Bullish for Chip Stocks🐂🐂🐂

Yesterday (16/11) $NVIDIA Corp(NVDA)$ reported Q3 earnings for the period ending in Oct with sales beating analyst expectations🥳🥳🥳 but earnings per share coming in light…

(1) EPS: $0.58, adjusted, versus $0.69 expected.

(2) Revenue: $5.93 billion, versus $5.77 billion expected.

(3) NVDA said it expected about $6 billion in sales in the Q4, lower than Refinitiv consensus estimates of $6.09 billion.

(4) NVDA’s gaming division reported $1.57 billion in sales, down 51% year-over-year. NVDA said it was selling less to retailers because they have more inventory than current demand.

(5) NVDA’s data center business, which reported $3.83 billion in sales, is up 31% year-over-year. This growth is due to sales to 🇺🇸 cloud service providers & consumer internet companies.

🤔💭 My Thoughts:

(1) Chips stocks are badly beaten down🥊🥊🥊 & it appears they might have passed the bottom since Buffett through Berkshire bought about 5 billion of $Taiwan Semiconductor Manufacturing(TSM)$ shares in Q3.

(2) TSM, $AMD(AMD)$ & NVDA are closely watched by analysts & investors. NVDA is a leading indicator for the health of the technology industry, because it sells chips & software to so many PC makers & cloud providers.

(3) As of 30 Oct 30 2022, NVDA had $8.28 billion remaining under its share repurchase authorization through December 2023, which means that NVDA’s share price will continue to go up.

(4) I already hold TSM & will be looking to buy more shares💪💪💪 but will also look for opportunities to buy as I expect TSM, AMD, & NVDA to be the top 3 chip stocks🥇🥈🥉to recover first due to popularity with investors.

At the time of writing in premarket hours, NVDA, TSM & AMD are positive now.

As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰

Source Website: CNBC, Benzinga & Yahoo Finance.

@TigerStars @Daily_Discussion (17/11)

# Share Trades to Win Coins! (2 Dec)

Modify on 2022-11-18 05:45

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • PhilipChow
    ·11-20
    The share repurchase authorization is a bery good info
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    • LMSunshineReplying toPhilipChow
      Ok will tag you🥰
      11-20
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    • PhilipChowReplying toLMSunshine
      Yes sure
      11-20
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    • LMSunshine
      Happy to share🤓 If you enjoy reading my posts, you can follow me & be updated whenever I post😉 By the way, do you collect tiger coins? If yes, would you like me to @you when there’s coin winning activities?
      11-20
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  • melson
    ·11-19
    anyone hungry for some chips?
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    • melsonReplying toLMSunshine
      [Grin] not at the moment, only potato chips for now
      11-19
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    • LMSunshine
      Me! Are you supporting any chip stock?
      11-19
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  • Good summary. After recently getting TSM and NVDA, I also hope they appreciate.
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    • LMSunshine
      Thanks🤗 I will be putting more weightage on TSM then NVDA though
      11-19
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  • Good fortune to you.
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    • LMSunshine
      Same to you 🎉
      11-17
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  • Alvinlimsg
    ·11-18
    👍🏻👍🏻
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  • rayguy
    ·11-18
    buy buy buy
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    • LMSunshine
      Which chip stock are you most bullish for?
      11-18
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  • g1
    ·11-18
    like
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  • BenjiFuji
    ·11-18
    Thanks [Great]
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    View more 4 comments
  • junqi99
    ·11-18
    [Smile]
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  • Nggimseng
    ·11-18
    Nice
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  • Han tee
    ·11-18
    Ok
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  • TxChris
    ·11-18
    [Smile]
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  • KY56
    ·11-18
    Nice.👍
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  • BlueDaisy
    ·11-18
    Great
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  • Good🚀🚀🚀😍
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  • SCSE_NTU
    ·11-18
    ok
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  • gangan
    ·11-17
    gogo
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    • LMSunshine
      Which chip stock do you like most & why?
      11-18
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  • DavJunRong
    ·11-17
    Yo
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  • 秋诗
    ·11-17
    谢谢分享
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    • LMSunshine
      Welcome, happy to share🥰
      11-18
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  • Dmon
    ·11-17
    Good
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