To The Moon

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! 📈🤩 🔹Turnover 26.04B - 6 consecutive quarters of QoQ growth 🔹Profit 14.88B - 7 consecutive quarters of QoQ growth 🔸GPM 78.4% - a new high 🔸Net 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 📈. 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