Boeing Sells a 737 MAX and Nvidia Destroys Earnings
Enter Air just put an order through for the grounded Boeing 737 MAX. This is the first commercial deal for the plane since it went down twice, killing 346 people, so safe to say that Boeing is grateful for Enter Air’s custom. The stock rose on the news.
Investors now hope more airlines will follow suit, as Boeing burns the midnight oil to satisfy the Federal Aviation Authority’s (FAA) Airworthiness Directive, which includes four design change proposals. It looks like this nightmare for Boeing is in its final stages. If airlines with aging fleets want to be ready for a bounce back in travel, might they trust a 737 MAX? Would you fly in one?
Nvidia is the world’s premiere graphics card maker, the tech that affects the visual quality of games you play on your computer. Until last night, Nvidia made most of its money selling graphics cards to gamers. Now, data centre revenue has taken over, and that’s impressive considering more people were stuck at home gaming during quarantine.
The Invstr community will now focus on Nvidia powering artificial intelligence workloads for businesses, on top of video games for teenagers at home. Nvidia shares have doubled since the start of the year, outpacing the S&P 500 by 102%. Not too shabby!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.