The Financial Results Thread

[Grim5]

NVIDIA Shares Soar Past $1,000 As CFO Focuses On A.I. Revenue Generation In Q1 Call

Chip designer NVIDIA's shares soar past the coveted $1,000 mark in after market trading after the firm's first quarter earnings report.

wccftech.com

NVIDIA Aims For 100%+ Revenue Growth In Q2 After Solid First Quarter Earnings Report

NVIDIA's shares up by a modest 5% in aftermarket trading as investors digest 2024's most important earnings report so far.

wccftech.com

Nvidia reported Q1 2024 revenue of $24.044bn with a net profit of $15.2bn! Wow!

The next 3 quarters could see Nvidia annual revenue smash through $100bn and net profit? About $60bn?

So Nvidia currently makes $160 million profit every single day...

 

[cyclonus10]

Yike ft.com should be blacklisted, please give another source! bypasspaywall route did not worked so I dont want to pay absurd £59 a month to read the article.

Worked fine on my phone, that's why I posted it.

Was surprised it did when I looked however as I usually find it is pay walled.

 

[Robert896r1]

Looks like gaming sales are fine if you’re nvidia.

 

[JediFragger]

Everyone is panicking that they'll leave the (paltry) gaming market soon for AI

 

[hyperseven]

to the moon

 

[Grim5]

it will come down eventually

Nvidia has that first mover advantage like Tesla once did but that will change, Nvidia investors can enjoy strong profits for a while yet

Once competition becomes embedded then that share price will probably come down to $400/500

 

[loftie]

Yike ft.com should be blacklisted, please give another source! bypasspaywall route did not worked so I dont want to pay absurd £59 a month to read the article.

Worked for me with bypasspaywall. 12ft.io didn't work, but it's on archive.is works.

 

[AthlonXP1800]

Worked for me with bypasspaywall. 12ft.io didn't work, but it's on archive.is works.

12ft.io didnt worked, Archive.is worked for me. Thanks.

 

[loftie]

12ft.io didnt worked, Archive.is worked for me. Thanks.

No problem! Not sure why your bypasspaywalls didn't work but mine does.

 

[Gerard]

The 84-year-old man who saved Nvidia – THE WALL STREET

Nvidia was almost out of business before becoming one of the world's most valuable firms. It wouldn’t exist without someone known as Irimajiri-san.

wallstreetsights.com

Can't recall reading this before, never realised they were almost bankrupt at one point.

 

[cyclonus10]

Everyone is panicking that they'll leave the (paltry) gaming market soon for AI

The gaming market is about 10%-ish of their revenue, give it a a year or two and it will be about 5%.

The romantic says the gaming market put them where they are today but romance has no place in business.

They could go in the other direction price wise and make the next gen so desirable price wise that they completely wipeout AMD. And Intel would be finished before they even got started .

But we know that won't happen either, despite them having the funds to "take the hit". lol

 

[Grim5]

After another surge in share price, Nvidia is now tied with Apple for the 2nd most valuable company in the world with both sitting on $3 trillion market cap.

If nvidia's share price goes up by another 7.5% then Nvidia will surpass Microsoft and become the largest company in the world

And yet as crazy as Nvidia's share price seems, they are sitting on a P/E of 70 compared to AMD P/E of 230

 

[Jay85]

The whole thing just feels like a huge bubble waiting to pop.

 

[Ayahuasca]

I'm just waiting to pull the trigger on selling, made stonks from this the over the last few years

 

[Grim5]

I'm just waiting to pull the trigger on selling, made stonks from this the over the last few years

It's crazy aye, $1k investment two years ago is now worth $5k or $6k