Nvidia Loses $250B After Hours despite Strong Earnings & Guidance that Tops Wall Street Forecasts

you've had limited time to Crunch all of this but what can you tell us yeah so we are in this next Industrial Revolution with AI being the new oil this new commodity the gold rush and this AI hype cycle and the reason why the stock is down because remember this is a a wealth creation effect as well since you have 60% of Americans that own stocks a lot of those in 401ks and IAS and rths you can bet that you probably own Nvidia in your stock portfolio but as you said when you're priced to Perfection you've already jumped 150% this year you've accounted for almost 60% of the gains in the stock market the last two years when you double your sales not good enough when the market is expecting a lot bigger numbers but don't forget that the stock as I mentioned to you remember we were talking during the depths and that selloff at the beginning of August this stock has recovered 28% since then but and it's still up what Almost 100% this year 150% this year but as I said to you it's a wealth cre effect as well but it's not making any despite the fact that these robust hopes for it to blow past all these which it did seem to do is a reflection on artificial intelligence and getting too far no because as I mentioned to you I spoke to Apple CEO Tim Cook for earnings a few weeks ago I spoke to alphabet's president Ruth Pat and Amazon CFO over and over again these Silicon Valley Tech Giants tell me they're not cutting back on AI spending in fact they're going to accelerate spending on artificial intelligence going these chips that they had these blackw chips or whatever the new Chips there could be a delay in some of them right and that was thinking all right well maybe the metas and some of these others that were buying this stuff like crazy uh won't have as much to buy so how does that well they were talking about a three-month delay but as you heard also in this earnings report you heard Jensen hang Nvidia CEO and founder he says that he expects hope to to be available to their customers now speaking of Jensen you know a year ago he was outside the 100 richest people on the planet because of the rally we've seen over the past 24 months he is now worth $112 billion so he's just on the cusp of entering the top 10 richest people on the on the Rich's list but also he's made millionaires of his employees I don't know if you've uh read the article he a slave driver he works them s days a week some till 2 they don't leave they don't leave a lot of minted millionaires that's right and especially after the company hit a trillion dollars the actual quit rate fell by half by 50% because you want to keep your stock especially if it's making you seven figures on the balance sheet but you know Goldman Sachs says that this is the most important stock on the planet you've heard analysts say that this earnings report is equivalent to a jobs day or res it's a reflection on the technology where full disclosure here by the way I am uh an owner of this stock and have been for many years here so I only say that to get that out there but but but one of the things I always remember about it was when it dominated the gaming industry and all the strategy behind that it seg beautifully into this and now the question is if we have a Slowdown the capacity for companies or anyone else to buy as much will be limited and I'm wondering what the potential Boomerang could be on a company like this or for that matter um technology in general that this has led that charge they've been the Magnificent we talk about right what do you think well you know Nvidia is up a th% since chat GPT was introduced to the world in November 2022 before then it was only worth $290 billion now it's worth 3 trillion even worth more than Microsoft isn't that incredible and speaking of uh nvidia's history if we can bring up I want to show you Jensen Hong's LinkedIn profile quickly oh please this is great because we talked about how Nvidia was founded in a Denny's Booth over a grand slam breakfast and bottomless cup of coffee same way compact was found the L great compact but go ahead very demure as you see there humbleness and modesty he lists his work experience as a Denny's dishwasher bus boy and waiter and then of course star that3 trillion doll Tech Giant that we all talk about and is the most important stock on the planet Now Incredible uh and and your contacts in the technology World save our bacon more times than I could tell you Susan Lee thank you very much on that you know there is a political side