To The Moon

Tís The Week Before Thanksgiving. Coming Thu, 28 Nov 2024 will be Thanksgiving in the US. US stock market will be closed for this important holiday and Friday half day. As it is the last trading week of November, Fed’s prefer inflation report - the personal consumption expenditure (PCE) will be released on Wed, 27 Nov 2024, a day before the big festive celebration. Recap. Before jumping headlong into US October 2024 PCE forecast, here’s a recap. (1) US PCE - September 2024. Headline inflation. Monthly : 0.3% vs 0.2% (Aug) vs 0.2% (Jul). Annual : 2.1% vs 2.3% (Aug) vs 2.5% (Jul). (see above) Core Inflation. Monthly: 0.3% vs 0.2% (Aug) vs 0.2% (Jul). Annual: 2.7% vs 2.7% (Aug) vs 2.6% (Jul). (see above) (2) Consumer Price Index - October 2024. Headline inflation. Monthly : 0.2% vs 0.2% (Sep)

$NVIDIA Corp(NVDA)$ once again delivered stellar earnings, reaffirming its position as the undisputed leader in AI-driven computing. The company continues to capitalize on surging demand for AI infrastructure, boasting record revenue across key segments. Yet, despite the solid beat and guidance, the stock’s typical post-earnings volatility makes me cautious about jumping in immediately. Nvidia reported record-breaking revenue of $35.1 billion for Q3 2024, reflecting a 17% sequential growth and an astounding 94% increase year-over-year. The numbers are impressive across the board: Data Center Revenue: $30.8 billion, up 17% from Q2 and up 112% year-over-year. This growth highlights the explosive demand for Nvidia's AI and machine learning solutions.