Skip to main content

Deck.blue brings a TweetDeck experience to Bluesky users

With over 3 million users and plans to open up more broadly in the months ahead, Bluesky is still establishing itself as an alternative to Twitter/X. However, that hasn’t stopped the developer community from embracing the project and building tools to meet the needs of those fleeing the now Elon Musk-owned social network, formerly known […] © 2024 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/TBbEAPF
Post a Comment

Welcome to the trillion-dollar club, Nvidia

Welcome to the $1 trillion club, Nvidia.

Nvidia’s stock is up more than 6% today, pushing its shares past $413 in the wake of a widely-praised earnings report.

Given that the stock market has battered tech stocks in recent quarters, how is Nvidia breaking away from the pack? What can we learn from its rise?

All the Nvidia news announced by Jensen Huang at Computex

The club of trillion-dollar companies, measured by market capitalization, is so small that even Meta doesn’t make the cut today. Tesla is only 63% of the way there and Salesforce is not even worth a quarter of the required value it needs to join. To see Nvidia reach a market value of more than $1,000,000,000,000 is therefore a massive endorsement not only of its trailing operating results, but also its anticipated future. Investors expect a lot from Nvidia.

The following chart shows its ascent:

Image Credits: Ycharts

To get our minds around what’s going on, let’s go through the company’s latest earnings report, consider what it is forecasting, and discuss how investors and analysts missed the mark with their own expectations.

A look back and ahead

Nvidia is not an enterprise software company, so when we look at its results, we do not see what SaaS companies tend to produce: consistent revenue growth coupled with incremental profitability gains.

Instead, in the first quarter of fiscal 2024 ended April 30, Nvidia posted the following:

Welcome to the trillion-dollar club, Nvidia by Alex Wilhelm originally published on TechCrunch



from TechCrunch https://ift.tt/WCMLmpd
Labels:

Comments

Post a Comment

Popular posts from this blog

Sam Altman launches eyeball-scanning Worldcoin to ‘drastically increase economic opportunity’

Worldcoin Foundation, Sam Altman’s crypto startup with the vision to “drastically increase economic opportunity,” has started the rollout of its services in 20 nations. The startup said it’s rolling out its identity technology as well as the token internationally. Individuals can download World App, the startup’s protocol-compatible wallet software and visit an Orb, the startup’s helmet-shaped eyeball-scanning verification device, to receive their World ID. As TechCrunch has previously noted , Worldcoin is perhaps one of the most audacious efforts to bribe the world to embrace their currency. The startup, founded by OpenAI CEO Altman and Alex Blania, wants to put a crypto wallet (and some of their currency) onto every human’s smartphone, but in order to do so they have to build a way to determine whether someone is a unique human. “If successful, we believe Worldcoin could drastically increase economic opportunity, scale a reliable solution for distinguishing humans for AI online wh...
Post a Comment
Read more

A judge dismissed Phhhoto’s antitrust suit against Meta

A U.S. District Court Judge for the Eastern District of New York threw out a lawsuit against Meta this week that had been simmering for a year and a half. The suit, filed in late 2021 by now-shuttered social app Phhhoto, alleged that Meta violated federal antitrust law by copying its core features with the Instagram-adjacent video looping app Boomerang . Like Boomerang, which Meta launched in October of 2015 and later integrated into Instagram itself, Phhhoto invited users to share very short GIF-like loops. U.S. District Judge Kiyo Matsumoto ultimately granted Meta’s motion to dismiss the complaint due to time-limits imposed by the relevant statutes of limitations. “Phhhoto has failed in its 69-page Amended Complaint of 222 paragraphs to allege sufficient facts that cure the untimeliness of all of its federal claims,” Matsumoto wrote in the opinion, calling the possibility of any amendment to resolve the issue of the lawsuit’s timing “futile.” New antitrust suit from Phhhoto a...
Post a Comment
Read more

Apple releases iOS 16.4 with new emojis, web push notifications, voice isolation for calls & more

Apple today released the iOS 16.4 update to users, which includes a number of new features, like an expanded set of emojis, voice isolation for calls, website push notifications and more. Users can update to the latest version by going to Settings > General > Software Update. While iOS updates often simply patch security holes or tweak smaller settings, those that deliver new emojis or expanded functionality are often more popular with consumers, leading to high demand for the download. That means you may have to wait a bit in order to install the latest update on your device. With iOS 16.4, users are getting 31 new emojis. (The release notes reference “21” new emoji, but this just has to do with how the variations are counted). Among the new additions are a shaking face, the long-awaited pink heart, two pushing hands, a Wi-Fi symbol and others, including various animals and objects. The Unicode consortium approved these emojis last year, and it was announced in February the...
Post a Comment
Read more