Good morning. It’s Kate Duguid in New York; thanks for having me back to guest host Unhedged while Rob is off. It’s never a good idea to be the follow-up act to Katie Martin, but here goes.
First, though, Nvidia. The chipmaker’s shares had dipped ahead of yesterday’s earnings, perhaps on the thought that beating investors’ sky-high expectations would be too hard. But no! Nvidia blew estimates out of the water. Its stock was up 9 per cent in after-market trading. If you were looking for a downside, our smart stocks correspondent Nick Megaw notes that sales in China continue to pose a challenge as export rules have forced the company to scale back in the region. But for now it doesn’t seem to be enough to offset blowout numbers everywhere else.