The market's favorite chipmaker, Nvidia, had a rough Monday, and it's indicative of one of the key paradoxes the company — formerly a $3 trillion chip designer and the world's most valuable publicly traded company — continues to face.
Presented by
Hey Snackers,
Tired of booking a seemingly affordable Airbnb, only to watch the cost of your stay double after cleaning and service fees are tacked on? Thankfully, those days are over: Airbnb will now display the total price of your stay by default, before a Federal Trade Commission rule meant to address so-called junk fees takes effect in May.
Monday was a "sell everything" day in US markets, with stocks, bonds, and currency all taking it on the chin. Traders seemingly ratcheted their views on recession risk higher as more prominent economists warned of a US downturn, and they also reacted to escalating critiques of Fed Chair Jerome Powell by President Donald Trump. The president reportedly met with execs from retail giants Walmart, Target, and Home Depot, among others, to get intel on what tariffs are doing to their business outlooks.
Stocks managed to recover from their lows of the dayin the last hour of trading, with the S&P 500 finishing down 2.4%, the Nasdaq 100 off 2.5%, and the Russell 2000 2.1% lower on the day.
The market'sfavorite chipmaker,Nvidia, had a rough Monday, and it's indicative of one of the key paradoxes the company — formerly a $3 trillion chip designer and the world's most valuable publicly traded company — continues to face.
Namely, Nvidia is now trading ata forward price-to-earnings ratio of about 20.5x.This is about 6.5% higher than the S&P 500's multiple (19.25x). But let's take a step back, if we may, to look at the bigger picture.
That's Nvidia's smallest premium since early 2016, back when its sales from gaming were 10x its data center revenues.
It was 6.5% higher than the S&P 500 yesterday, but it started out the year at 59% higher and last year maxed out at about 241% higher.
Basically, at least compared to the S&P 500 as a whole, the stock is cheaper than it's been in nearly a decade.
Add in that expectations for Nvidia's earnings over the coming year are finally starting to get snipped by Wall Street analysts and, well, if you're bullish on Nvidia, this really is a pretty swell moment to be an investor in the company.
THE TAKEAWAY
Nvidia, despite its best efforts,remains at the heartof the trade tug-of-war between the world's two biggest economies. While the Street is dialing back some of its estimates —though trimming rather than slashing — it is worth noticing that at least compared to the broader index, Nvidia is pretty dang cheap.
Future Cardia, A Stanford StartX Accelerated Company, Raises $14M from Investors to Disrupt the $3.42B Remote Cardiac Monitoring Market
Meet Future Cardia, a bold and scrappy innovator redefining implantable cardiac monitoring — taking on billion-dollar giants in the $3.42B+ remote cardiac monitoring market.1
How's It Going?
✅ 39 successful human implants — evidencing its breakthrough technology in real-world patients.
✅ Recently completed clinical testing in the EU
✅ 60,000+ hours of real-world cardiac data collected — delivering exceptional insights for early disease detection.
✅ Accelerated by Stanford StartX and Incubated by Johnson & Johnson's JLABS
The Even More Exciting News?
Future Cardia has already raised $14M across all offerings, and now, investors have the chance to own a stake in the next big innovation in heart health.
This is the future of cardiac care — invest today.2
Rapper Doechii's song "Anxiety" is everywhere these days, even before the performer released a new, elaborate video for the track last Friday. Its fame is almost entirely thanks to TikTok, and not because people there are feeling a lot of anxiety over the app's future. In any case, what's fascinating is how differently "Anxiety" has been performing on TikTok compared to previous viral hits. Tracing how "Anxiety" went from an obscure single to a global phenomenon might be the best evidence yet that one era of TikTok has ended and a new one has begun.
"Anxiety" was released in 2019 on YouTube, and archives show that at the beginning of the year, the original had less than 50,000 views there. All of that changed for the same reason Doechii's career took off in the first place: TikTok. On February 14, a user uploaded the largely forgotten video and optimized it for the platform, and it took TikTok by storm. The official sound has become the single most popular sound of the year, and on March 4, when Doechii released a rerecorded version, it flew to No. 2 on Spotify's charts.
This is where we noticed a key difference in the path to TikTok popularity that could change the future for content creators forever. Here's what's changed.
We imported $1.6 billion worth of these TikTok-famous and "SNL"-skit-worthy items last year, and 96% of our imports of this influencer must-have came from China.
Kevin O'Leary is StartEngine's Strategic Advisor & Spokesman.3
The core of cardiac health is getting the AI treatment. Mr. Wonderful & Jaeson Bang, CEO of Future Cardia, discuss how Future Cardia is changing cardiac monitoring with implantable AI devices — watch the clip here.
Capital One and Discoverjumped after getting the green light to close their $35 billion megamerger
Netflix was the only BATMMAAN stock in the green after JPMorgan analysts raised their price targets on the basis that Netflix is a good hedge in a bad economy
What else we're Snackin'
Earnings calls are already referencing "recession" more than the last two reporting periods combined
We counted all the Cybertrucks stashed outside Tesla's factory in Texas and it's a lot: see our satellite image
How to manage heart failure? Prevent it. Future Cardia recently completed ECG validation testing for their AI-powered implantable cardiac monitors in the EU — and now, they've got their sights set on the U.S. Discover the crowdfunding campaign.2
Tuesday: Earnings expected from Tesla, 3M, Kimberly-Clark, Lockheed Martin, Northrop Grumman, GE, and Verizon
Advertiser's disclosures:
1 The Total Addressable Market was estimated to be $3.42 billion dollars in 2023
This product is not yet available for purchase and requires review and clearance before being marketed or sold.
2 Please read the offering circular and related risks here. This is a paid advertisement for Future Cardia's Regulation CF Offering. This Reg CF offering is made available through StartEngine Primary, LLC, member FINRA/SIPC.
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
3 Kevin O'Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, here. StartEngine is where Future Cardia's Reg CF offering is made available.
Was this email forwarded to you? Don't miss out on future stories — subscribe to Snacks and get your daily dose of financial news straight to your inbox.
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more
