Quotes of the Week
“The amount of compute necessary for an agent versus a human using it is probably 15 to 100 times depending on the type of problem you’re trying to solve.” —Jensen Huang, founder & CEO, NVIDIA
“People don’t have to come to Salesforce to get work done. Salesforce comes to them in Claude, in Slack, in ChatGPT, in Teams wherever they want to work.” —Marc Benioff, CEO, Salesforce
“We don’t like to use the word ‘magical,’ but [$1] is a magical price point, and we know that.” —Todd Vasos, CEO, Dollar General:
Thursday’s earnings calls offered a useful snapshot of two very different parts of the economy. At one end, the AI-driven technology sector was still accelerating: NVIDIA shares jumped nearly 9% after the company forecast 70% revenue growth next year, while Salesforce rose more than 20% after raising its outlook and reporting stronger AI adoption.
At the other end, the dollar-store sector was benefiting from a much less hyped trend, with Dollar General and Dollar Tree reporting stronger sales while consumers continued looking for cheaper essentials.
Let’s take a look at calls from both sides of the spectrum.
NVIDIA (NVDA)
Results: NVIDIA delivered another extraordinary quarter. Revenue reached $96.2 billion, up 106% year over year, including $89 billion from data center.
