by BlackSwanStreet
After reporting earnings today:
• The stock is up 25% after hours
• Added $220 billion in market cap
• Became the 6th most valuable public company in the world
To put this in perspective, here is the Market Cap of some of their competitors:
• Cisco: $198 billion
• AMD: $174 billion
• Intel: $121 billion
• Qualcomm: $115 billion
• Micron: $73 billion
So, Let’s Talk About Nvdia’s Earnings:
→ Beat on Both EPS and Sales
• EPS of $1.09 vs $0.92 estimate• Sales $7.19B vs $6.25B estimate
→ Beat on Data Revenue
• Data revenue $4.2B vs $3.9B estimate
→ Beat on Data Revenue
• Data revenue $4.2B vs $3.9B estimate
→ Beat on Gaming Revenue
• $2.24B vs $1.99B estimate
→ Stronger-than-expected Guidance
• Expects fiscal Q2 revenue of $11B, plus or minus 2%, analysts expected $7.11B
→ Sales drop
• Overall Sales fell 13% from $8.29B a year ago
Yes Nvidia beat on most metrics, but that’s not the main reason the stock is flying.
The main reason: AI
AI is hot and Nvidia is at the center of it. Hot Sector + Good Earnings = Explosion