Before I blow your mind with this Nvidia chart, I have some exciting news to share.
For the next month, I’m teaming up with Callie Cox, Chief Market Strategist at Ritholtz and author of OptimistiCallie, to launch 📈THE CHART PACK📈.
Every Thursday, we will drop a set of charts with both of our commentary beneath.
As Callie puts it, it’s “like a conversation we have on the desk, but for the whole world to see.”
I couldn’t have said it better myself.
📈THE CHART PACK📈 will live over on Callie’s blog, so go subscribe to OptimistiCallie now!
First post tomorrow. I’m so pumped.
PS: Callie also puts out an excellent newsletter every Monday. Don’t miss it!
Michael asked me for some Nvidia charts to show in our earnings preview in this week’s episode of What Are Your Thoughts? over at The Compound.
So, as I do, I began charting.
And when I plotted this one I truly thought: wtf? Is that even right?
After checking the data several times, I can confirm that yes, the chart is right and yes, my jaw is on the floor.
What you’re looking at is the cumulative change in Nvidia’s 12M Forward Earnings Estimates since the launch of ChatGPT (that’s the dark blue line) versus the cumulative price change of Nvidia over the same timeframe (that’s the light blue line).
Forward earnings estimates are +1,136%, outpacing the +964% return in the stock since the launch of ChatGPT.
What is happening with Nvidia is truly unbelievable.
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