Nvidia CFO Colette Kress says Q2 “net other income” was $2.2B, “driven by gains in a publicly-held equity security”, which refers to Nvidia's CoreWeave position
sherwood.news/markets/nvidia-the- asset-manager-had-a-massive-q2-thanks- to-coreweaves-rally/ [image] Ed Zitron / @edzitron.com : Are you FUCKING KIDDING ME? NVIDIA barely beat earnings estimates, and it seems part of the reason they beat them was the value of their god damn CoreWeave shares? [embedded post] @bendwalsh : Nvidia, the asset manager? sherwood.news/markets/nvid... [image] Luke Kawa / @ljkawa : Nvidia's net other income alone (i.e. CoreWeave) would be the 44th most profitable member of the S&P 500, a smidge behind McDonald's. sherwood.news/markets/nvid... [image]
Nvidia's net other income alone (i.e. CoreWeave) would be the 44th most profitable member of the S&P 500, a smidge behind McDonald's. $NVDA $CRWV https://sherwood.news/... [image]
They are booking it as revenue using mark-to-market accounting, which means if it drops in value it will lose them money next quarter. Yay!!!! YAY!! IT'S ALL SO GOOD! — sherwood.news/markets/nvidia-the- asset-manager-had-a-massive-q2-thanks- to-coreweaves-rally/ [image]
Are you FUCKING KIDDING ME? NVIDIA barely beat earnings estimates, and it seems part of the reason they beat them was the value of their god damn CoreWeave shares? [embedded post]
Nvidia's net other income alone (i.e. CoreWeave) would be the 44th most profitable member of the S&P 500, a smidge behind McDonald's. sherwood.news/markets/nvid... [image]