Nvidia reports earnings of $1.87 per share for the fiscal 1Q topping estimates of $1.77. Revenue for the quarter ending in July is projected to be $91 billion, compared with Wall Street estimates of about $87.4 billion. Bloomberg’s Romaine Bostick and Matt Bryson of Wedbush Securities discuss.
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Good news all around and afterhours is dropping??? More Bloomberg spin!!! More market manipulation!!! Trolling the investor saps with information that’s obsolete right after it’s reported.
These idiotic investors will still bring the stock price down ๐๐
Thereโs no more growth upside. Unless export restrictions on China are lifted which wonโt matter as the Chinese are making their own chips. In fact, EVERYONE of the big datacenter companies are making their own chips.
@MrMaguuuuuuuuu but nvdia owns cuda thatโs their key. Most ai canโt process without cuda and they designed everything to involve it. So for any other company to provide the gpu needed to reach the power of nvdia its going to a decade or so and so does the ecosystem needed to operate it. Thatโs why a lot of ai companies partner with them.
@Oxoboxoplay Sure but CUDA code can be converted to other languages. Large datacenter companies are willing to do this.
CRASH
Algorithms selling high and buying low. ๐
And the stock is tankingโฆ.Everything was priced in long time ago already
Nvidia stock is down because the quarterly results clearly show that the company is failing and going bankrupt…๐