All You Need To Know About Nvidia Earnings Tomorrow

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by Tyler Durden
Wednesday, Feb 21, 2024 - 12:40 AM

First, a few remarkable facts about Nvidia from Goldman trader Bobby Molavi who today writes that it feels like "every week we are going to have a new Nvidia stat that makes the mind boggle" so here is today's: "Two years ago the S&P energy sector was 5x the size of Nvidia is bigger than all the energy stocks in the S&P 500 combined, helping Tech to now stand at 30% of the S&P 500 while energy has fallen to just 4%."

But forget energy (which today's 22 year old portfolio managers are shorting to fund tech stonk buys at a 100x fwd PE): here is another just as remarkable chart: as of Friday, NVDA was larger than both AMZN and GOOGL... compare this to just one year ago when it was less than half their market cap (on Monday, NVDA tumbled by about $100BN, or 5%, so it was again smaller than he two FAAMG giants but you get the picture).