Holy Mackerel -- Nvidia -- 1Q23 Earnings

Locator: 44746INV.
Locator: 44746CHIPS.  

Updates  

June 7, 2023:

Later, 9:17 p.m. CT: others think differently — https://twitter.com/JaguarAnalytics/status/1661490357043884033.

Later, 7:40 p.m. CT: link here. Note the margins.

Later, 7:40 p.m. CT: link here.

Later, 6:08 p.m. CT: link here.

Original Post

Shares up almost 10% after-hours; up $35; trading at $338.

Numbers exciting;

• EPS: $1.09 vs $0.92. Whisper numbers: 97 cents.Revenues: $7.19 billion vs 6.52
• Gross margins: 70% vs 64 - 68%.
• Forecasts 2Q23 revenue significantly above estimates.

Later: shares now up about 14%.

All-time highs.

Trending toward being up 15%. 

Others:

• AMD: up $6.
• TSM: up $4 after hours.

NVDA:

And, oh, by the way, WTI settles above $74.

Now, 3:32 p.m. CT, NVDA:

• up almost $50 / share
• up almost 16%
• all-time high
• Jim Cramer needs to do a victory lap (or two or three)

Now, 3:34 p.m. CT, NVDA:

• up $51 / share; up 17% after hours;

"Starting to lift the other boats."

At 3:36 p.m. CT, NVDA:

• up $57 / share; up 19%;

Market cap bigger than BRK.

NVDA: flash -- for a moment -- up over 20%.

Meanwhile:

• DIS: down for the day
• TSLA: down for the day
• OXY: down for the day
• QCOM: down for the day
  
• Snowflake: plummets -- this was Warren Buffett's tech pick.
  

You can lead horses to water ....

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source. 

This is how it will end for the after-market today, NVDA:

• up 20%; up $60 /share
  
• market cap: $902 billion 

Only one question: how did Warren miss this one?  

• He picked Snowflake (SNOW plummets today) and bought/sold TSM when he got "cold feet" -- "denying" his own adage, "be greedy when others are fearful."
• or maybe not, was he "fearful when others were greedy?"

After earnings release, The WSJ:

And, if you read the article, one will see how some big challenges slowed Nvidia down this last quarter, most of which will be resolved going forward.