Nvidia Before & After ChatGPT │ Phil Rosen

Similar to what happened last quarter, the world’s largest stock fell more than 2.5% in overnight trading following the blowout earnings report.

 

■ Earnings per share: $0.81, beating estimates for $0.74, up 103% from a year ago.

■ Revenue: $35.1 billion, beating estimates for $33.2 billion, up 94% from a year ago.
■ Nvidia’s Q4 revenue forecast: $37.5 billion (±2%), beating estimates for $37 billion.

 

The following chart is worth revisiting every earnings report, as it becomes more extreme with each update: 

 Nvidia had risen 192% year-to-date as of Wednesday's close.

Reference:
Phil Rosen (November 21, 2024) - Nvidia shareholders are so spoiled that they felt let down by a $35 billion quarter. 

$NVDA is flashing in our buyer's frenzy indicator again. This is tactical, but suggests upside 

expectations are extraordinarily high/priced in. — RenMac, November 20, 2024.