- NVIDIA’s revenues surged in the first quarter by 69% despite all the concerns regarding curbs on selling to China. “Revenue reached $44.06 billion for its fiscal first quarter, a 69% increase that was curtailed by Washingtonโs new limits on China chip sales”. The Wall Street Journal. Nvidia opens the day at $3.51 trillion in market cap. Nvidia is up 7% year to date.
- Tesla Launches Its Austin Robo-Taxi Today. Hereโs What to Know. Barron’s.
- “Itโs finally here. Tesla launched its highly anticipated robo-taxi service in Austin, Texas, on Sunday. Early users got a dealโa flat fee of $4.20 for a ride, according to CEO Elon Musk.” Barron’s.
- This has the potential to seriously disrupt the taxi business and the ride share business. Tesla has a market cap of $1.04 trillion and is down 20% year to date.
๐ Miscellaneous Notes
It’s great to get paid. It’s no fun to pay the bills. It is what