Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Nvidia: Potential to Realize Forward Earnings Is Grounded in Reality

Published 2024-09-13, 02:10 a/m
US500
-
ORCL
-
NVDA
-

This week, Oracle (NYSE:ORCL) announced it is taking orders for the first "zettascale" AI supercomputer, which will be powered by up to 131,072 Nvidia (NASDAQ:NVDA) Blackwell chips.

Nvidia CEO Jensen Huang also told a Goldman Sachs (NYSE:GS) conference that demand for their Blackwell chips is so high that some of its customers are getting "emotional." Nvidia rose 8.3% on that day and was up another 1.92% yesterday.

S&P 500 Semiconductors Stock Price Indexes Chart

These developments support our prediction of a technology-driven productivity growth boom in our Roaring 2020s scenario for the US. The latest news from Oracle also supports our belief that the forward earnings of tech companies like Nvidia are much more likely to be realized than the irrational expectations during the dotcom bubble (chart).Market Cap vs Earnings Shares

Original Post (NYSE:POST)

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.