For anyone interested in Nvidia and the tech sector …From...

For anyone interested in Nvidia and the tech sector …

From marketwatch.com …

[[[[[ Nvidia Corp. said that its operating expenses jumped in the quarter, primarily driven by compensation and benefits costs, due to a growth in both employees and their compensation. Nvidia said GAAP operating expenses were up 39% from a year ago and up 10% sequentially, while non-GAAP operating expenses were up 43% from a year ago and up 13% sequentially.In its most recent annual report for fiscal 2024, Nvidia said it had approximately 29,600 employees in 36 countries, up from 26,196 employees in 35 countries in fiscal 2023. Of its current staff, Nvidia said 19,532 of those employees are engaged in research and development.The chip giant also noted that its 10-for-one forward stock split was designed to make stock ownership more accessible to its employees, as well as investors.]]]]]

Takeouts …

1. 66% of its current 29,600 employees are engaged in research … now THAT is commitment!
2. significant operating expense increase, both wage and non-wage reads like a maturing company likely needing to consolidate for some time

Dex

PS … the stock is back to +3.97% in after market trading