NVDA Surges After Hours; Up As Much As $45 After Hours; Up As Much As 6.6% After-Hours; A Beat But Not A Massive Beat -- February 21, 2024

Locator: 46860TECH.

Updates

Later, 10:01 p.m. CT: trending over at twitter. 

Original Post

First ticker change for NVDA as earnings are reported: after hours right now up $16!  After earnings, down 4%; down $24. Now, ticker up $45 / share; up almost 7% after hours. Late: up $50; up 7.4%.

RIVN: a miss on the bottom line; a loss of $1.36 vs expectation of a loss of $1.32 / share; shares are down over 12% due to guidance. Guidance: expect to produce 57,000 vehicles in 2024; the street expected 66,000. In 2023, produced 57,000 vehicles. Link here.

LCID: a loss of $2.09 / share; misses on revenue; shares under pressure. Guidance: 9,000 vehicles this next year; this past year, a bit more than 9,000 vehicles. Ticker: not much change.

NVDA: below.

Reminder: during the dot-com boom / bust, it was CISCO that was the fastest moving ticker. All-time? Shares appreciated 60,500%.

This is why my comparisons have limited utility.

Breaking, one minute before the market closes -- "everything" turns green. Does someone know something the rest of us don't know? Just before the close:

In the closing hour:

WTI: up 1.17%; up 90 cents; trading at $77.94 at the close.

Nvidia is trading at an "ominous" $666.66."

I hope you all have dry powder, as they say. LOL. Either way, up or down, same advice.

Nvidia earnings after hours, link here:

Nvidia’s total revenue rose 265% from a year ago, based on strong sales for AI chips for servers, particularly the company’s “Hopper” chips like the H100, it said. Those sales are reported in the company’s Data Center business, which now comprises the majority of Nvidia’s revenue. Data center sales were up 409% to $18.40 billion.

• EPS: $5.15 beat vs expectation of $4.64 -- wow, huge, amazing
  
• all revenue: $22.1 billion vs 20.62  billion expectation
• data center revenue: $18.4 billion vs 17.0 billion expected -- climbed 38% q/q; despite China issues; incredible beat;
  
• guidance: even better numbers next quarter 
• gross margins, guidance: 70% -- 1Q25 -- margins are "incredible" according to analyst; "it's impressive";
• overall: a "huge win" for Nvidia -- 
• amazing how the CNBC anchors presenters can keep up with all of this; many analysts and talking heads; many CNBC presenters -- all being coordinated by the producer -- I can only imagine all the chatter in the anchor's airpods; a shout-out to the CNBC anchors
  

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

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.

Reminder: I am inappropriately exuberant about the US economy and the US market. 

Nvidia conference call, link here.

Late night: