Nvidia (NVDA) shares are popping in Wednesday’s extended trading after beating earnings estimates for its fiscal first-quarter 2025, posting revenue of $26 billion (expected $24.69 billion) and adjusted earnings of $6.12 per share (expected $5.65 per share). The chip giant also announced a 10-for-1 stock split to occur on June 7.
Defiance ETFs CEO and CIO Sylvia Jablonski joins Market Domination Overtime to talk Nvidia’s earnings figures and the positive upside this news will have on tech megatrends and the market (^DJI, ^IXIC, ^GSPC) as a whole.
"AI is the biggest megatrend that we have and it’s going to impact every single industry out there. And these numbers tell us that that’s playing out, right? All of these different industries are very likely increasing the breadth of demand from just tech companies to just revolutionizing how we do other things, whether healthcare, financial, financial security, financial reporting, banks, risk trading, quantum computing, supercomputing — all of it," Jablonski elaborates, calling Nvidia "the bellwether of the market."
#youtube #Nvidia #stocks
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