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        Moo Earnings Collections
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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!
        NVIDIA Q1 FY24 Earnings Highlights
        NVIDIA Q1 FY24 Earnings Highlights
        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 million, which increased 26% YoY and 44% from the previous quarter.
        ● Non-GAAP earnings per diluted share were $1.09, down 20% YoY but up 24% from the previous quarter.
        ● During Q1 FY 24, NVIDIA returned shareholders $99 million in cash dividends. Besides, NVIDIA will pay the next quarterly cash dividend of $0.04 per share on June 30, 2023, to all shareholders of record on June 8, 2023.
        ● For the Q2 FY24 Outlook, revenue is expected to be $11.00 billion, plus or minus 2%, up 64.2% YoY.
        ● For the Q2 FY24 Outlook, GAAP and non-GAAP gross margins are expected to be 68.6% and 70.0%, respectively, plus or minus 50 bps.
        ● For the Q2 FY24 Outlook, GAAP and non-GAAP operating expenses are expected to be about $2.71 billion and $1.90 billion, respectively.
        More statistics:
        NVIDIA Q1 FY24 Earnings Highlights
        KEY Points:
        ● The computer industry is going through two simultaneous transitions — accelerated computing and generative AI. A trillion dollars of installed global data center infrastructure will transition to accelerated computing as companies race to apply generative AI,” said Jensen Huang, CEO of NVIDIA.
        ● In the Data Center sector, Nvidia launched four inference platforms that combine the company’s full-stack inference software with the latest NVIDIA Ada, NVIDIA Hopper™️, and NVIDIA Grace Hopper™️ processors.
        ● In the Gaming sector, Nvidia launched the GeForce RTX 4070 GPU based on Ada architecture, which enables DLSS 3, real-time ray-tracing, and the ability to run most modern games at over 100 frames per second at 1440p resolution.
        ● In the Automotive sector, the company announced that the leading electric vehicle maker BYD plans to extend its use of NVIDIA DRIVE Orin™️ across new models.
        ● The PE ratio of Nvidia shares is higher than approximately 96% historical percentile in the recent two years. Also, the global semiconductor industry might still be in a downward cycle.
        ● For Nvidia's newest chips, the most likely alternative would be AMD's upcoming Instinct MI300 chip, which will be launched this year.
        The KEY in your hands:
        By May 24, 2022, NVDA shares had risen more than 100% since the beginning of 2023, outpacing the S&P 500 (.SPX), which was up about 7% during the same period (Source: moomoo APP).
        How do you see Nvidia currently? What's your opinion or analysis about it? Speak out with mooers and get inspired by sharing!

        1) Inspiration Reward: Based on comment originality, quality and engagement, one mooer has the chance to win 600 points! The other two mooers will win 300 points each!
        2) Participation Reward: We will provide 60 points for everyone who comments here with relevant posts over 15 words. For sure, any comment is welcome!
        *You can exchange abundant gifts at the Rewards Club. Comments before June 9 ET will be counted. The above rewards are mutually exclusive.

        For more information:

        Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data: This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Before investing, please consult a licensed professional. See this link for more information.
        Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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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.

        • 富贵健康 : Something has gone up a lot already. Of course it sells, rises and corrects. Every stock is like a wave, rising and falling. Seeing good and receiving is the king

        • HuatLady : In this era, a high tech company such as $NVIDIA(NVDA.US)$ and its AI platform is the website mantra of "Safe," "Green," and "Connected". These are the vital strategic megatrends addressed by $NVIDIA(NVDA.US)$ . Smile undefined
          I like when a company owns a niche, particularly in the lucrative tech industry. Dollarundefined
          Out of necessity, competitiveness  and savvy planning, $NVIDIA(NVDA.US)$ management team has the good sense to step up in the manufacturing and sales of AI related chips for supercomputers in the Data Centre, Gaming and automotive sectors.WowAwesome. These moves will leverage its strength for future positive developments and growth. StrongOKAwesome