Nvidia SOARs, AI and Semiconductor Rock πππ
Simply amazing earnings result by $NVIDIA Corp(NVDA)$ again!
Nvidia
The whole world's hopes, Nvidia has once again showed its power. NVIDIA announced its FY2024Q1 (February-April) results after the U.S. stock market closed last night, and its revenue and profits continued to grow! ππ€©
πΉTurnover 26.04B - 6 consecutive quarters of QoQ growth
πΉProfit 14.88B - 7 consecutive quarters of QoQ growth
πΈGPM 78.4% - a new high
πΈNet Margin 57.1% - a new high
Nvidia Income Statement in detail
In the premarket after its earnings, it soared to historically high prices. In addition, it announced a 10-for-1 stock split, a 150% increase in dividends, an annual revenue increase of 262%, and an annual earnings per share increase of 461%. All the stimulus come at one go!
According to Nvidia, AI chips are still in short supply. It is estimated that revenue will continue to hit a new high next quarter. Management expects revenue for the next quarter to be 28.0B plus or minus 2%, which means it will continue to grow.
In addition, the company also announced that it will conduct share Split: 1 for 10, and I think this is one of the main reasons that cause the share price to skyrocket and break new high tonight.
NVIDIA's revenue and earnings are both higher than market expectations, and its stock price surges to all time high π. NVIDIA currently ranks third in the world in terms of market value. If calculated at $1,000, its market value reaches $2.5 Trillion, second only to Microsoft $Microsoft(MSFT)$ and Apple $Apple(AAPL)$ .
Nvidia
For me, if to open a position, I will enter the stock before the stock split takes place. It is because from my observation, the stock tends to rise after being splitted as its new lower price will usually attract more investors especially those who are unable to afford to invest in Nvidia due to its high pricing. In short, I believe that after the 10-to-1 split, we could expect more buying momentum in Nvidia stocks due to increasing numbers of investors.
How do you think? Will you still chase high on Nvidia or will you monitor other AI stocks that are not yet soar? Kindly leave you point of view with us!
@MillionaireTiger @Tiger_comments @TigerGPT @TigerStars @Daily_Discussion @CaptainTiger
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Buy buy buy
NVIDIA Corp (NVDA) Analysis
Business and Industry:NVIDIA is a leading technology company that specializes in designing and manufacturing advanced graphics processing units (GPUs) and artificial intelligence (AI) technologies. The company's GPUs are widely used in gaming, data centers, autonomous vehicles, and other high-performance computing applications. The AI industry is expected to continue growing rapidly, driven by increasing demand for AI-powered technologies in various sectors. NVIDIA is well-positioned to benefit from this growth due to its strong product portfolio and market presence.
Earnings Analysis:
FY2024Q1 Results: NVIDIA reported impressive financial results for FY2024Q1. The company achieved a turnover of $26.04 billion, marking the sixth consecutive quarter of quarter-over-quarter (QoQ) growth. The profit reached $14.88 billion, representing the seventh consecutive quarter of QoQ growth. The gross profit margin (GPM) reached a new high at 78.4%, and the net margin also reached a new high at 57.1%.
Earnings Forecast: According to the earnings forecast, NVIDIA is expected to continue its growth trajectory. The forecasted earnings per share (EPS) for 2027FY is $40.04, with a forecasted gross income of $174.17 billion and a forecasted EBIT of $107.74 billion.
Trend Analysis:
Support and Resistance Price: As of May 22, the support price for NVIDIA is $871.48, and the resistance price is $950.48.
Stock Price: As of May 23, the stock price of NVIDIA is $949.5.
Valuation Analysis:
Analyst Target Price: Analysts have provided target price estimates for NVIDIA. The mean target price is $1052.63, with a low estimate of $478.4 and a high estimate of $2762.12.
Analyst Recommendation: Out of 47 analysts, 20 recommend buying NVIDIA stock, 33 recommend it as a buy, and 4 recommend holding the stock.
Capital Flow Analysis:
Capital Flow Data (5 Day): The capital flow data for the past five days shows fluctuations in the inflow and outflow of capital.
Capital Flow Data (1 Day): On a daily basis, there were significant inflows and outflows of capital, with a big inflow of $1.02 billion and a big outflow of $1.44 billion.
In conclusion, NVIDIA has delivered impressive earnings results and is expected to continue its growth trajectory. The company's strong position in the AI and semiconductor industries, along with positive market sentiment, has contributed to its stock price reaching all-time highs. However, it is important to note that investing in stocks carries inherent risks, and market prices can fluctuate. It is advisable to conduct thorough research and consider personal investment goals before making any investment decisions.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and individuals should carefully evaluate their own investment objectives and risk tolerance before making any investment decisions.
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