June 6, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Nvidia Surpasses Apple

Please click here for a chart of Nvidia stock (NVDA).

Note the following:

• The chart shows the move up in NVDA stock after earnings.
• The chart shows a second leg up on four pieces of news stoking the AI frenzy and Wall Street front running:
  • Nvidia announced its Rubin platform.
  • Hewlett Packard Enterprise Company (HPE) earnings showed high demand for Nvidia chips.  Moreover, HPE’s CEO was skeptical of competitors catching up to Nvidia.
  • Elon Musk diverted Nvidia chips from Tesla (TSLA) to his AI startup.