📈 76% of NVIDIA Employees are millionaires?

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This is your final chance to get the free list of the elite Dividend Kings – 53 stocks with 50+ years of consecutive dividend increases.

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Markets

Dow scores 25th record close of year, while S&P 500 and Nasdaq slip
U.S. stocks were mixed on Thursday, but the Dow ended on a high note, hitting a new record close, rising 243.63 points to 41,335.05. This marks its 25th record close of the year. Meanwhile, the S&P 500 remained nearly flat, shedding less than a point to finish at 5,591.96.

Best Buy stock soars 14% after earnings smash expectations
Best Buy (BBY) soared over 14% on Thursday after the retailer delivered better-than-expected earnings and issued strong forecasts. The stock reached a new 52-week high, stabilizing around $100.

PCE Data - Here’s what to expect
The Commerce Department will release its personal consumption expenditures (PCE) price index at 8:30 a.m. ET on Friday, offering a key inflation snapshot. The report could impact the scale of the Fed's September rate decision. Here’s what to expect.

Where Will AMD Stock Be in 3 Years?
AMD has faced a challenging three years, with its stock under pressure from a weak PC market and fierce competition from Nvidia. Despite these setbacks, a potential turnaround in the next three years isn't out of the question. Here's why investors might see a brighter future for AMD.

TECH

Nvidia’s Stock Takes a Hit

Nvidia shares dropped by about 6% on Thursday, despite the company’s impressive fiscal second-quarter results. Although Nvidia posted a 122% year-on-year revenue increase, surpassing $30 billion, the market's lofty expectations created a challenging backdrop.

This marked the fourth consecutive quarter of triple-digit growth for Nvidia, but as the company rapidly expands, the annual comparisons are becoming more difficult to sustain.

Rising Expectations and Tough Comparisons

Nvidia's guidance for the upcoming quarter suggests a revenue of $32.5 billion, which represents an 80% year-on-year increase.

However, this would signal a slowdown compared to the July quarter, sparking concerns among investors. The current dip in Nvidia’s stock also affected other semiconductor firms globally, including major players like Samsung and Taiwan Semiconductor Manufacturing Co.

AI Boom and Market Concentration

Nvidia’s dominance in the AI space, particularly with its H100 chips used by tech giants like Meta and Microsoft, has driven its market capitalization to a staggering $3.1 trillion. Yet, this success also underscores the risk of heavy investment concentration in Big Tech. As Nvidia's value soars, it’s a gamble not just on AI, but on Nvidia's ability to continue leading the charge in this revolutionary technology.

Wealth Surge for Nvidia Employees

The company's stock surge has also made many Nvidia employees incredibly wealthy. Thanks to attractive stock incentives, employees can buy shares at a discount, leading to significant windfalls. One mid-level employee reportedly retired with shares worth $62 million, highlighting the massive wealth generation tied to Nvidia's success.

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