Is this the end of Nvidia? Hard to think so
$NVIDIA Corp(NVDA)$ reported earnings that beat Wall Street expectations, the stock is falling -7% - Some notes from the Earnings Report:
✅Earnings per share: 68 cents adjusted (vs. 64 cents expected).
✅Revenue: $30.04 billion (vs. $28.7 billion expected).
✅Current-quarter revenue guidance: approximately $32.5 billion (vs. $31.7 billion expected), an 80% increase year-over-year.
✅Revenue surged 122% annually, following three quarters of over 200% growth.
✅Net income more than doubled to $16.6 billion (67 cents per share), up from $6.18 billion (25 cents per share) year-over-year.
✅Data center revenue increased 154% to $26.3 billion, accounting for 88% of total sales, exceeding expectations of $25.24 billion.
ℹ️$3.7 billion in revenue came from networking products.
✅Nvidia’s chips, like H100 and H200, are widely used in generative AI applications, including ChatGPT.
❌Nvidia's gross margin fell to 75.1% from 78.4% in the previous quarter, but improved from 70.1% a year ago.
❌The company expects full-year gross margins in the "mid-70% range," below analysts' expectations of 76.4%.
✅Gaming revenue increased 16% year-over-year to $2.9 billion, surpassing estimates of $2.7 billion.
ℹ️Professional visualization business revenue rose 20% to $454 million.
ℹ️Automotive and robotics revenue reported at $346 million, slightly above expectations of $344.7 million.
🚀 Nvidia approved an additional $50 billion in share buybacks.
Is this the end of Nvidia? Hard to think so.
Colorful data: Jensen Huang has sold $580M worth of NVDA stocks.
Painful consolidation in progress, the technical chart was updated in bio.
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