Posted 2/23/2024, 7:52:00 AM
Nvidia Soars Past Earnings Expectations But Faces Uncertainty About Future Growth
- Nvidia's earnings expectations have soared well beyond its stock price, leading to a 102-point multiple contraction over 2+ years
- Analyst "There's a runway here" for Nvidia's profits, but how long can they keep printing profits like this is the question
- Nvidia's margins in the chip space are only surpassed by ARM Holdings
- Nvidia stock surged 16% after it beat Q4 revenue expectations by ~$2B and projected higher Q1 sales
- Over the last 52 weeks, Nvidia’s stock has climbed an impressive 237.2%