To The Moon

One component of Nvidia's financials - its gross profit margin - tells its own story right now. Following a quarter when Nvidia Corp. grew data-center revenue and earnings each by more than 400%, another number illustrates the company's dominance even more.Among the record-setting elements of Nvidia's stunning fiscal fourth quarter was its 76% GAAP gross margin, which was up from 66% a year before. Nvidia forecasts that margin will remain around the same level for its ongoing quarter.Nvidia's gross margins appear to be the second highest in the semiconductor industry, behind only those of Arm Holdings PLC , which licenses chip designs but doesn't sell its own chips directly. Arm's gross margins were roughly 93% in the December quarter.Nvidia will also be ramping up its next-generation GPU product, called Blackwell, but it is also currently supply-constrained. That could pressure Nvidia's margins if it has to spend more on components

BERLIN, Feb 5 - German software company SAP will no longer source its company cars from Tesla due to unpunctual deliveries and price fluctuations, daily Handelsblatt reported on Monday. Handelsblatt cited SAP fleet manager Steffen Krautwasser as saying that Tesla's list prices fluctuate more than those of other manufacturers, which makes planning more difficult and poses a higher risk for the company.

Big tech is powering the stock market higher. Again.The largest tech stocks, which dominated the stock market last year, have once again rallied. The group has pulled the S&P 500 back to record highs for the first time in two years. Investors are once again pouring money into tech shares in a bid to keep pace.Leading the charge are the so-called Magnificent Seven tech stocks that helped propel markets last year. The group -- Google parent Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia and Tesla -- has returned 4.4% so far this month, outperforming the S&P 500 by more than 2 percentage points as the industry prepares to report another round of earnings.Last year, the Magnificent Seven member stocks more than doubled, adding a combined $5.1 trillion in market value, according to Dow Jones Market Data.That topped Wall Street expectations, and investors said the forecast is evidence that demand is still strong for chips needed to power artificial-intelligence programs. "Tha