Locator: 50058NVDA.
Other related news: Helios (AMD) vs Vera Rubin (NVDA) -- link here --
See disclaimer for the blog. The following was done quickly on the fly as numbers were being released. There will be typographical and content errors.
Numbers are out:
- most important numbers:
- forward p/e multiple: 24 (currently 48)
- margins: 75%
- data center revenue: up 75%
- share price action:
- immediately: shares up 2.2%; now shares up by almost 3%; now shares up by 3.5% after guidance; looks like shares will settle about 3% up;
- immediately: shares up $5.44; now, shares up $7.37; now, up $9.72; looks like share will settle about $3.00 up;
- share price after guidance came out: trading $202 after hours; looks like NVDA will settle about $199 tonight.
- comments by talking heads:
- "a decent quarter" -- one talking head
- "robust numbers, but the market knows the game of circular financing" -- another CNBC talking head, Guy Adani;
- as evening went on, talking heads felt that trading was very, very mooted.
- the numbers:
- 75% margins: amazing;
- EPS: 1.62 vs
- revenue: $68.13 billion vs $66.21 billion
- P/E: at the close, the p/e was 48.
- guidance, next quarter, 1Q27
- $78 billion vs $72 billion
- dividend: 1 cent / quarter -- hasn't been changed since June, 2024 -- seven quarters without a change; previously 0.4 cent (no typo -- less than half a cent / share)
Other chips: riding NVDA's tailcoats; most are up in the after hours.
AAPL: not riding coat tails -- AAPL down slightly after hours, after huge day during normal hours;
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Before Earnings Release
What to expect: the WSJ.
According to a FactSet consensus:
- fourth-quarter sales are seen at around $66.1 billion, a roughly two-thirds jump from a year earlier. In November, Nvidia raised its sales guidance for the quarter to $65 billion.
- revenue in the all-important data center division is expected to surge more than 70%.
- net income is expected to jump 70% to around $37.5 billion.
- shares rose over 1% early Wednesday.
- investors will pay close attention to any comments by Chief Executive Jensen Huang on how companies' artificial-intelligence spending is holding up, amid concerns around overspending.
Overspending? A meme.
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The Book Page
Van Gogh: The Life, Steve Naifeh and Gregory White Smith, Pulitazer Prize winning authors of Jackson Pollock, c. 2011, Random House.
- narrative: 868 pages
- appendices: 16 pages
- acknowledgments: 4 pages
- a note on sources: 3 pages
- selected biography: 24 pages
- index: 32 pages
