We covered giant chipmaker NVIDIA’s widely anticipated 2Q27 result here yesterday. The stock almost single handedly dragged US bourses higher overnight with some of the numbers in its results hard to comprehend: Revenue of US$96.2bn close to the market cap of Westpac, and NPAT of US$59.7bn, close to the market cap of Wesfarmers, and remember these are just quarterly numbers! It’s not surprising NVIDIA has a market cap of US$5.5 trillion, a great example of what can happen when a company is first to a new booming trend.
- We can see NVIDIA trading higher over the coming months following this week’s blockbuster result.
MM is bullish towards NVIDIA around US$228
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