NVIDIA continues to gobble up the market
Five charts to start your day
When NVIDIA reports its earnings, the entire stock market holds its breath. That's what happens when you're worth $3.6 trillion and make up 7 percent of the S&P 500.
The numbers are staggering. Revenue and earnings have doubled from last year and next quarter looks set for $37.5 billion in sales. Even more impressive, CEO Jensen Huang has beaten his own estimates by about $2 billion for six quarters running.
Yet here's what makes NVIDIA truly remarkable: it's not just about the company anymore. Its performance drives the entire market. Consider this – NVIDIA’s stock accounts for 24 percent of the S&P 500's gains this year. That's more influence than Cisco had in 2000 when it briefly became the world's most valuable company.
