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Charlie Bilello, chief market strategist at Creative Planning, writes that Nvidia's net profit margin surged to a record high of 71 percent in the first quarter, a significant rise from 12 percent a decade earlier.
He attributes this exceptional margin to Nvidia's continued dominance in the AI chip market, noting that no company in history has achieved similar pricing power.
Bilello has recently highlighted other notable shifts in the U.S. economy. He reported that CPI inflation rose to 3.8 percent in April, marking the highest rate since May 2023. In a separate update, Bilello noted that the healthcare and social assistance sectors added nearly 1.8 million jobs in the U.S. since 2023.