EPISODE · Feb 23, 2024 · 9 MIN

Nvidia Saved the Rally

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This episode is 9 minutes long.

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This episode was published on February 23, 2024.

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from Bedell Frazier Investment Counselling

Nvidia saved the rally. The most talked about stock in the world reported earnings Wednesday. As I wrote last week, Nvidia and AI have become more important than the Fed; At least to the Market.Expectations were sky high. Nvidia delivered, and then some. It was another blowout quarter for the company that's powering AI. Nvidia had already grown revenue by over 200% and earnings over 400% in a year. Nvidia's stock has been a rocket ship for the innovation trade. The stock has soared 60% already in this young year. It hit $800 for the first time.

Episode metadata supplied by the publisher feed · Published Feb 23, 2024

What this episode covers

Nvidia saved the rally. The most talked about stock in the world reported earnings Wednesday. As I wrote last week, Nvidia and AI have become more important than the Fed; At least to the Market. Expectations were sky high. Nvidia delivered, and then some. It was another blowout quarter for the company that's powering AI. Nvidia had already grown revenue by over 200% and earnings over 400% in a year. Nvidia's stock has been a rocket ship for the innovation trade. The stock has soared 60% alre...

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