[0:01] Well, the markets are really sweating
[0:05] this one. I certainly am because it is
[0:09] the pinnacle of earning season.
[0:14] It's getting hot and heavy around here.
[0:16] But that's all right because we've got
[0:18] Nvidia on deck out within the next 1
[0:21] minute. We are looking for uh revenue.
[0:24] Current expectations are expected to
[0:26] come in at $79 billion.
[0:30] Nvidia has beat across the board eight
[0:34] out of the last eight earnings. So
[0:36] basically for the last two years
[0:38] straight, we've got beats on revenue, on
[0:41] EPS adjusted, on EPS gap, on net income,
[0:44] on operating profit, on EBIDA,
[0:46] everything. We're looking for a move of
[0:48] about 5 and a half% today. So we'll see.
[0:53] We know this market just loves hardware
[0:56] right now. Nvidia on a forward PE basis
[0:59] is actually pretty dang cheap. It's got
[1:02] somewhere around 50 to 90% upside in it.
[1:06] Will we finally break through that 300
[1:09] threshold for Nvidia? Now, obviously, we
[1:12] got really big IPOs coming out. Uh,
[1:15] OpenAI, SpaceX, Anthropic, all expecting
[1:19] to throw more money into Nvidia chips.
[1:22] So let's see what happens with earnings.
[1:24] Earnings are due within the next like 5
[1:25] to 10 seconds here. So here we go.
[1:27] Looking for 79 and we got uh okay Q1
[1:32] revenue forecast beats margin at 75%
[1:35] revenue comes in at 81.62
[1:38] that is more than a $2.4
[1:41] billion beat on Q1 revenue. And as usual
[1:46] the initial reaction is slightly down.
[1:50] classic Nvidia that so like they
[1:52] forecast one number, Wall Street's like,
[1:54] "No, you guys are going to come in way
[1:56] higher." Nvidia beats their own forecast
[1:58] by $2.4 billion. Uh you've got uh
[2:02] forecast margins still stable at a
[2:04] midpoint of 7 uh5% even. Q2 revenue is
[2:09] expected to come in at about 91 billion.
[2:12] The expectation was 87. That's another
[2:15] beat right here about 4ish%. data center
[2:18] revenue, of course, Q1, $75.2
[2:22] billion of data center revenue, $75.2
[2:27] billion in one freaking quarter. Holy
[2:30] smokes, that forecast, $91 billion
[2:35] expected in Q2. Honestly, I think
[2:37] Jensen's going to come out and say,
[2:38] "Boys and girls, all these IPOs, they're
[2:41] going to raise $200 billion. Guess how
[2:43] much money they're going to spend on
[2:45] Nvidia chip step, bro?
[2:47] all of it.
[2:49] Uh this morning on the course member
[2:51] live stream, by the way, we've got the
[2:52] Memorial Day sale going on. We uh we
[2:54] opened on the market at like I think it
[2:56] was like 7:06
[2:59] or something like that. Somewhere around
[3:00] there. Yeah, 7:06. And we had a call
[3:03] that we were going to get to 7:14 today.
[3:05] That was the target. We got to 713.
[3:09] 713 and 15 cents on the cues, which is
[3:11] pretty impressive. So, if you want to be
[3:13] part of those alpha membership calls,
[3:15] make sure you're part of it every
[3:16] morning in the course member liveream.
[3:17] But for now, look at this. Nvidia
[3:20] literally falling 2% after authorizing
[3:23] an $80 billion share buyback and
[3:28] boosting the quarterly dividend to $25
[3:32] up from one freaking penny. So, we got
[3:36] buybacks of $80 billion. We got
[3:39] dividends of 25 cents a share.
[3:42] We got beats on revenue. We got beats on
[3:46] forecast. We got amazing margin. We got
[3:50] a raise of guidance. And step bros, the
[3:55] stock is stuck. Stock now down 3%
[3:59] because that makes all the sense in the
[4:01] world. I told you when I was going to go
[4:04] live, I'm sweating it. And I'm literally
[4:07] sweating it cuz it's like it makes no
[4:09] damn sense. But the good news is we kind
[4:12] of saw that coming this morning. We
[4:15] talked about it. We made a prep video
[4:17] for Nvidia. Uh we've talked about how
[4:19] Nvidia does not have the best reputation
[4:21] for going straight up on earnings. Uh
[4:24] this morning we were looking at a
[4:26] breakdown chart showcasing how confusing
[4:30] Nvidia can be after uh you know earnings
[4:34] data comes out. And usually what we find
[4:36] is anywhere between, let me see if I can
[4:38] grab, actually I think I have the
[4:39] picture right here because I'll just
[4:40] pull it up. We pretty much have like a
[4:42] coin toss as to what happens to the S&P
[4:45] 500 after Nvidia earnings. It is, take a
[4:49] look at this. This is what we talked
[4:51] about this morning. And we could see the
[4:53] S&P 500 performance in the 1 2 3 4 5
[4:56] days or 1 month after Nvidia earnings
[4:59] really mixed bag. So it's not unusual to
[5:02] see it. It's typically profit taking,
[5:05] but it's honestly Like, let's
[5:08] just be real. It's Nvidia is
[5:10] making so much damn money. And the
[5:14] market doesn't care. It seems like the
[5:16] market would rather invest in a stupid
[5:18] stock like Cerebrus, which is rigging
[5:21] their earnings to make it seem like
[5:23] they're profitable so they can pump and
[5:25] dump and cash out insiders and retail
[5:27] could be left holding the damn bag.
[5:30] Well, Nvidia over here is making a
[5:32] fortune and the stock goes down. That's
[5:34] just the nature of Nvidia, though.
[5:36] That's the nature of the short-term
[5:38] market. Now, let's get into We've got
[5:40] CFO commentary. So, we're going to
[5:42] download uh and take a peek at some of
[5:44] that commentary, and we'll go through a
[5:46] little bit more color here. Still
[5:48] sweating. There's a reason we're
[5:50] sweating because it's Nvidia earnings.
[5:52] Obviously, there could be no other
[5:54] reason why we would be sweating. The
[5:56] stock would be all across the board. And
[5:59] of course it goes down, but we'll see.
[6:02] Jensen is a really good salesperson.
[6:03] He'll probably be able to pump it up.
[6:04] And sometimes you get profit taking like
[6:06] just a few seconds after the bell, like
[6:08] the earnings come out, but everything
[6:10] here is really good. I do have a note
[6:12] here that indicates no shipments of
[6:15] Hopper, the H200 yet to China in Q1.
[6:18] Don't anticipate that. You can actually
[6:20] see their margin here uh has uh let's
[6:23] take a look here. We've got Q1 fiscal
[6:25] year 27. This is what we're in now. We
[6:28] can see that 75ish% margin there. Very,
[6:32] very, very impressive. Holy smokes,
[6:34] dude. Look at that income margin. I
[6:36] mean, how impressive is that? So, if I
[6:39] divide this 58321
[6:41] divided by 81615,
[6:43] I got 71 Oops, I'm using the wrong
[6:46] keyboard. 71.4%.
[6:49] So literally every time you go buy or
[6:52] whatever buys an uh uh you know buys a
[6:55] GPU from Nvidia, 71.4
[7:00] is not going to their gross margin like
[7:02] at Microsoft. No, it's literally going
[7:05] to the bottom freaking line. That is
[7:08] such a high margin business. This is a
[7:11] dream business. Damn, bro. operating
[7:16] income at 53 uh.5.
[7:19] So I'm curious that means we probably
[7:21] have some interest income in between
[7:23] here. Uh net prob higher due to
[7:27] interest. You know we don't have a full
[7:29] statement here right now. The the actual
[7:31] 10 Q the quarterly report won't come out
[7:33] for another few days. So we just sort of
[7:35] get like highlights right. Uh really
[7:39] really really impressive margins though.
[7:41] And then if we compare to last quarter,
[7:44] net margin 42960.
[7:47] Oh, that could have also been boosted by
[7:49] their stakes in other companies like
[7:51] maybe their open AI investments or
[7:53] whatever, right? They might mark some of
[7:55] those to market. Uh but over here, we
[7:58] actually only had a 63% margin. And if I
[8:02] go to last year at this time, 18775 /
[8:07] 44062,
[8:08] I have a 42.6% 6% margin. So these
[8:12] people are making hand over fist. This
[8:15] is absolutely insane. They have almost
[8:19] doubled their net income percentage. And
[8:22] they basically almost actually I think
[8:24] they've tripled net income. 58 divided
[8:27] by 18. Yeah, bro. 3.2x on net income.
[8:32] Holy moly. Holy moly. 3.2x on net income
[8:36] compared to last year. and margin nearly
[8:39] double. Bro, what's not to love? And an
[8:43] $80 billion buyback. 80 bill buyback. I
[8:46] got dividends of 25 cents a share. Uh,
[8:50] you know, I got a forecast that's being
[8:52] raised. This is so good. The stock is
[8:56] cheap. Raised forecast. I think the
[8:59] problem is for people is just big,
[9:01] right? It's a uh a cheap and big stock.
[9:06] Uh now in fairness it's only cheap based
[9:09] on forward expectations but there's no
[9:12] indication of a slowdown here. No
[9:14] indication of slowdown. Uh I really
[9:16] think the IPOs are actually going to
[9:18] boost this company even more. Uh
[9:21] Anthropic
[9:23] uh OpenAI SpaceX will prop boost even
[9:27] more uh in terms of spending for this
[9:29] sort of uh you know this company here
[9:32] Nvidia. Uh really really impressive.
[9:35] Let's go take a peek at uh here we go.
[9:39] Hypers scale. The hyperscalers
[9:41] represented about half of their income.
[9:43] Uh no slowdown over here. You can see
[9:46] that's a pickup from the last quarter as
[9:48] well. I've got AI clouds industrial and
[9:50] enterprise. So other enterprise doing
[9:52] fine as well. Enterprise is also growing
[9:55] fantastically. I mean they did the
[9:57] percentages for us here. I got over a
[9:59] double on hypers scale 74. So, Hypers
[10:02] scale is actually growing faster
[10:04] year-over-year. That's insane. Hypers
[10:06] scale growing faster year-over-year
[10:10] um than nonhypers scale. So, the biggest
[10:15] are spending even more, which makes
[10:19] sense.
[10:20] Uh let's see here.
[10:23] Okay, let's see. Revenue for the first
[10:24] quarter up 85% 20. I mean, these are
[10:26] just insane numbers. Uh look at this.
[10:28] Now we're talking about the ramp of the
[10:30] Blackwell 300 demand for Infinity Ed.
[10:33] You know, House hack has some black
[10:34] wells. Uh I cannot wait to release our
[10:38] real estate AI. Like we're still
[10:40] targeting the end of June, which is what
[10:42] we've been promising for, you know, well
[10:44] since we announced the product at the
[10:46] end of last year. Uh we are so excited.
[10:49] Uh but I mean, hey, Blackwell has helped
[10:52] us has helped contribute to us being
[10:54] able to generate real products that
[10:56] people can use. uh and and we are loaded
[10:59] up with CPU compute right now as well
[11:01] and those are all things that are
[11:02] helping us generate actual tools for
[11:05] people. Uh so we're really excited about
[11:07] that. But I mean it makes sense and
[11:08] we're we're just a small startup and
[11:10] we're seeing it right. So these larger
[11:12] companies are doing very well here as
[11:14] well. No shipments of products to China.
[11:16] That's not a surprise. The Chinese
[11:18] aren't allowing this right now. This is
[11:20] a uh you know the Chinese Chinese
[11:22] company. So, uh, White House authorized
[11:25] China, uh, killed it. Okay. So, then
[11:30] I've got, let's see, Vera Rubin on track
[11:33] for second half of the year. Okay. Vera
[11:36] Rubin, second half of year on track.
[11:41] I've got, let's see here.
[11:44] Edge computing revenue for the first
[11:45] quarter up 6.429%. I want to see what's
[11:48] going on in automotive, honestly.
[11:51] outlook. Dude, look at that. 90. Dude,
[11:52] they're gonna guide a hundred billion
[11:54] before we know it. This is absolutely
[11:56] crazy. Somebody here writes, "S1 for
[11:59] SpaceX arrives Wednesday evening." Oh,
[12:02] wow. Okay. Well, we will definitely
[12:04] cover that. Somebody in the chat says,
[12:05] "Nvidia stock has recovered." That's
[12:07] great. I mean, like, these earnings are
[12:09] so good. It shouldn't be bad. Like, this
[12:12] should not go down. These earnings, like
[12:14] these are dream earnings. How much money
[12:17] this company makes. absolute dream
[12:20] earnings and the stock initial reaction
[12:22] is down. It's That's what I'm
[12:25] saying. These earnings are great. Uh
[12:27] beating I mean you couldn't ask for
[12:28] better so far. Okay, so we got CFO
[12:30] commentary. Uh okay, here we go. The
[12:34] press release is finally out. They're
[12:36] really like slow sometimes with actually
[12:39] like updating their website, which is
[12:40] surprising cuz like they're computing
[12:42] company. It's like really you guys
[12:43] having trouble like getting the form on
[12:45] the website? You guys having trouble
[12:46] getting it up? You know, like you need
[12:48] to get some pee pee up in here. I mean,
[12:50] they are the definition of pee pee.
[12:51] Okay. They shouldn't have any problems.
[12:55] Uh, okay. So, uh, I want to see
[12:59] automotive. Honestly, auto
[13:02] auto. Auto auto.
[13:07] Really? They're not going to break down
[13:08] any automotive revenues? That's a
[13:10] bummer. So, I'll have to wait for the 10
[13:12] Q to get automotive revenues. A little
[13:14] bit of a bummer. Uh, let's see. their
[13:16] R&D here. Whoa, look at their R&D
[13:19] actually almost doubled over here. I
[13:22] mean, it's not really noticeable
[13:24] because, you know, they spend 30% more
[13:27] selling their products and their revenue
[13:28] is up a double. Like, who cares? Their
[13:30] R&D is up a little bit. Big deal. So,
[13:34] like their revenue is just destroying.
[13:36] I actually think that once the whole
[13:38] chip bubble pops, which it will
[13:40] eventually, we don't know yet, you know,
[13:43] when there there is no uh indication yet
[13:47] of a rollover of hyperscaler or
[13:50] artificial intelligence spend. So, we
[13:51] don't really know when that rollover is
[13:53] going to be yet, but when it comes,
[13:55] watch, Nvidia is going to end up being
[13:56] an FSD SAS play, and people are going to
[13:58] be like, "Oh my gosh, you know, I
[14:00] thought it was going to be Tesla." And
[14:01] watch, it'll end up being Nvidia. It's
[14:02] pretty remark pretty remarkable. Uh,
[14:06] okay. So, let's just look at a little
[14:07] bit of their commentary here.
[14:10] Uh, okay. Repurchase authorization. We
[14:12] talked about $80 billion. That's great.
[14:15] AI purpose build data centers, data
[14:18] factories, token factories. Yeah. Yeah.
[14:20] Yeah. We already know about all the
[14:21] marketing. We know data center. Okay.
[14:24] What do we got over here? Announced Vera
[14:26] Rubin including the Vera CPU. People
[14:29] underestimate how valuable the CPU
[14:32] business is for Nvidia. Like this is so
[14:36] brilliant. They're so freaking smart.
[14:38] Even their acquisition of Gro Gro Grock,
[14:41] whatever the hell you want to call it,
[14:42] the GR OQ, not to be confused with
[14:45] Elon's Gro.
[14:50] All right. Uh, then you got enter
[14:52] production of Nvidia Dynamo, open source
[14:54] software that boosts generative AI and
[14:56] agentic interface on Blackwell GPUs by
[14:58] up to 7x.
[15:01] Okay. Uh oh. in inference not uh
[15:06] interface right okay inference so I
[15:08] always wonder though you know at some
[15:11] point their chips are going to become so
[15:13] good that we're not going to need as
[15:15] many tokens anymore right that's the
[15:17] turning point for
[15:20] when they almost kill themselves uh and
[15:22] that'll be very painful that's probably
[15:25] why Nvidia is not like a $300 or $400
[15:27] stock yet because right now it does
[15:29] justify over $300 easy it'd be fairly
[15:32] valued over $300 $, but people are
[15:34] worried as soon as there's a little
[15:36] inkling that the money spent stops it.
[15:39] Every comp is going to be negative,
[15:41] right? And I think that's just what
[15:42] people are so worried about, but there's
[15:44] no sign of it yet. Expanded Google Cloud
[15:47] including Vera Rubin, of course, Google
[15:50] Gemini is is very good, very good. Uh,
[15:54] Nvidia Blackwell, Blackwell Ultra GPU is
[15:57] fine. Here we go. Marll, shout out to
[15:59] Marll expanded AI ecosystem. So, I
[16:02] actually think Marll is undervalued as
[16:04] well. The difference between Marll and
[16:06] Nvidia is Nvidia is already fat fat. OH
[16:10] MY GOSH, DUDE. It bounced at my damn
[16:12] line. Are you kidding, dude? I I swear
[16:16] every day I feel like I make a video and
[16:18] I'm like, "Guys, guys, it bounced at my
[16:20] line." And I I feel like people watch my
[16:22] videos and they're like, "Oh, sure it
[16:23] did, Kevin. Sure, sure. You just drew
[16:25] the line there after the fact." So, like
[16:27] I feel like I have to do the occasional
[16:29] live stream to talk about the li like
[16:31] the show. No, the lines are real. You
[16:33] got to break through 22706
[16:36] here, you know? It's and and there it's
[16:39] technical analysis, right? That's what
[16:41] what we do. Uh and we do that every day
[16:43] in the course member live streams. We do
[16:45] um it's it's very I think diverse what
[16:47] we do. Technical analysis, momentum
[16:50] analysis. There's a momentum stock we
[16:52] were looking at this morning that was up
[16:54] like 15%. I'm not sure if it closed up
[16:56] 15%, but it was up like 15%. Honestly, I
[16:58] think it's going to keep going. We'll
[16:59] talk more about that one tomorrow. Uh
[17:01] we've got um short-term trades,
[17:04] medium-term trades, long-term trades.
[17:06] Long-term trades are for people with
[17:08] really big balls, and short and
[17:10] medium-term trades are for people who
[17:12] want, you know, to see some dollars a
[17:15] little sooner. Uh anyway, so uh Marll is
[17:18] actually a combination of a medium-term
[17:21] trade and a long-term trade. Uh Marll
[17:24] has been pretty good and uh they've
[17:26] they've really done fantastically. Uh of
[17:30] course if you want more of that
[17:31] analysis, remember just join us
[17:33] Kevin.com. We got some cool things
[17:34] coming out for course members uh very
[17:36] soon. Me Kevin app is expanding and uh
[17:40] we'll be raising the price again on the
[17:42] membership on uh I think Tuesday. So the
[17:44] day after Memorial Day since the market
[17:46] will be closed on Monday. We're expiring
[17:48] the coupon code on Tuesday. So you got
[17:50] six days to think about it. If you have
[17:52] questions, you could email us at
[17:53] staff@meke.com. Let's keep going here.
[17:55] So, we got a server edition GPU. This is
[17:57] another Blackwell uh chip. They've got
[18:00] that's fine. Anything you can go sell to
[18:02] any various different level. You know,
[18:03] you got smaller startups who want
[18:05] Blackwells and then you've got
[18:06] hyperscalers who want black black wells.
[18:08] Nvidia has so much of TSMC unlock that
[18:12] they just need to keep kind of making
[18:13] little chopped up versions of Blackwell
[18:16] and they could just keep printing money
[18:17] for now. Uh we got um okay some talk
[18:21] about rendering here that's fine.
[18:23] Omniverse autonomous driving at scale.
[18:27] Uh Hyundai Motor and Kia next generation
[18:29] autonomous driving built on Hyperion
[18:31] platform along with the expanded
[18:33] partnership with Uber. I honestly think
[18:36] like people so underpric this. This is
[18:39] so valuable. Uh you know it's going to
[18:42] be a like even Wall Street is still
[18:44] underpricing it. I saw a chart this
[18:46] morning on what they think revenue
[18:47] growth is going to be for autonomous uh
[18:51] driving for Nvidia. I actually have it
[18:53] right here. And uh I mean in my opinion
[18:56] this is this is a stupid forecast. Like
[18:58] I think it's going to be way higher than
[19:00] this. They actually think QCOM can get
[19:02] more automotive revenue than Nvidia. You
[19:05] know QCOM expanding from like 1.3
[19:08] billion to 3.3ish somewhere around
[19:10] there. Uh so I mean that's pretty
[19:12] impressive. uh in Nvidia only going from
[19:16] you know about what um actually no QCOM
[19:20] going from lower QCOM going from like
[19:22] 600 ah you got to figure you you look at
[19:25] the chart yourself and figure it out
[19:27] yourself the point is they expect QCOM
[19:29] to move faster I can't think about this
[19:30] live because I want to focus on
[19:32] continuing to get through this uh BYD
[19:36] Nissan are building level four ready
[19:38] vehicles on the Hyperion platform this
[19:40] is so smart and the Chinese are so good
[19:43] at manufacturing. This is so smart.
[19:46] CUDA. Oh, oh, oh, oh. This is huge for
[19:50] um this 6G thing. This like Marll is all
[19:54] over this, by the way. Jensen, Marll,
[19:58] um 6G, even 5G base stations. Anytime
[20:02] you hear base stations, you want to
[20:03] think about this. Basically, think about
[20:05] it this way. You know how Apple's like,
[20:07] "Oh, we want you to do ondevice AI,
[20:09] right? Yeah, that's cool. But what what
[20:12] we really want is really fast ondevice
[20:15] AI that can also coordinate with your
[20:19] company's servers or base stations or
[20:22] you know basically over a five or 6G
[20:24] network. Uh and and Marll's got uh you
[20:26] know there's like a call option in Marll
[20:28] for that technology. It's pretty
[20:30] exciting. Uh not to be confused with
[20:32] Marvel superheroes. You know, I I say
[20:34] when Max hasn't had enough food that he
[20:37] turns into the Hulk. And so when he
[20:40] starts getting fussy, I tell him, "Hey,
[20:41] you need to eat something. You're
[20:42] turning green, buddy." And he actually
[20:44] laughs over it. Uh but it's true. He
[20:47] turns into a little Hulk. It's just
[20:48] like, you know, the gamma radiation is
[20:51] taking him over. Accounts receivable
[20:53] pretty stable actually compared to last
[20:55] year. A lot of people dunked uh on on uh
[20:58] Nvidia last year because of this massive
[21:00] boost in accounts receivable. This is
[21:02] really stabilized here. So, pretty
[21:04] consistent. Uh, we've got uh really cash
[21:07] and marketables here of about $50
[21:09] billion sitting around plus oh, equity
[21:12] securities on that as well. So, I got
[21:14] $80 billion plus accounts receivable. I
[21:17] got $120 billion. I got bills to pay of
[21:20] about 44. Big deal, dude. I have enough.
[21:23] I mean, my accounts receivable could pay
[21:24] that and I don't even have to touch my
[21:25] cash. So, they're totally fine on bills
[21:28] to pay. They have virtually no long-term
[21:30] debt. I mean, I've got lease
[21:32] liabilities. I don't even usually count
[21:34] those. I've got 9 plus 7 over here. I
[21:37] got about 16 long-term. These people
[21:39] fart $16 billion.
[21:42] Uh I know that sounds just like crazy,
[21:45] but this is this is a a big AI winner.
[21:49] Uh and it blows my mind that, you know,
[21:52] a company like this could actually be
[21:53] down on such a good beat. But it's not
[21:56] surprising. A because we have a line and
[21:59] you know even the last time we broke out
[22:01] of 198 we had to retrace to it. So the
[22:04] line's important but I wouldn't be
[22:07] surprised that you know as we get closer
[22:08] to the SpaceX IPO we could break through
[22:10] this line and then we'll push through
[22:12] 255 and and then 295 will be the big
[22:15] test. Uh because that's when you get to
[22:17] breaking through 300, right? Uh but uh
[22:20] it'll take some time but I think it'll
[22:22] happen between now and the IPOs. SpaceX,
[22:26] OpenAI, Claude, they'll make it happen
[22:29] this year. The problem is those IPOs
[22:32] could end up marking the top of the
[22:33] market. Uh, you know, once once all of
[22:36] those guys go down and they've drained
[22:38] everybody of funds, you're going to have
[22:40] big problems. And so, a canary that I'm
[22:44] watching in the coal mine is Cerebrus.
[22:46] We've talked about that quite a bit. And
[22:48] also Coreweave. You know, Corweave's
[22:51] been trying to get back, but you could
[22:54] see, look at this. I I kid you not,
[22:56] rejected at the line. Again, nobody
[22:59] wants to hear about Kevin's lines. I
[23:00] mean, I guess course members do. They
[23:02] like Kevin's lines. Uh, but it's pretty
[23:04] remarkable. So, very, very, very, very,
[23:07] uh, impressive earnings for uh, Nvidia.
[23:11] Uh, so absolutely fantastic.
[23:14] Uh, so, uh, Scott is asking about Nvidia
[23:17] pulling back spending on OpenAI deal.
[23:19] Um, well, it's it's a little different.
[23:22] So, Jensen has said he doesn't want to
[23:26] invest more into OpenAI because they're
[23:29] going to go public. That's sort of his
[23:30] excuse. I actually think he just doesn't
[23:33] want to come across as a shill for one
[23:35] company. He doesn't want to pull like a
[23:36] soft bank, right, and only shill for
[23:39] open AI because he wants like he
[23:42] realizes Anthropic is killing it. He
[23:44] wants their business too. And what did
[23:46] Anthropic just do? Anthropic just leased
[23:48] a crapload of data center compute
[23:50] capacity with XAI, you know, inside of
[23:54] SpaceX. And guess what? Elon spends
[23:56] money on Nvidia chips.
[23:59] So, you know, it's it's actually uh it's
[24:01] pretty impressive. Uh oh, I got an
[24:03] update here. Anthropic expects a 130%
[24:07] revenue surge to 10.9 billion in the
[24:09] June quarter. Holy moly. And its first
[24:13] operating profit. Wow.
[24:17] Wow. That would be crazy if that's true.
[24:19] They generated 4.8 billion in the first
[24:21] quarter. Operating profit of 559 million
[24:25] in the June quarter. Whoa,
[24:28] dude. That should pump up the entire
[24:30] server se honestly. That should that
[24:33] alone should give you green candlesticks
[24:34] on Nvidia right now that Anthropic is
[24:37] potentially turning profitable. That's
[24:40] huge
[24:42] huge news. Uh that's that's actually a
[24:46] really wild update. Wow, that's almost
[24:48] worth its own video. Anyway, uh this is
[24:51] all about Nvidia earnings here. Thank
[24:52] you so much for coming to the Nvidia
[24:54] earnings. Maybe we could do some more
[24:55] live streams. You want to chat more, do
[24:56] some more fundamental analysis, make
[24:58] sure you join me. Meet Kevin.com. Use
[25:00] the Memorial Day coupon code. I love you
[25:01] all. We were live with course members
[25:03] for like an hour this morning. I love
[25:04] bringing value to everybody and we'll
[25:06] keep bringing analysis. Thanks so much
[25:07] for being here.