To be clear, NVDA has been forced to place non-cancellable purchase orders well before demand is known. This new reality reflects a deliberate decision to lock up supply chain capacity further than Nvidia has ever done before. Nvidia's $117 billion in total supply obligations nearly matched its operating cash flow for the year ended January 25. This is not business as usual. This is risk.
The Trade Desk said fourth-quarter 2025 revenue rose 14% year over year to $847 million. Highlighting how the company's growth has been decelerating, The Trade Desk's revenue grew 25% in the first quarter of 2025, followed by 19% growth in Q2 and 18% growth in Q3.
Before this data, nobody knew the stock market's total return. People had opinions, but without data almost everyone was just guessing. It turned out the market did better than people imagined. In fact, marketwide performance beat many famous stock pickers. The investment world had been doing it all wrong.
I began AI training in 2023, while I was looking for a job that involved some form of equity valuation work. I had a lot of interviews, but no offers. A recruiter had reached out to me on LinkedIn to saying she was looking for experts in finance and economics to teach AI models. I was skeptical at first, but decided to give it a shot.
Cramer noted, "MSFT is not a factor if it splits with OpenAI." However, Microsoft's independent revenue streams suggest that the company's prospects are not solely linked to OpenAI.
