NEWS
Nvidia Day Ends In The Red

It was Nvidia Day on Stocktwits, but overhang from Super Micro Computer delaying its annual report kept the bulls at bay. After hours, Nvidia delivered a double beat but failed to spark enough excitement to push the stock (and market) higher. Let’s see what you missed. 👀

Today's issue covers Nvidia’s latest numbers, Berkshire becoming a $1 trillion company, and Abercrombie flagging an “increasingly uncertain environment.” 📰

Here’s the S&P 500 heatmap. 3 of 11 sectors closed green, with financials (+0.25%) leading and technology (-1.38%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $SABS, $NTNX, $VEEV, $MYPS, $RY 📉 $WALD, $SMCI, $MRVL, $AGIO, $NBIX*

*If you’re a business and want to access this data via our API, email us.

EARNINGS
Nvidia Notches 122% Revenue Growth 📈

We’ll share more insights and analysis from our massive Nvidia day on the platform tomorrow, but for now, let’s quickly recap the biggest numbers and themes from today’s report. 👇

First, the company’s adjusted earnings per share of $0.68 on revenues of $30.04 billion topped the expected $0.64 and $28.70 billion. Additionally, it’s expecting $32.50 billion in current-quarter revenue, representing 80% YoY growth and beating the $31.70 billion anticipated by analysts.

After three straight periods of 200% YoY growth, clearly comps are getting a lot more difficult, with its sequential (QoQ) growth also slowing. With Nvidia’s data center business now accounting for 88% of total revenues, the importance of its next-generation AI chip, Blackwell, cannot be understated. 🔺

Nvidia's CFO said the company expects to ship several billions of dollars in Blackwell revenue, and CEO Jensen Huang added, “The change to the mask is complete. There were no functional changes necessary.”

On top of that, the company increased the size of its buyback program by $50 billion, adding to the current authorization of $7.50 billion. 💰

Despite the strong headline numbers and continued optimism from management, investors are questioning just how sustainable the recent artificial intelligence (AI) hype cycle can continue, especially since it remains unclear when the technology will contribute to company’s bottom lines. 🤷

Super Micro Computer’s troubles are also weighing on Nvidia, given it’s the company’s third-largest customer. SMCI dropped 20% after delaying its annual report just a day after Hindenburg Research published a short report questioning the company’s accounting practices.

Nvidia shares fell about 7% after the bell, though Stocktwits community sentiment remains in ‘bullish’ territory. We’ll have to wait and see how the stock reacts in the coming days, but for now, investors are a bit on edge. 😬

And speaking of AI, it’s worth noting OpenAI is in talks to raise additional funds at a valuation above $100 billion. Clearly the AI hype is still alive and well in the private markets. 🤯