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NVDA: Heading into earnings 8/23. What are we thinking?

Posted on 8/17/23 at 6:58 pm
Posted by Covingtontiger77
Member since Dec 2015
10247 posts
Posted on 8/17/23 at 6:58 pm
Been in it a while, so I road the rocket ship these past 8 months.


Some speculating that this beast isn’t close to being done.

PTs I have seen EOY : $500, $600, and $800

Thinking of putting some new money in.

Any thoughts?
This post was edited on 8/17/23 at 6:59 pm
Posted by Double Oh
Louisiana
Member since Sep 2008
17801 posts
Posted on 8/17/23 at 7:46 pm to
Hearing the same thing that they hit a grand slam on beating earnings
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 8/17/23 at 7:47 pm to
Drink every time they mention artificial intelligence
Posted by jimjackandjose
Member since Jun 2011
6496 posts
Posted on 8/17/23 at 8:30 pm to
Everything that makes sense says it should dump

So of course expect a run to 600
Posted by beaverfever
Little Rock
Member since Jan 2008
32681 posts
Posted on 8/17/23 at 8:45 pm to
There’s no way they raised guidance to the degree they did without sandbagging a little. It’s gonna be a monster.
Posted by BuckyCheese
Member since Jan 2015
49215 posts
Posted on 8/17/23 at 9:12 pm to
They don't make the chips themselves. TSCM does and they lowered their guidance iirc.

I'm sure Nvidia will see plenty of irrational buying but it makes about as much sense as that Vietnamese EV car company coming out of the gate with an $80b valuation.

*The fact they do not have their own foundry amazes me. I don't recall ever hearing that they plan to have one either.
Posted by SalE
At the beach
Member since Jan 2020
2414 posts
Posted on 8/17/23 at 9:17 pm to
(no message)
Posted by SalE
At the beach
Member since Jan 2020
2414 posts
Posted on 8/17/23 at 9:18 pm to
Wait until after the earnings post it could go one way really good or the other way really bad there has been a lot of short action on this particular stock in the past 6 months they have just been killed.
Posted by Double Oh
Louisiana
Member since Sep 2008
17801 posts
Posted on 8/21/23 at 12:21 pm to
Hope y’all bought last week look like it’s going to be a great week for the stock
Posted by slackster
Houston
Member since Mar 2009
84871 posts
Posted on 8/21/23 at 1:28 pm to
quote:

They don't make the chips themselves. TSCM does and they lowered their guidance iirc. I'm sure Nvidia will see plenty of irrational buying but it makes about as much sense as that Vietnamese EV car company coming out of the gate with an $80b valuation.


They’re not in the same galaxy. NVDA is a little expensive imo, and I’ve sold about a quarter of my stake, but I have little doubt it will be higher in the next 2-3 years, so I’m not going to get too carried away trying to time it.

TSMC guidance is not necessarily correlated with NVDA sales revenue.
This post was edited on 8/21/23 at 1:28 pm
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16968 posts
Posted on 8/21/23 at 2:29 pm to
quote:

NVDA: Heading into earnings 8/23. What are we thinking?

Sell the news
Posted by Double Oh
Louisiana
Member since Sep 2008
17801 posts
Posted on 8/21/23 at 5:53 pm to
quote:

Sell the news



Wow ok...
Posted by Double Oh
Louisiana
Member since Sep 2008
17801 posts
Posted on 8/23/23 at 10:33 am to
5 hrs till the earnings report
Posted by Covingtontiger77
Member since Dec 2015
10247 posts
Posted on 8/23/23 at 2:43 pm to
This could get interesting.

Currently trading at $471 as of time of this post
Posted by skewbs
Member since Apr 2008
2003 posts
Posted on 8/23/23 at 3:25 pm to
Rocket ship
Posted by The Egg
Houston, TX
Member since Dec 2004
79135 posts
Posted on 8/23/23 at 3:29 pm to
Completely bonkers, what a beat
Posted by slackster
Houston
Member since Mar 2009
84871 posts
Posted on 8/23/23 at 3:37 pm to
Nearly 35% earnings beat. 20% revenue beat.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 8/23/23 at 4:07 pm to
Guiding up a few billi in revenue is good for a $90B increase in market cap

QQQ is going to blow by ATH's within a few weeks
Posted by FLObserver
Jacksonville
Member since Nov 2005
14456 posts
Posted on 8/23/23 at 4:53 pm to
NVDA fixing to kick off another rally
Posted by slackster
Houston
Member since Mar 2009
84871 posts
Posted on 8/23/23 at 4:54 pm to
quote:

Guiding up a few billi in revenue is good for a $90B increase in market cap


Look I think NVDA has gone too far too fast but I’m not going to look a gift horse in the mouth either. As long as they keep smashing earnings they’ll get the benefit of the doubt from the market.
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