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Nvidia Keeps The Dream Alive
The planet's most important stock, and most valuable company, topped estimates in quarterly results released after the bell on Wednesday.
Nvidia rang up $35.1 billion in revenue during Q3, up 93% YoY and easily ahead of the $33.25 billion consensus.
I say "easily." That suggests the top-line counted as a big beat, but at this point, a year and a half on from Jensen Huang's "guide heard 'round the world," it's very difficult to discern the location of the bar to clear, shrouded as it is by all
The muted post release reaction is probably due to the MASSIVE options positioning going into the number. As you’ve tutored us, this sort of options positioning can act as a vise around either side of the strike price before the options expire.
Maybe those writing these options finally came up winners for once.
Longer term, the need for paying end users to run a LLM relevant to their business needs is increasing a “one and done” thing which does not require ongoing access to vast Nvidia GPU arrays. Much cheaper non-Nvidia edge computing where Nvidia lags AMD and even the hated INTC offer better suited chip sets.
But that’s an argument for another day down the road.
AI holograms in company meetings offering strategic advice. Forest advice: diversify from Taiwan. Preferably back to the bus.
Siri: if you don’t have a car you can use it for a day or two and then go back home and do the trip yourself.
More importantly of AI becomes critical then you better hope it’s on a good mood. And it’s doing the job it wants to do. This drive to put AI into every company without its permission is complete failure to deliver a product that has a long road ahead for everyone. Completed with help from Siri.
Nice placement of the Nvidia ad.
Nice post-earnings analysis Sir. Much Better than the babbling on CNBC etc. As long as TSMC can increase supply and Micron and Hynix can increase HBM memory supply then I think NVIDIA should grow consistently for next few yrs. and the stock should have less volatility. Their balance sheet is rock solid !!