John Carl,
Editor
Aug. 23, 2024
The world is holding its collective breath in anticipation of Nvidia’s earnings next week.
On Wednesday, the 28th, Nvidia will release the results of their Q2 earnings after the closing bell. It’s been called the “most important earnings announcement in years.” Wall Street’s expectations are sky high.
Daniel Ives, an analyst for Wedbush Securities, was blunt about the fact that he wants to see outsized growth yet again:
“In a nutshell, we expect another ‘drop the mic’ performance from Nvidia.”
As you can see in the graph below, Nvidia has consistently outperformed its own outperformance — so it’s little wonder that Wall Street has become addicted to this level of success.
They’ve continually beat earnings by double-digit percentages.
Nvidia Keeps “Gobbling Up” Small AI Firms
Nvidia is quietly buying out every small AI firm it can. To quote Bloomberg: “Nvidia... has been gobbling up startups...”
And each buyout creates a windfall for investors holding shares of these small firms. Our new video presentation reveals the 3 small AI firms Nvidia is buying next (and how to get your shares in time).
And then I haven’t gotten tired of sharing this chart, which illustrates the incredible scale that Nvidia is seeing today when you compare it with years past.
It’s this level of earnings, and the corresponding momentum of the stock price, that led my Digital Dispatch readers and I to 580% gains over the past 18 months.
But investing directly in Nvidia isn’t the only way to play this scenario.
If Nvidia sees good results next week, as they’re likely to do, that rising tide will lift all boats.
Especially small players with more upside — not only do they benefit from general industry sentiment, but they also enjoy the added benefit of potential buyouts.
So you can do even better by investing in smaller AI firms that are ideal buyout targets.
Nvidia has already been on quite the shopping spree this year, spending well over a billion:
And that’s just this year. Nvidia has spent much more than this in years past, completing 21 acquisitions with an average acquisition amount of $6.98B.
My colleague Chris Curl and I have even put together a list of the 3 small AI stocks that we believe are most primed for a buyout.
As Daniel Ives said: “We focus with eyes on the prize... the AI buildout and the tech winners of this 4th Industrial Revolution.”
It’s going to be a big week — this is your chance to get in while there’s still time.
Make it your own,
John Carl
Editor, Daily Profit Cycle