Nassim Khadem

hitting it potentially 6%, 7%.

You know, that's a scary thing.

And the fact that Treasury's already forecast that it would rise, you know, I think this is an area that we really need to kind of keep a focus on what happens to jobs over the coming months.

So seasonally adjusted takes out, you know, the erratic movements in the numbers.

So it would take out the oil price shock impact of these numbers.

Long term, that's really the figure they look at, the seasonally adjusted figure.

So, you know, as I said, going forward, you know, the impact of the oil price shock on the numbers, if the Reserve Bank keeps hiking interest rates, which is what most economists are now expecting, you know, what happens if people start losing jobs and can't pay their mortgage?

We'll have to kind of keep an eye on the numbers.

And, you know, what happens?

Do you see more forced house sales now as a result?

It truly is, Dan.

So the revenue came in at $81.6 billion, which was well above Wall Street's $78.9 billion estimate.

The profit was $58.3 billion, up 211% from a year earlier.

Again, you know, up topping expectations by analysts.

And let's just compare this to three years ago when the company's quarterly profit was $2 billion.

So it is a massive increase.

Nvidia's chips are now essentially a big part of AI projects.

Exactly.

And all the big companies in the AI space, OpenAI, SpaceX, Meta, Google, Gemini, they're all relying on NVIDIA's products and NVIDIA's evolving its products.

And you and I were talking earlier, Dan, its market cap, incredible, $5.4 trillion market cap.