NVDA delivered some extremely impressive numbers yesterday morning, but investors are starting to question if the next chapter can be as remarkable:
- Revenue: $35.08 billion vs. $33.16 billion expected.
- Earnings per share: 81 cents adjusted vs.75 cents expected
- Nvidia said it expects about $37.5 billion plus or minus 2% in current-quarter sales, versus $37.08 billion expected by analysts.
The fourth-quarter forecast implies year-on-year growth of about 70%, a slowdown from 265% annual growth in the same period a year prior. Even after yesterday’s impressive result, many are asking whether this stock is overvalued or if the company’s current growth rate can continue, and earnings beat after earnings beat are in order.
- We remain bullish on NVDA as long as it can hold above $US140, but it’s looking ” tired” following its stellar advance through 2024.
MM is cautiously bullish toward NVDA
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