I’m fresh off the plane from Las Vegas—and no, I wasn't hitting the slots, though the city's Harry Reid International Airport sure hit the jackpot with a record-breaking 57.6 million passengers last year. The airport is on track to service even more people this year, a reflection of the travel boom that’s expected to set new passenger figures this summer.
The company expects sales to hit $28 billion in the current quarter as demand for its graphics processing units —ideal for use in AI applications—continues to accelerate.Thanks to the whirlwind market rally, NVIDIA's market cap now tops a mind-boggling $2.5 trillion, larger than the entire German stock market and making it the world’s third most valuable company after Microsoft all split shares in 2022.
Finally, NVIDIA just ranked number one on the 2024 Axios Harris Poll 100, which ranks the reputations of companies most on Americans’ minds. Tens of thousands of respondents are asked which two companies—in their opinion—stand out as having the best reputation. Rounding out the top five companies were 3M Company ,As always, I recommend a 10% weighting in gold for more conservative investors, with 5% in physical gold and 5% in high-quality gold mining stocks, mutual funds and ETFs.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of : Tesla Inc., Apple Inc, Amazon.com Inc.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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