Think About This -- How Fast Things Are Moving -- Nvidia Reports Earnings Tomorrow -- May 21, 2024

Locator: 47153TECH.

I'm sure this happens all the time, but I've been blogging since 2009 (actually, 2007, but that's another story for another time) and in all those 15 years (actually, 17 years), I don't recall ever posting a story like this one ever before. For me, this is a first. [Later: Jim Cramer says Amazon has not paused orders of Nvidia’s blades.] May 22, 2024, Reuters "confirms," Amazon has not paused Nvidia orders.

From The Street:

Nvidia (NVDA) , the undisputed leader in AI-chip production, is expected to post net income of $13.2 billion, or $5.63 a share, for the fiscal first quarter ended in April. That's a fivefold increase from the tally in the year-earlier period. 

 Group revenue, meanwhile, is estimated at $24.6 billion, triple the year-earlier figure, with quarterly sales expected to top the $30 billion mark by the end of its current financial year in January.

 Note:

 Ticker, compare with AAPL, five year:

What amazes me is the guys that tell me they "read all the time," completely missed this one. For five years, all I've heard about on CNBC, was AAPL, it seems or INTC, but not one mention of NVDA until relatively recently. 

Let's take a look at Jim Cramer, 2018. Link here.