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NVIDIA Corporation [stckqut]NVDA[/stckqut] isn’t going anywhere. In fact, as the CEO said in the latest earnings call, it is the fastest growing technology company in the world. But there’s more to that statement — a lot more.

First, when we talk about growth here, sometimes we reflect upon companies where growth is coming while earnings are forsaken. That is not the case at all with Nvidia.

NVIDIA Corporation has hit $6.9 billion in revenue, up 38% year-over-year. But, this gets much bigger. These are numbers for the last quarter, compared the same quarter one year ago:

  • Gaming revenue was $1.35 billion up from $810 million for 66% growth.
  • Data center revenue was $296 million up from $97 million for 205% growth.
  • Automotive revenue was $128 million up from $93 million for 38% growth.

Amazon and Microsoft, the two largest cloud players, openly offer Nvidia GPU powered machines to their clients, and the conversion so barely (barely) at the beginning.

In just the last quarter, Nvidia announced:

  • Collaborated with Microsoft to accelerate AI with a GPU-accelerated Microsoft Cognitive Toolkit available on the Microsoft Azure cloud and NVIDIA DGX-1™.
  • Partnered with the National Cancer Institute and the U.S. Department of Energy to build CANDLE, an AI framework that will advance cancer research.
  • Unveiled the NVIDIA DGX SATURNV AI supercomputer, powered by 124 Pascal-powered DGX-1 server nodes, which is the world’s most efficient supercomputer.
  • Partnered with Audi, to put advanced AI cars on the road by 2020.
  • Partnered with Mercedes-Benz, to bring a NVIDIA AI-powered car to the market.
  • Partnered with Bosch, the world’s largest automotive supplier, to bring self-driving systems to production vehicles
  • Partnered with Germany’s ZF, to create a self-driving system for cars, trucks and commercial vehicles based on the NVIDIA DRIVE™ PX 2 AI car computer.
  • Partnered with Europe’s HERE, to develop HERE HD Live Map into a real-time, high-definition mapping solution for autonomous vehicles.
  • Partnered with Japan’s ZENRIN, to develop a cloud-to-car HD map solution for self-driving cars.

Barron’s notes that the firm provides processors to more than 50 automakers working toward driver-less cars.

Nvidia’s net income was $1.67 billion in the last year, up 171% year-over-year. For perspective, Amazon’s net income over the last year was $2.4 billion.

Here are some more facts for you to consider, whichever direction you go with Nvidia. This is last quarter’s earnings results highlights:

  • Growth was driven primarily by Datacenter tripling with a rapid adoption of AI worldwide.
  • AI is transforming industries worldwide. The first adopters were hyperscale companies like Microsoft, Facebook, and Google, which use deep learning to provide billions to customers with AI services that utilize image recognition and voice processing.

The next area of growth will occur as enterprises in such fields as healthcare, retail, transportation, and finance embrace deep learning on GPUs.

  • Microsoft announced that its GPU-accelerated Microsoft Cognitive Toolkit is available both in Azure cloud and on premises with our DGX-1 AI supercomputer
  • Growth for the quarter and fiscal year was broad based with record revenue in each of our four platforms, Gaming, Professional Visualization, Datacenter and Automotive.
  • Q4 Gaming revenue was a record $1.35 billion, rising 66% year-on-year and up 8% from Q3
  • GRID, graphics, virtualization business doubled year-on-year, driven by strong growth in the education, automotive, and energy sectors.
  • With NVIDIAs powering the market’s only self-driving cars and partnerships with leading automakers, Tier 1 suppliers, and mapping companies, we feel very confident in our position as the transportation industry moves to autonomous vehicles.
  • Gross margins were at record levels.
  • GAAP operating income was $733 million, and non-GAAP operating income was $809 million, both more than doubled from a year earlier.

Source: What to do about NVIDIA Corporation (NASDAQ:NVDA)

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As John Kicklighter points out on Stocktwits (https://stocktwits.com/johnkicklighter), we have now have had 92 straight trading days since the S&P500 has had a 1% loss.

The gains also have been broad-based, with sectors such as financials, consumer goods, technology, and healthcare all advancing. At least four major factors are helping drive prices higher: rising corporate earnings, global economic growth, continued low-interest rates and expectations that President Trump’s call for tax and regulatory cuts could further swell earnings.

It’s worth keeping historical data in your decision-making arsenal. The average bull-market length is 54 months, according to J.P. Morgan Asset Management—42 months shorter than the current bull run through February. And the S&P 500 long-term average price/earnings ratio? It’s just 15, compared with more than 25 today. That kind of wider context signals that today’s valuations and recent good times won’t be easy to sustain.

Source: johnkicklighter – Now 92 trading days since we had a 1% or greater loss from t… | StockTwits

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The Applied Materials, Inc. [stckqut]AMAT[/stckqut] stock chart is littered with bullish indicators that suggest higher prices are likely for Applied Materials stock.

The bullish run in Applied Materials, Inc. stock, which began in August 2015, has been nothing short of spectacular. In that time span, AMAT stock has managed a whopping return of 160% for those savvy enough to pick up shares as the price put in a bottom.

Patrick Brik of Profit Confidential believes that this bullish run in Applied Materials stock still has legs, and that higher prices are still likely.

Patrick is bullish on AMAT stock because all the indications on multiple time frames continue to suggest that higher Applied Materials stock prices are likely. He believes that the current surge toward higher prices will continue until the previous all-time high, which was set at the peak of the dot-com bubble, is tested.

Source: Applied Materials Stock (NASDAQ:AMAT) Still Has Plenty of Room to Run

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Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union.

Amazon, along with other tech giants such as Google and Apple, has increased its commitment to Britain in the last year, saying Britain’s referendum decision to leave the EU last June did not affect its investment plans.

The plans to add over 5,000 jobs in 2017 is a record for Amazon in Britain, although at least 2,000 of the jobs had been previously announced. The moves would take its permanent workforce in the country to 24,000.

Source: Amazon to create over 5,000 jobs in Britain in 2017 | Reuters

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Some things, even huge piles of money can’t buy.

One of those things might be the ability to unseat Amazon.com Inc.’s [stckqut]AMZN[/stckqut] AWS as the king of the cloud computing market. Not that others haven’t made a game effort. The two largest challengers— Microsoft Corp.[stckqut]MSFT[/stckqut] and Google parent Alphabet Inc.[stckqut]GOOGL[/stckqut]—have dropped about $52 billion combined in capital expenditures over the past three years, much of which goes toward their massive networks of data centers and related equipment. That’s double what the two spent over the previous three-year period.

It’s not been without results. Microsoft’s Azure cloud service more than doubled its revenue in 2016 to about $2.7 billion, according to estimates from J.P. Morgan. Google’s Cloud Platform surpassed $1 billion in revenue in 2016, estimates Aaron Kessler of Raymond James.

The latter is particularly of note, given that it’s been barely a year since Google brought in former VMware chief Diane Greene to run the cloud division and focus on enterprise customers. It took AWS at least five years to hit the $1 billion mark, judging from Amazon’s limited disclosures at the time.

Source: Amazon Rivals Have Big Clouds to Fill – WSJ