The Prof G Pod with Scott Galloway Prof G Markets: Nvidia’s Blowout Earnings & Stock Split + Britain’s Damaged Economy
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May 27, 2024 Nvidia's skyrocketing earnings steal the spotlight, revealing $26 billion in revenue and raising eyebrows about its market valuation. A discussion on the cultural contrasts between the US and the UK adds a fun twist. Meanwhile, the UK faces a precarious economic landscape ahead of a general election, with Brexit's lingering effects stirring debate. Plus, intriguing insights into the pharmaceutical industry and BuzzFeed's financial missteps round out the lively commentary.
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NVIDIA's Explosive Growth
- NVIDIA's value has grown tremendously, surpassing Tesla and Meta combined and exceeding Germany's stock market.
- Its dominance and growth have created a bubble, raising concerns about sustainability.
New Expectations for NVIDIA
- Analysts are setting new expectations for NVIDIA due to its consistent outperformance, even measuring beats against previous beats.
- Scott questions the enduring nature of this growth, citing potential competition from tech giants.
Understanding Stock Splits
- Understand that stock splits don't change underlying value, only share numbers.
- Companies may use splits to create a psychological impression of affordability.