Brought to you by:
Top stories today:
- NVIDIA’s revenue +3.6x YoY to $26.0B in Q1, net income at $14.9B
- Groq in talks to raise $300M at potential $3B+ valuation
- Pro-crypto FIT21 bill passes in House by 279-136
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’s revenue +3.6x YoY to $26.0B in Q1, as net income +5.3x to $14.9B
Guidance of $28.0B (2% margin of error) for Q2.
QoQ growth would slow to a still impressive 8%, from 18% this quarter.
10:1 stock split announced.
Stock +7% in the pre-market to $2.5T market cap.
#3 largest company in the world.
The big question: until when can NVIDIA enjoy monopoly-like profit margins? AMD, Intel, Microsoft, Google, Meta, and Apple are all developing AI chips as we speak.
2. Groq in talks to raise $300M at potential $3B+ valuation
Groq is seen today as the fastest and cheapest way to run open source models like Llama 3, due to its LPU chips, designed specifically for AI inference:
Morgan Stanley has been hired.
Previously raised $367M+ from Tiger, D1, and others at $1B+.
Access thousands of tokens across Ethereum, Base, Arbitrum, and 7+ chains directly from your smartphone.
The Uniswap Wallet App was built with security in mind, with built-in features like recovery phrase backup and Face ID requirements, keeping your funds safe at all times.
Claim your free username when you onboard, which lets you easily send and receive funds without having to deal with a lengthy wallet address.
Start swapping on the Uniswap Wallet App on iOS and Android.
*Sponsored.
4. Pro-crypto FIT21 bill passes in House by 279-136
CSPAN.
