Locator: 47157TECH.
Updates
Later: WSJ, May 22, 2024 --
Later:
Later, 4:16 p.m. CDT: in original note, one analyst felt that a close above 995 tomorrow was necessary to make him feel more comfortable. For the record, after hours, NVDA just went over $1,000 / share. Tomorrow: retail traders looking for $100 / share stock; YOLO, MOJO, HODL. This was the last test for the quarter.
PFE / MRNA -- in talks with the Feds over Avian flu vaccine. See my note on MRNA in original post. One can make a lot of money on a stock that goes from "terrible" to "just bad." Yeah, we're looking at you, PFE.
Original Post
Higher than expectations.
Huge day.
200% revenue growth.
243% revenue growth.
262% revenue growth, y/y.
Beat that 243% revenue grow in most recent earnings report (needs to be confirmed). Three straight quarters, beating y/y by 200% or more.
Nvidia data center revenues: up 427% year-over-year.
600% profit explosion y/y.
Shares after hours are surging. Up 4% after hours. Up $40 after hours.
The big question: will NVDA hit $1,000 before June 6, 2024?
CNBC analysts almost giddy -- well, at least one of them. LOL.
After hours:
- AMD: up 1.2% after hours;
- QCOM: up 0.53% after hours;
- AVGO: up almost 1% after hours;
- MU: up 1.2% after hours;
- TSM: up almost a percent after hours;
- SNOW: up 4.22% after hours; later, as much as 5% after hours.
- SCCO: up slightly after hours but had dropped almost 8% during the day.
- INTC: up 0.35% after hours.
Tech is tracked here.
Chips, semiconductor: link here.
Best interview on CNBC? The one with the analyst who bet against Nvida a few months ago, and still argues he was correct.
So, does he like Nvidia's competitors better? Doesn't answer; avoids the question. Says he's more interested in Nvidia's customers, rather than Nvidia itself. Says Nvidia is too volatile. Sounds as if he got burned after Covid-19. Can't wait to listen to negative replies on Fast Money. The negativity speaks volumes. A 10:1 stock split and a raise in the quarterly dividend suggests Nvidia board doesn't see things the same way this analyst sees things.
*****************************
NVDA
"Fast Money" on CNBC.
Top stories to be featured this hour:
- NVDA: A surprise 10:1 stock split; a 150% increase.
- TGT: can't seem to catchup.
- Starbucks.
Other stories not discussed:
- MRNA: up $24 / share today.
Panel on NVDA
- high bar; stepped over the bar
- CEO doing a very, very good job
- waiting for rest of the story
- demand is there
- as a trader: wants to see a close above $995 tomorrow
- autos, CPUs
- the other two beneficiaries going forward
- energy (utilities supplying electricity)
- copper
Disclaimer Briefly
Reminder:
I am inappropriately exuberant about the US economy and the US market, I
am also inappropriately exuberant about all things Apple.
See disclaimer. This is not an investment site.
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.
Reminder:
I am inappropriately exuberant about the US economy and the US market, I
am also inappropriately exuberant about all things Apple.