{ }
Symbol NVDA
Name NVIDIA Corporation
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country United States
State CA
City Santa Clara
Zipcode 95051
Website http://www.nvidia.com
Mark Zuckerberg expressed surprise at Meta's rapid investment in AI infrastructure, raising 2024 capital expenditure guidance to between $38 billion and $40 billion. Despite beating earnings expectations, concerns over user growth and rising costs led to a dip in Meta's stock. The Reality Labs unit reported a $4.4 billion operating loss, with anticipated losses increasing in 2024 due to ongoing development efforts.
Meta is advancing its Llama AI models, with CEO Mark Zuckerberg announcing that Llama 4 is being trained on a GPU cluster exceeding 100,000 H100 chips, the largest reported. This open-source approach contrasts with proprietary models from competitors like OpenAI and Google, raising concerns about potential misuse. Despite challenges, Meta's ad revenue growth supports its ambitious AI investments, while OpenAI continues to develop GPT-5, promising significant advancements.
Jim Cramer emphasized the importance of transparency from CEOs regarding poor quarterly results, stating that management must clearly explain any earnings shortfalls to avoid investor distrust. He highlighted recent earnings reports from AMD, Eli Lilly, and Wingstop, noting that lack of clarity in their communications led to negative market reactions. Cramer likened the situation to a criminal trial, where failure to acknowledge faults can lead to harsher consequences.
Hedge funds are closely watching earnings reports from major tech companies, with Alphabet's strong results boosting investor sentiment. Microsoft and Meta Platforms will report after the market closes on Wednesday, followed by Amazon on Thursday, all of which are heavily held by hedge funds. Rising short positions in Microsoft and Meta suggest potential volatility post-earnings, while Apple will also announce its quarterly results on Thursday.
The outcome of the upcoming US election could significantly impact Europe's regulatory stance on big tech, with concerns about corporate dominance and antitrust actions at the forefront. While Biden's administration aligned with EU ambitions to rein in tech giants, uncertainty looms over how a potential Harris or Trump administration would approach regulation, especially given their mixed signals and ties to Silicon Valley. The fate of key antitrust figures like Lina Khan will also be a critical indicator of future transatlantic tech policy.
Super Micro's shares plummeted 35% after the resignation of its auditor, Ernst & Young, which cited concerns over the company's governance and board independence. EY expressed it could no longer rely on management's representations, following earlier warnings about internal financial controls. The company, under federal investigation, has yet to release its financial statements for the year and previously faced regulatory issues, including a $17.5 million penalty from the SEC in 2020 for improper revenue recording.
MicroStrategy Inc. has significantly outperformed major US stocks, including Nvidia, with a staggering 1,700% gain since the crypto market collapse two years ago. This surge is largely attributed to co-founder Michael Saylor's strategy of purchasing Bitcoin to hedge against inflation, leading the company to become the largest publicly traded holder of the cryptocurrency, with around $18 billion in assets.
Sakura Internet Inc. is preparing for a new data center project, anticipating full bookings by its launch in three years. To meet increasing demand, the Osaka-based company plans to purchase around 10,000 Nvidia GPUs annually, as stated by founder Kunihiro Tanaka. This move positions Sakura as a competitive alternative to major players like Microsoft, Google, and Amazon in Japan's data center market.
AMD reported third-quarter earnings of 92 cents per share on $6.82 billion in revenue, slightly exceeding expectations, but shares fell 6% due to cautious fourth-quarter guidance. The data center business saw a 122% year-over-year revenue increase, driven by strong AI chip sales, while gaming revenue plummeted 68%. Despite a 20% rise in shares this year, AMD lags behind competitors like Nvidia and Broadcom in AI chip market gains.
The S&P 500 and Nvidia are showing significant trends as the election approaches, with market analysts closely monitoring their performance. Insights from recent charts indicate potential implications for investors and the broader market landscape. As the election nears, these developments could influence trading strategies and economic forecasts.

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