John Authers, Columnist

When 50% Margins No Longer Impress, You’re Nvidia

AI frenzy may have finally peaked, making ever rising profitability unrealistic. Also: Berkshire joins the $1 trillion club.

August 29, 2024 at 4:00 AM UTC

By John Authers

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Traders at at the Cboe Global Markets exchange in Chicago ahead of Nvidia’s earnings.
Photographer: Alex Wroblewski/Bloomberg

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Nvidia’s results for the quarter that ended July 31 are with us, and the market didn’t seem impressed. After executives had finished their earnings call, its shares were down more than 8% after-hours, and almost 12% for the week. Bloomberg tells you all you need to know about this fascinating company here and here, while you can see the Bloomberg Opinion livestream on the results as they came in, featuring me, Dave Lee and Jonathan Levin, here, and listen to Cameron Crise’s Macro Man podcast here.