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- NVIDIA sees revenue +265% YoY to $22.1B in Q4, becomes #4 company in market cap
NVIDIA sees revenue +265% YoY to $22.1B in Q4, becomes #4 company in market cap
Top stories today:
- NVIDIA's revenue +265% YoY to $22.1B in Q4
- Google launches Gemma, open-source small language models (2B, 7B)
- Google One AI Premium available for public
- Fed minutes reveal discomfort with premature cuts
- Japanās Nikkei index surpassing 1989 record, +2% to 39,098
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. NVIDIA sees revenue +265% YoY to $22.1B in Q4, becomes #4 company in market cap
$24B guidance forecastĀ for Q1, much above $21.9B expected.
NVIDIAās net profit was +491% YoY to $12.8B, a record 58% margin, as NVIDIA is able to charge high prices for its AI chips, with little competition
Nvidia stock +13% in the pre-market, pricing in a $1.91T market cap, the worldās #4 most valuable company
Microsoft, Apple, and Saudi Aramco are still the top 3, with NVIDIA surpassing Alphabet and Amazon to become #4.
2. Google launches Gemma, open-source small language models (2B, 7B)
Gemma outperforms Metaās Llama-2 in most benchmarks, according to Google:
Comparable to Mistralās 7B model.
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Google.
Read more: XDA.
5. Fed minutes reveal discomfort with premature cuts
The 10-year yield held previous gains after the release of the minutes:
No cuts coming until FOMC sees āgreater confidenceā that inflation is receding.
āMost participants noted the risks of moving too quickly to ease the stance of policy and emphasized the importance of carefully assessing incoming data in judging whether inflation is moving down sustainably to 2 percent.ā
6. Japanās Nikkei index surpassing 1989 record, +2% to 39,098
35 years of negative performance has come to an end:
The market cap of the Tokyo stock exchange is +52% vs. 1989
7. iPhone represents top 7 smartphones sold worldwide
8. Apple Sports app released, with live scores, betting odds, stats
Available for download in the U.S., UK, and Canada.
9. Grokās V1.5 out in 2 weeks, announces Elon
xAIās GrokĀ will analyze online discussions and provide summaries.
10. U.S. represents 61% of āinteractive intrusionā targets, with Tech, Telecom as leading sectors
11. Interesting videos, posts, and memes
11. Other headlines
AI
Reddit licenses data to Google for AI use for ~$60M/year.
Geminiās historical inaccuracies to be fixed: Google.
Magicās $100M investment: behind the scenes.
Google Deepmind announces formation of AI Safety and Alignment org.
Microsoft will use Intel to manufacture home-grown chips.
Astera Labs files for IPO, amid enthusiasm for AI, semiconductors.
Tech
Google to begin Pixel production in India in Q2.
Rivian stock -14% as company lays off 10%.
Lenovoās revenue +3% to $15.7B in Q4.
Reddit reserving IPO shares to 75K top users.
BuzzFeed sells Complex for $108M, likely to pay $150M debt outstanding.
Apple securing iMessage with post-quantum cryptographic protocol.
WhatsApp adds 4 new text formatting options.
Roblox game developers earn $741M in 2023.
Smartphone sales -10% in Jan. in U.S.
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Tech & law
Beijing targeting 20+ countries for hacks: leaked docs.
U.S. sanctions Huaweiās most advanced factory from importing U.S. goods.
U.S. VC firms reducing China investments.
Coast Guard given authority over maritime cyber threats.
Business
Boeing 737 MAX head leaves after Alaska Air accident.
Chord Energy, Enerplus plan $11B merger.
Crypto
Yuga Labsās co-founder Garga returns as CEO.
Do Kwon should be extradited to U.S.: Montenegro court.
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U.S. politics
Unilateral tightening of migrant rules weighed by Biden.
Biden cancels another $1B in debt, now totaling $138B.
Elon has gone 1x to White House under Biden, to meet advisers on AI.
World
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