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NVIDIA Q1 FY24 Earnings Highlights
[Rewards] Nvidia spiked on Q1 earnings' jaw-dropping beat, driven by A.I. chip demand
Claim your Earnings Season offer by winning Rewards Points and discovering Investment Opportunities!
KEY Figures:
● Q1 revenue was $7.19 billion, down 13% YoY (year-on-year) but up 19% from the previous quarter. Specifically, Data Center revenue was a record, up 14%, led by growing demand for generative AI and large language models.
● Quarterly GAAP net income was $2,043 millio...
Claim your Earnings Season offer by winning Rewards Points and discovering Investment Opportunities!
KEY Figures:
● Q1 revenue was $7.19 billion, down 13% YoY (year-on-year) but up 19% from the previous quarter. Specifically, Data Center revenue was a record, up 14%, led by growing demand for generative AI and large language models.
● Quarterly GAAP net income was $2,043 millio...
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ColumnsIs the AI stock craze a bubble waiting to burst? | AI Weekly Review
AI Weekly Review
:
1.Nvidia's data center demand was underestimated, and Wall Street raised its target price.
2.The Philadelphia Semiconductor Index soared to its highest level in 14 months.
3.Nvidia's big move ignited the gaming sector, a new round of industry outbreak is imminent?
4.Is it too early to call the AI stock craze a bubble as retail investors are still holding back？
5.Looking ahead to this week's financial report lin...
:1.Nvidia's data center demand was underestimated, and Wall Street raised its target price.
2.The Philadelphia Semiconductor Index soared to its highest level in 14 months.
3.Nvidia's big move ignited the gaming sector, a new round of industry outbreak is imminent?
4.Is it too early to call the AI stock craze a bubble as retail investors are still holding back？
5.Looking ahead to this week's financial report lin...
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ColumnsExplore moomoo features: How to ride the AI wave?
What's New
(FACTSET)--- Artificial intelligence has been a focus topic for the market in recent months. Given the heightened interest, 110 of S&P 500 companies cited the term “AI” during their earnings call for the first quarter. This number is well above the 5-year average of 57 and the 10-year average of 34.
AI in full swing
With the rapid popularity of OpenAI's large language model ChatGPT, other major tech companies have followed suit and rele...
(FACTSET)--- Artificial intelligence has been a focus topic for the market in recent months. Given the heightened interest, 110 of S&P 500 companies cited the term “AI” during their earnings call for the first quarter. This number is well above the 5-year average of 57 and the 10-year average of 34.
AI in full swing
With the rapid popularity of OpenAI's large language model ChatGPT, other major tech companies have followed suit and rele...
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Nvidia
Is it a good time to own chip stock?
Yes, investing in chip stocks can be profitable due to the chip industry's importance in numerous technological industries. Factors such as rising semiconductor demand due to the popularity of devices such as smartphones, tablets, and IoT devices, as well as emerging technologies such as AI and autonomous vehicles, technological advancements leading to smaller, faster, and more energy-efficient chips, all contribute to the sector's long-term growth pote...
Yes, investing in chip stocks can be profitable due to the chip industry's importance in numerous technological industries. Factors such as rising semiconductor demand due to the popularity of devices such as smartphones, tablets, and IoT devices, as well as emerging technologies such as AI and autonomous vehicles, technological advancements leading to smaller, faster, and more energy-efficient chips, all contribute to the sector's long-term growth pote...
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ColumnsLearn of Today: Nvidia soared over 20% upon the strong earnings report.
Earnings highlights
For the quarter ended in April:
EPS: $1.09, adjusted, versus 92 cents FactSet consensus expected
Revenue: $7.19 billion, versus $6.53 billion expected
Record Data Center revenue of $4.28 billion
Prior to Wednesday's earnings, Nvidia had already experienced over 100% growth in its stock price in 2023 due to its leading position in the artificial intelligence chip market.
After the company released a strong ...
For the quarter ended in April:
EPS: $1.09, adjusted, versus 92 cents FactSet consensus expected
Revenue: $7.19 billion, versus $6.53 billion expected
Record Data Center revenue of $4.28 billion
Prior to Wednesday's earnings, Nvidia had already experienced over 100% growth in its stock price in 2023 due to its leading position in the artificial intelligence chip market.
After the company released a strong ...
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ColumnsNVIDIA - The AI boom is real
The most anticipated quarterly results did not disappoint.
In fact, it was a treat that no one expected.
Post results, and after-market, $NVIDIA(NVDA.US$ shares went up 30%.
So what made the shares pop so much?
1. Partly due to good results
Where $Advanced Micro Devices(AMD.US$falter, NVIDIA seemed to prosper. Revenue was up 19% QoQ, albeit down 13% YoY.
Data center revenues smashed records, up 14% a year ago, led by demand for generative AI and large language model...
In fact, it was a treat that no one expected.
Post results, and after-market, $NVIDIA(NVDA.US$ shares went up 30%.
So what made the shares pop so much?
1. Partly due to good results
Where $Advanced Micro Devices(AMD.US$falter, NVIDIA seemed to prosper. Revenue was up 19% QoQ, albeit down 13% YoY.
Data center revenues smashed records, up 14% a year ago, led by demand for generative AI and large language model...
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Nvidia Stock Earnings: NVDA market cap rises nearly $190 billion as AI chips boost revenue guidance
Nvidia $NVIDIA(NVDA.US$ stock soared 25% afterhours on Wednesday after the top maker of GPU chips used in artificial intelligence-based large language models (LLMs) like ChatGPT raised its guidance for revenue in the second quarter by nearly $4 billion or 55%. NVDA stock rose from a price of $105.38 to close the post-market session at a new all-time high of $381.08. This boosted its market cap ...
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NVDA to the moon, soon?
$NVIDIA(NVDA.US$ the king of chipmakers, has seen their shares absolutely skyrocket>24%!
This comes as a result of a massive spike in demand for artificial intelligence (AI) processors. These guys are blowing Wall Street's predictions out of the water, forecasting sales of about $11 billion in the quarter ending in July, crushing the average analyst estimate of $7.18 billion. And here's the kicker - this tidal wave of demand has also juiced the stocks of other chip creat...
This comes as a result of a massive spike in demand for artificial intelligence (AI) processors. These guys are blowing Wall Street's predictions out of the water, forecasting sales of about $11 billion in the quarter ending in July, crushing the average analyst estimate of $7.18 billion. And here's the kicker - this tidal wave of demand has also juiced the stocks of other chip creat...
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NVDA Earnings bring it into the $1 trillion club, and push valuations to the highest on record
Nvidia$NVIDIA(NVDA.US$ delivered impressive financial results and provided a promising revenue forecast for the upcoming quarter. The company reported strong earnings for the April quarter, with adjusted earnings per share surpassing Wall Street's expectations. Despite a decline in gaming revenue, Nvidia experienced a 14% increase in sales for its data center segment, primarily driven by the growing...
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Wall Street ends higher as Nvidia sparks rush for AI stocks
- Nvidia hits record high on upbeat forecast
- Heavyweight AI players, Microsoft, Alphabet rise
- Two ratings agencies put US credit on negative watch
- Indexes close: S&P 500 +0.88%, Nasdaq +1.71%, Dow -0.11%
Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S. debt ceiling tal...
- Heavyweight AI players, Microsoft, Alphabet rise
- Two ratings agencies put US credit on negative watch
- Indexes close: S&P 500 +0.88%, Nasdaq +1.71%, Dow -0.11%
Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S. debt ceiling tal...
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Detroit-view : the fundamentals are out of whack for me. I agreed with the consensus that the run up in chips was over but I was wrong. don't see a lot of movement up in the short term so I'll stay on sidelines. it does help with sympathetic stocks which are at much lower P/E ratios.
funny Giraffe_6930 : I think Nvidia is a game change in will be a force to be ranked with, It's forward looking at the stocks in gaming further , an it looks good. I will keep it as long play as for now.
102664787 : Currently this stock has given major boost to my portfolio. Feeling sad that should have bought more when it was trending at the range of 154-160 range
102063402 : Buying a terrific excellent high quality company for an insanely high price is still a bad decision to make, if you had bought Amazon at the height of the dot com bubble, you would have to wait 7 years for the price to be back at the price you bought.