock is down ahead of the open but not by a whole lot as the giant AI chipmaker disappointed a touch on its revenue guidance (the stock price was a triple-bagger year-to-date heading into the report).

Nvidia’s Growth Defies Comparisons to Cisco

• There has been a mild downward impact on the overall futures market but nothing major. The fact that Nvidia’s fiscal third quarter EPS posted its sixth straight triple-digit YoY surge (+102%) alongside a +94% revenue boom is impressive to say the least. This definitely is not Cisco of the late 1990s when the tech poster child of the day was inevitably forced to show what it ended up not doing, which was to grow its “E” into the rocketing “P.”