Bullish for Chip Stocks🐂🐂🐂
Yesterday (16/11) $NVIDIA Corp(NVDA)$
(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 $Taiwan Semiconductor Manufacturing(TSM)$
(2) TSM, $AMD(AMD)$
(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)
Modify on 2022-11-18 05:45
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- PhilipChow·2022-11-20The share repurchase authorization is a bery good info2Report
- GreenDragon·2022-11-18Good summary. After recently getting TSM and NVDA, I also hope they appreciate.1Report
- melson·2022-11-19anyone hungry for some chips?1Report
- Doge2theMoon·2022-11-17Good fortune to you.1Report
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- rayguy·2022-11-18buy buy buy1Report
- g1·2022-11-18like1Report
- BenjiFuji·2022-11-18Thanks [Great]1Report
- junqi99·2022-11-18[Smile]2Report
- Nggimseng·2022-11-18Nice1Report
- Han Tee·2022-11-18Ok2Report
- TxChris·2022-11-18[Smile]1Report
- KY56·2022-11-18Nice.👍1Report
- BlueDaisy·2022-11-18Great1Report
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- gangan·2022-11-17gogo1Report
- DavJunRong·2022-11-17Yo1Report
- 秋诗·2022-11-17谢谢分享1Report