It's finally the weekend. But first, let's catch up on what happened Friday.
Nvidia (NVDA) , which is an Action Alerts PLUS holding, announced its earnings on Thursday night. It's had a rough time in the market ever since. Despite beating analysts expectations, the stock slid. The chipmaker has spread itself thin. It focuses on a variety of fields from computer chips to auto makers.
Elon Musk and Tesla Inc. (TSLA) have been a staple in the news cycles this week. Between his social media presence and his budding relationship, Musk has been a constant in the headlines. His company, both Tesla and Boring Co. have been showing up too. Tesla released its quarterly video to hype up the company and Musk tweeted that consumers can begin throwing their names in the hat for a Performance or Dual Motor Model 3 starting next week.
Here are the top three stories from today.
Nvidia's CEO Isn't Blowing Smoke to Wall Street, He Is Blowing Minds
Stephen Guilfoyle, a Real Money contributor, covered Nvidia's Q1 earnings. He reported that revenue was up 65.5% year over year. Wow.
Even Nvidia's automotive section, grew 4%. Why is this surprising? Well, Nvidia has been slowing down in that segment. On purpose.
But don't take my word for it, read what Guilfoyle has to say.
Nvidia Slides In Spite of Beating Estimates: 7 Key Takeaways
TheStreet's tech columnist, Eric Johnsa, breaks down Nvidia's steep drop. Johnsa also covered the earnings report and call on TheStreet's live blog on Thursday night. So, yeah, some might say he knows what he's talking about.
Johnsa gives the crypto demand kudos for a revenue boost.
Tesla's 'Other Business' Is a Game-Changer
Did you know that Tesla makes things other than the Model 3? They do.
Jonas Elmerraji, a contributor for TheStreet, breaks down the other part of Tesla, its energy department.
The Tesla Powerpack, a huge battery, was deployed in Australia earlier this year. It's helping to cut down a huge chunk of grid service cost.
Interested in investing in Tesla, but don't like the way Musk talked to analysts? Elmerraji predicts that the energy business could add a huge valuation to Tesla. One that most investors aren't accounting for now.
And that's a wrap. For this week anyway.