CNBC's "Fast Money" Nvidia Beats Big and Surprises with a Stock Split and Dividend 5/22/24
6 snips
May 22, 2024 Explore Nvidia's impressive earnings with a stock split and dividend increase, sparking the AI trade. Dive into retail stocks' performance and speculate on Ether's trajectory. Discover market trends and strategic moves in the tech industry, with insights on supply, demand dynamics, and investment strategies.
AI Snips
Chapters
Transcript
Episode notes
Nvidia's Beat and Market Reaction
- Nvidia beat earnings expectations, but the stock's 4% after-hours increase suggests the bar was already high.
- Jensen Wong, Nvidia's CEO, excels at managing expectations.
Nvidia's Strong Performance
- Nvidia exceeded high expectations, driven by data center growth and increased capital expenditure by hyperscalers.
- The company's expansion into new segments like autos and CPUs further fuels its growth.
Demand Drives Nvidia's Growth
- Strong and accelerating demand for Nvidia's products is key to its continued growth.
- The upcoming Blackwell chip launch and its impact on demand will be crucial.