Squawk on the Street
Cramer's Morning Take: Nvidia Earnings 8/29/24
Aug 29, 2024
In this discussion, Jeff Marks, an insightful analyst known for his keen market observations, joins Jim to analyze Nvidia's recent stock slump. They unpack the surprising drop in Nvidia's shares despite a favorable earnings report, highlighting a shift in investor confidence. The pair also delve into Nvidia's financial performance and the promising future of its GPU production, especially with the anticipated launch of new Blackwell products. They emphasize the importance of adapting investment strategies in response to market fluctuations.
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Quick takeaways
- Nvidia's recent earnings beat expectations but its stock drop reflects investor concerns over delivery issues and market confidence.
- The shift towards liquid cooling technology for GPUs indicates a critical evolution in data center infrastructure within the tech industry.
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