Brian Stewart

Anything else to note for investors or any other data points or things to look for or possible catalysts or possible opposite of catalysts coming up?

Anything else to note for investors or any other data points or things to look for or possible catalysts or possible opposite of catalysts coming up?

Great to be back.

Great to be back.

Great to be back.

We're professionally bound to talk about NVIDIA at the start. The earnings just came out. The stock is down about 4% after earnings. The earnings themselves were very solid, beating expectations, stronger than expected guidance, but the stock is still down a bit. To be fair, the stock was up a bit beforehand. It was up about 4% the day before its earnings report.

We're professionally bound to talk about NVIDIA at the start. The earnings just came out. The stock is down about 4% after earnings. The earnings themselves were very solid, beating expectations, stronger than expected guidance, but the stock is still down a bit. To be fair, the stock was up a bit beforehand. It was up about 4% the day before its earnings report.

We're professionally bound to talk about NVIDIA at the start. The earnings just came out. The stock is down about 4% after earnings. The earnings themselves were very solid, beating expectations, stronger than expected guidance, but the stock is still down a bit. To be fair, the stock was up a bit beforehand. It was up about 4% the day before its earnings report.

So this is kind of just giving back that free earnings enthusiasm. I think the general feeling is steady as she goes. NVIDIA is about 20%, 25% off of its highs. So the idea is we're not in bubble territory yet for the AI, but there is sort of signs of slowing growth. The NVIDIA data center revenues, that's the area that's very AI focused. That showed 93% growth.

So this is kind of just giving back that free earnings enthusiasm. I think the general feeling is steady as she goes. NVIDIA is about 20%, 25% off of its highs. So the idea is we're not in bubble territory yet for the AI, but there is sort of signs of slowing growth. The NVIDIA data center revenues, that's the area that's very AI focused. That showed 93% growth.

So this is kind of just giving back that free earnings enthusiasm. I think the general feeling is steady as she goes. NVIDIA is about 20%, 25% off of its highs. So the idea is we're not in bubble territory yet for the AI, but there is sort of signs of slowing growth. The NVIDIA data center revenues, that's the area that's very AI focused. That showed 93% growth.

this last quarter, which obviously is very strong, but it's down from 112% growth in the previous quarter. And that number was in the 400% range a year ago. So you're seeing kind of the peak of AI growth passed for NVIDIA. And so the question is sort of where is that growth number going to settle in?

this last quarter, which obviously is very strong, but it's down from 112% growth in the previous quarter. And that number was in the 400% range a year ago. So you're seeing kind of the peak of AI growth passed for NVIDIA. And so the question is sort of where is that growth number going to settle in?

this last quarter, which obviously is very strong, but it's down from 112% growth in the previous quarter. And that number was in the 400% range a year ago. So you're seeing kind of the peak of AI growth passed for NVIDIA. And so the question is sort of where is that growth number going to settle in?

The only thing I note in terms of just general stock performance is that chips are down generally. And this isn't even just in response to NVIDIA earnings. This is over the past week. So we have AMD down 9%. ARM is down 10%. We'd kind of flagged Arm as a good AI bellwether just because it was part of the growth plan that people had put in place. And then Broadcom and Micron are also down.

The only thing I note in terms of just general stock performance is that chips are down generally. And this isn't even just in response to NVIDIA earnings. This is over the past week. So we have AMD down 9%. ARM is down 10%. We'd kind of flagged Arm as a good AI bellwether just because it was part of the growth plan that people had put in place. And then Broadcom and Micron are also down.

The only thing I note in terms of just general stock performance is that chips are down generally. And this isn't even just in response to NVIDIA earnings. This is over the past week. So we have AMD down 9%. ARM is down 10%. We'd kind of flagged Arm as a good AI bellwether just because it was part of the growth plan that people had put in place. And then Broadcom and Micron are also down.

So I don't think it's a NVIDIA-specific story. I think this is a market referendum on the AI situation in general. So I think that it's kind of TBD about where things are going. I think for the most part, people are happy to just tread water at this point and wait for more data.

So I don't think it's a NVIDIA-specific story. I think this is a market referendum on the AI situation in general. So I think that it's kind of TBD about where things are going. I think for the most part, people are happy to just tread water at this point and wait for more data.

So I don't think it's a NVIDIA-specific story. I think this is a market referendum on the AI situation in general. So I think that it's kind of TBD about where things are going. I think for the most part, people are happy to just tread water at this point and wait for more data.