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NVDA Surging
Posted on 5/24/23 at 4:33 pm
Posted on 5/24/23 at 4:33 pm
Stock up over 20% in after hours and is now in the trillion $ market cap club.
They guided Q2 revenue to be $11B when analysts were expecting $7B. That is unprecedented.
They guided Q2 revenue to be $11B when analysts were expecting $7B. That is unprecedented.
quote:
Nvidia (NASDAQ:NVDA) shares surged more than 10% in extended-hours trading on Wednesday after the semiconductor giant posted first-quarter results that topped expectations and blew away forecasts for the upcoming period.
For the period ending April 30, Nvidia (NVDA) earned $1.09 per share, excluding one-time items, as revenue came in at $7.19B.
Included in the $7.19B in sales was $4.28B in data center revenue and $2.24B in gaming related revenue. Analysts were expecting the company to earn 92 cents per share and $6.52B in revenue.
Looking ahead, the company said it expects second-quarter revenue to be $11B, plus or minus 2%, well above the $7.18B analysts were expecting.
The company added it is "significantly" increasing its supply for products related to its data center business amid the surge in interest surrounding artificial intelligence.
Marvell Technology (MRVL), Advanced Micro Devices (AMD) and Synaptics (SYNA) all traded higher on back of Nvidia's (NVDA) results. The company will host a conference call at 5 p.m. EST to discuss the results.
11
Posted on 5/24/23 at 4:56 pm to Samso
Damn. I just added back to my nvda position a month ago but...
Can't ever feel like you added enough when you see something like this, no matter what I added, I feel regret instead of euphoria.
Can't ever feel like you added enough when you see something like this, no matter what I added, I feel regret instead of euphoria.
This post was edited on 5/24/23 at 5:09 pm
Posted on 5/24/23 at 5:17 pm to Samso
I've held it for several years now.
Posted on 5/24/23 at 5:35 pm to kywildcatfanone
Who’s selling tomorrow?
Posted on 5/24/23 at 6:09 pm to Double Oh
Nvda has always been my largest holding, now it’s just taken over. Probably sell off a little for our Roth contributions and take our summer vacays to the fancy pants level. Also have some weekly calls too. might buy an yacht with those ??????????????
Posted on 5/24/23 at 6:10 pm to rocksteady
Those ???’s are supposed to be rocket emojis !
Posted on 5/24/23 at 6:43 pm to Samso
Roughly 180B of market cap voted in within an hour tonight.
Valuation on this thing is insane. I know everyone is laughing at NVDA bears but zero chance I’d buy at $1T valuation with the sales it has on deck.
Valuation on this thing is insane. I know everyone is laughing at NVDA bears but zero chance I’d buy at $1T valuation with the sales it has on deck.
Posted on 5/24/23 at 7:01 pm to Samso
All you need is one instance like this to scare the bears across the rest of the market.
Posted on 5/24/23 at 9:18 pm to Samso
quote:
trillion $ market cap club.
WTF
Funny, my friend works for AMD and said this would be a good short. LOL. So glad I didn't listen.
Posted on 5/24/23 at 9:54 pm to Samso
quote:
Nvidia (NASDAQ:NVDA) shares surged more than 10% in extended-hours trading on Wednesday
NVDA is the ultimate A.I. FOMO play right now. Valuations are out of whack and the stock price is severely detached from fundamentals. It’s basically running out of control on a pie in the sky A.I. focused future.
I say this as someone who is up 235% on my investment in the stock
But as an investor it doesn’t seem like the price is grounded in reality. But im enjoying it nonetheless.
Posted on 5/24/23 at 10:08 pm to skewbs
quote:They have 70% margins and they raised their quarterly rev guidance from 7B to 11B. It’s expensive but the hype is justified.
NVDA is the ultimate A.I. FOMO play right now. Valuations are out of whack and the stock price is severely detached from fundamentals. It’s basically running out of control on a pie in the sky A.I. focused future.
Posted on 5/24/23 at 10:19 pm to Civildawg
No way. Long term for me.
Posted on 5/24/23 at 10:36 pm to beaverfever
quote:
It’s expensive but the hype is justified.
So a company that generates roughly $40B in annual revenue should have a $1T market cap? What world are you living in?
I realize a stock’s price is based on future value but that is astronomically out of sync. Compare the other 10 largest companies by market cap and NVDA will immediately stand out as an outlier on all metrics.
Posted on 5/25/23 at 5:57 am to skewbs
I’m a value guy so don’t get me wrong in thinking I chase stocks selling at 25x sales. What I’m saying is that NVDA has proven that they have the best product in the world not named the iPhone and the applications for the product are just coming into existence. They have unlimited pricing power and their PEG is unknown because the TAM is anyone’s guess at this point.
Admittedly there should be concerns about whether there is any type of moat in the long-term future but companies that print money and have excellent leadership tend to figure that out.
Side note, retail and institutional investors will both be buying the hell out of this stock in the next few months. The buying from the ETFs will create a short-term situation where the stock price is propped up aside from its own natural momentum.
Admittedly there should be concerns about whether there is any type of moat in the long-term future but companies that print money and have excellent leadership tend to figure that out.
Side note, retail and institutional investors will both be buying the hell out of this stock in the next few months. The buying from the ETFs will create a short-term situation where the stock price is propped up aside from its own natural momentum.
This post was edited on 5/25/23 at 6:19 am
Posted on 5/25/23 at 6:22 am to Samso
call premiums are insane....congrats to anyone who had calls
Posted on 5/25/23 at 6:25 am to Pezzo
I browsed the way out of the money calls yesterday when the market sold off but was too chicken shite to pull the trigger. Fml.
Posted on 5/25/23 at 6:33 am to beaverfever
$370 calls were $12 each yesterday
today they'll be closer to $1000 each
today they'll be closer to $1000 each
Posted on 5/25/23 at 7:16 am to Pezzo
I always buy options and the one time I bought the actual stock way back in September was NVDA. At least I've got 100 shares.
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