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Statue depicting Atlas in Josefsplatz square in Vienna, Austria (Getty Images)

Nvidia CEO Jensen Huang reportedly said “the whole world would’ve fallen apart” if the company had a bad quarter

He’s right about the memes, that’s for sure.

Luke Kawa

Business Insider’s Geoff Weiss has some fantastic reporting on Nvidia’s all-hands meeting on Thursday, which came amid a significant slide despite the chip designer posting strong third-quarter earnings and a better-than-expected Q4 sales outlook on Wednesday after the close.

Per leaked audio procured by BI, CEO Jensen Huang reportedly said:

“If we delivered a bad quarter, if were off by just a hair, if it just looked a little bit creaky, the whole world wouldve fallen apart. Theres no question about that, OK? You shouldve seen some of the memes that are on the internet. Have you guys seen some of them? Were basically holding the planet together — and its not untrue.”

Well, I can’t speak to claims about the world falling apart, but I can definitely testify to the memes of which he speaks. There were some excellent ones released in the run-up to Nvidia’s results, as well as in the immediate aftermath when shares were soaring. A sampling:

...and some that reacted to the eventual fallout.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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