{"id":73798,"date":"2024-02-22T09:07:43","date_gmt":"2024-02-22T14:07:43","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73798"},"modified":"2024-02-22T09:07:43","modified_gmt":"2024-02-22T14:07:43","slug":"coffee-with-greta-after-nvda","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/02\/22\/coffee-with-greta-after-nvda\/","title":{"rendered":"Coffee With Greta: After NVDA"},"content":{"rendered":"

DJIA Futures: <\/b>+208 (+0.5%)<\/span><\/p>\n

SPX Futures: <\/b>+68 (+1.4%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+363 (+2.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are rallying as tech stocks jump on the heels of Nvidia\u2019s strong earnings report.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Nvidia Rallies On Blockbuster Quarter\u00a0<\/span><\/h2>\n

Nvidia <\/b>(NVDA) shares are rallying 11.8% ahead of the open after crushing quarterly estimates yet again.<\/span><\/p>\n

Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 expectations:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $5.65 vs $4.64 expected<\/span><\/li>\n
  • Revenue: $22.10 billion vs $20.62 billion expected<\/span><\/li>\n<\/ul>\n

    EPS surged 769% year over year while revenue jumped 265%.<\/span><\/p>\n

    The company said, \u201cStrong demand was driven by enterprise software and consumer internet applications, and multiple industry verticals including automotive, financial services, and healthcare<\/span><\/p>\n

    Nvidia forecast Q1 sales of $24 billion vs $22.17 billion expected.\u00a0<\/span><\/p>\n

    CEO Jensen Huang expressed optimism the company will continue to expand through 2025 and beyond saying, \u201cFundamentally, the conditions are excellent for continued growth.\u201d<\/span><\/p>\n

    Rivian Plunges On Earnings Miss, Weak Guidance<\/span><\/h2>\n

    Rivian <\/b>(RIVN) shares are tumbling 19.2% in premarket trade after missing Q4 expectations and issuing weak guidance. <\/span>
    \n<\/span>
    \n<\/span>Here\u2019s how the electric vehicle maker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Per share loss: $1.58 vs $1.35 expected<\/span><\/li>\n
    • Revenue: $1.3 billion, as expected<\/span><\/li>\n<\/ul>\n

      Rivian forecast production will total 57,000 vehicles in 2024 vs 81,700 expected and down from 57,232 in 2023.\u00a0<\/span><\/p>\n

      The CEO said, \u201cWe firmly believe in the full electrification of the automotive industry, but recognize in the short-term, the challenging macro-economic conditions.\u201d<\/span><\/p>\n

      Rivian also announced it will cut its workforce by 10%.<\/span><\/p>\n

      Moderna Pops On Surprise Profit<\/span><\/h2>\n

      Moderna <\/b>(MRNA) shares are up 6.1% ahead of the open after reporting a surprise profit in the fourth quarter.\u00a0<\/span><\/p>\n

      Here\u2019s how the pharmaceutical giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • EPS: $0.55 vs $0.97 loss expected<\/span><\/li>\n
      • Revenue: $2.81 billion vs $2.5 billion expected<\/span><\/li>\n<\/ul>\n

        The company\u2019s Covid vaccine sales dropped 43% year over year.<\/span><\/p>\n

        Moderna booked $6.7 billion total in revenue from the Covid vaccine in 2023, down from $18 billion in 2022.\u00a0\u00a0<\/span><\/p>\n

        The CFO said, \u201cWe started to see some fruits of productivity in the fourth quarter, and so that\u2019s what we\u2019re happy about.\u201d<\/span><\/p>\n

        Moderna reiterated its 2024 guidance for revenue of roughly $4 billion.<\/span><\/p>\n

        Weekly Jobless Claims<\/span><\/h2>\n

        Weekly jobless claims fell more than expected last week as the labor market continues to maintain strength.\u00a0<\/span><\/p>\n

        The Labor Department reported 201,000 Americans filed initial claims for unemployment benefits.\u00a0<\/span><\/p>\n

        That was down by 12,000 from the week before and lower than 216,000 expected.\u00a0<\/span><\/p>\n

        It was the lowest level of claims in five-weeks.\u00a0<\/span><\/p>\n

        Continuing claims also fell by 27,000 to 1.86 million in the week ending February 10.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: +208 (+0.5%) SPX Futures: +68 (+1.4%) NASDAQ Futures: +363 (+2.1%) Good morning friends! Futures are rallying as tech stocks jump on the heels of Nvidia\u2019s strong earnings report. Let\u2019s get right to it! Nvidia Rallies On Blockbuster Quarter\u00a0 Nvidia (NVDA) shares are rallying 11.8% ahead of the open after crushing quarterly estimates yet again. Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted EPS: $5.65 vs $4.64 expected Revenue: $22.10 billion vs $20.62 billion expected EPS surged 769% year over year while revenue jumped 265%. The company said, \u201cStrong demand was driven by enterprise software and consumer internet applications, and multiple industry verticals including automotive, financial services, and healthcare Nvidia forecast Q1 sales of $24 billion vs $22.17 billion expected.\u00a0 CEO Jensen Huang expressed optimism the company will continue to expand through 2025 and beyond saying, \u201cFundamentally, the conditions are excellent for continued growth.\u201d Rivian Plunges On Earnings Miss, Weak Guidance Rivian (RIVN) shares are tumbling 19.2% in premarket trade after missing Q4 expectations and issuing weak guidance. Here\u2019s how the electric vehicle maker\u2019s results compared to analysts\u2019 estimates:\u00a0 Per share loss: $1.58 vs $1.35 expected Revenue: $1.3 billion, as expected Rivian forecast production will total 57,000 vehicles in 2024 vs 81,700 expected and down from 57,232 in 2023.\u00a0 The CEO said, \u201cWe firmly believe in the full electrification of the automotive industry, but recognize in the short-term, the challenging macro-economic conditions.\u201d Rivian also announced it will cut its workforce by 10%. Moderna Pops On Surprise Profit Moderna (MRNA) shares are up 6.1% ahead of the open after reporting a surprise profit in the fourth quarter.\u00a0 Here\u2019s how the pharmaceutical giant\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $0.55 vs $0.97 loss expected Revenue: $2.81 billion vs $2.5 billion expected The company\u2019s Covid vaccine sales dropped 43% year over year. Moderna booked $6.7 billion total in revenue from the Covid vaccine in 2023, down from $18 billion in 2022.\u00a0\u00a0 The CFO said, \u201cWe started to see some fruits of productivity in the fourth quarter, and so that\u2019s what we\u2019re happy about.\u201d Moderna reiterated its 2024 guidance for revenue of roughly $4 billion. Weekly Jobless Claims Weekly jobless claims fell more than expected last week as the labor market continues to maintain strength.\u00a0 The Labor Department reported 201,000 Americans filed initial claims for unemployment benefits.\u00a0 That was down by 12,000 from the week before and lower than 216,000 expected.\u00a0 It was the lowest level of claims in five-weeks.\u00a0 Continuing claims also fell by 27,000 to 1.86 million in the week ending February 10.<\/p>\n","protected":false},"author":41,"featured_media":73800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73798"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73798\/revisions"}],"predecessor-version":[{"id":73805,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73798\/revisions\/73805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73800"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}