Chart of the Week – July 8, 2024

The chart of the week highlights the income statement of Nvidia, a company that has rapidly become one of the largest in the world. In the quarter ending April 2024, they achieved a net profit of $14.9 billion on 57% margins. That is $14,900,000,000, in 3 months! Nvidia’s stock performance has also been outstanding, and depending on daily market fluctuations, they are consistently among the three largest publicly traded companies in the world. The company has greatly benefited from the AI boom, but there are questions about whether its current performance can sustain its high valuations.