[Rewards] Nvidia Q3 FY23 Earnings Highlights

Milk The Cow : I don't think the report look that good for $NVIDIA (NVDA.US)$ ...
In fact it's kinda bad...
Demand is dropping but price ...

However, the TA seem to show otherwise...
I think it "may" be suitable for swing trading...+

Not really sure why the price keeps trying to go up ...

小奶狗 : Tech stocks like this had been beaten down. I think technology will continue to drive future economy through innovation. Hope it recover soon

矜重的比尔 : Since the beginning of 2022, the total share of the eight science and innovation 50 ETFs has increased by 29.071 billion shares, and the total scale has increased by 19.496 billion yuan. Incremental capital continues to flow in, and the absorption of money is obvious.

On November 2, 2022, the Sci-Tech Innovation 50 Index continued its previous upward trend. By the close, the index had risen 1.24%, with 37 stocks rising and 12 stocks falling.

Choice data shows that since its relative low on October 12, 2022, the Science and Innovation 50 Index has risen 16.10% cumulatively, clearly outperforming the market, and the money-making effect is remarkable.

According to Choice data, there are currently a total of 8 ETFs tracking the Sci-Tech Innovation 50 Index on the market. The total share and size of these funds have all achieved a clear increase from the beginning of the year.

As of November 1, 2022, since the beginning of the year, the total share of the eight science and innovation 50 ETFs has increased by 29.071 billion shares, and the total scale has increased by 19.496 billion yuan. As incremental capital continues to flow in, they are clearly absorbing money.



Specifically, since the beginning of the year, the Huaxia Fund Science and Technology Innovation 50 ETF (588000) has far led the increase in fund share, adding 19.544 billion shares; the E-Fonda Fund Science and Technology Innovation Board 50 ETF (588080) has followed suit, adding 5.883 billion shares since the beginning of the year.

Other fund shares that have increased by more than 1 billion shares since the beginning of the year include the ICBC Credit Suisse Fund Science and Technology Innovation ETF (588050) and the Huatai Berry Fund Science and Technology Innovation Board ETF (588090), which added 1,584 million shares and 1,123 million shares respectively.

In terms of scale, five science and innovation 50 ETFs have grown in scale since the beginning of the year, and the Huaxia Fund Science and Technology Innovation 50 ETF (588000) successfully topped the list with an additional scale of 15.445 billion yuan. The fund was won by a well-known fund and jointly managed by Zhang Hongtao. The size of the E-Fonda Fund Science and Technology Innovation Board 50 ETF (588080) increased by 3.265 billion yuan during the same period, bringing the total size to 14.264 billion yuan.

Since 2022, the size of the Huatai Berry Fund Science and Technology Innovation Board ETF (588090) and the ICBC Credit Suisse Fund Science and Technology Innovation ETF (588050) have increased by 406 million yuan and 405 million yuan respectively. Guangfa Fund's leading science and technology innovation 50 ETF (588060) increased by 215 million yuan. The latest scale was 461 million yuan. The remaining 3 funds were slightly reduced in size.

Dongxing Securities believes that the first batch of market makers on the Science and Technology Innovation Board will officially launch the Science and Technology Innovation Board stock market trading business. With the “hard technology” attributes of the Science and Technology Innovation Board gradually receiving market attention and recognition, the implementation of market-making business is expected to further calm market fluctuations and attract the participation of medium- to long-term value investment funds.

阿姚朋友 : I saw an interesting statistical chart today. This is TrueUp's summary of layoffs of technology companies listed on US stocks since this year.

Since the financial reports of many companies at the beginning of the year fell short of expectations, under the support of a bear market, growing technology companies also opened up resources and saved money. Layoffs were the most direct way to reduce internal budgets.

The one that has been in crisis since the beginning of the year $Peloton Interactive (PTON.US)$ , by the middle of the year $Tesla (TSLA.US)$ with $Snap Inc (SNAP.US)$ , and then the most recent $Meta Platforms (META.US)$ with $Twitter (Delisted) (TWTR.US)$  , and there are even more $Walmart (WMT.US)$ The figure. Walmart hired a lot of temporary workers during the supply chain crisis and is now cutting them.

These are all microcosms of economic activity.

Of course, we also saw China's $Bilibili (BILI.US)$  It's definitely on the list. Maybe this agency is just right $TENCENT (00700.HK)$  $Alibaba (BABA.US)$  Waiting for the company to pay attention isn't enough, is it? However, internet companies in China have experienced a wave of layoffs since the second half of last year.

Layoffs can increase profits for companies. But looking at it more closely, does that mean that expectations of a recession are stronger?

Ah keong : The semiconductor company will release third-quarter earnings in the next few days and bring more bad news after the results are announced.

$Taiwan Semiconductor (TSM.US)$ Reduce capital expenses in 2022
$Microsoft (MSFT.US)$ The warning said that product revenue will drop sharply in the next quarter;
$Texas Instruments (TXN.US)$ and $Intel (INTC.US)$ Their performance guidelines have been lowered.
Despite the discouraging fundamentals of semiconductors, stock prices have quietly strengthened.

For example, Intel rose 11% after making a profit, Texas Instruments recovered from a decline in earnings, and $Nvidia (NVDA) $ rebounded 28% from the bottom $Philadelphia Semiconductor Index (SOX) $ rebounded 16.5% from the bottom, ahead of 14.7% of the Dow Jones Index and 10% of the Nasdaq for the same period.

Why is the stock price out of touch with the company's fundamentals?
Perhaps the pessimistic expectations have been fully reflected in stock prices.

With 2022's disastrous decline and semiconductor companies' valuations nearing the bottom of history, the darkest hour may be the best time to enter.

$Philadelphia Semiconductor Index (SOX) $For example, the current price-earnings ratio is close to the bottom of the industry in 2012 and 2016, and there is little room for decline.



Let's take a look at other semiconductor companies that are about to release third-quarter reports.

1. $AMD (AMD) $
Earnings date: November 1, after the bell rings.

Bloomberg analysts agree: revenue of 5.67 billion US dollars, a year-on-year increase of 31.4%, adjusted net income of 1.1 billion US dollars, and gross profit margin of 50.3%.



This analyst forecast falls significantly short of the $6.7 billion revenue guidance given by management in the second quarter. Judging from the decline in Microsoft PC sales and negative data center growth, AMD may also be negatively affected.

2. $Qualcomm (QCOM) $
Earnings date: Released after November 2

Bloomberg analysts agreed on revenue of $11.41 billion, a year-on-year increase of 22%, adjusted net revenue of $3.57 billion, and gross profit margin of 58%.

China's economic slowdown is expected to put pressure on Qualcomm's performance, and the White House's restrictions on semiconductors cast a shadow over Qualcomm's future.

3. $Nvidia (NVDA) $
Earnings date: Release November 16 after the bell rings.

Bloomberg analysts agree: revenue of 5.85 billion US dollars, a year-on-year decrease of 18%, adjusted net income of 1.77 billion US dollars, and gross profit margin of 65%.



Analysts expect similar guidance given by management in the second-quarter report. The company's third-quarter revenue forecast is 5.9 billion US dollars, fluctuating 2% up and down.

NVIDIA is More affected by the decline in semiconductors.

As the pandemic receded, its gaming business declined.

As cryptocurrency prices plummeted and mining rules were revised, graphics card inventories were under heavy pressure.

Data centers and automotive chips are expected to drive the company's performance. In particular, automotive chips may become a new hot project.

4. $Applied Materials (AMAT) $
Profit date: November 17, released after the bell rings

The consensus of Bloomberg analysts is: revenue of 6.47 billion US dollars, a year-on-year increase of 5.6%, adjusted net income of 1.53 billion US dollars, and a gross profit margin of 45.2%.



On October 12, the company lowered its fourth-quarter earnings forecast and expected revenue to fall by $400 million. The main reason is the US restrictions on Chinese semiconductors.

If applied materials are not authorized, the Export Restriction Act will have the same negative impact on fiscal year 2013 Q1 results.

12moon : I vote for hold/wait if your Nvidia shares are not in the money. Otherwise, please sell to take in some profit and to buy back Nvidia at lower prices on market dips. The PC market will remain weak in the short term with continued slowdown in the Gaming business. Nvidia has forewarned a bad earning forecast for current and next year. In the short term, Nvidia may not be a good buy, but at a lower stock price, Nvidia may be a buy for the long term as its earnings will recover eventually. Besides, Nvidia continued to reward its shareholders with dividends and share buyback.

CasualInvestor : I vote for sale and have also profit take as I wanted to reinvest in something else.

Realised I locked too much proportion of my original intention to buy the dip. Thus selling at a profit to relook at my positions and consolidate my portfolio is my best step forward.

102823248 : $NVIDIA (NVDA.US)$
Daily Chart wise looks bad & may drop back along $130 or even re-test previous low at $108

Aliencreation : nvidia will pick up steam as it progresses with AI and its increased role in smart automation.  Also, gamiñg will near a new precipice with the advent of Web3 and the metaverse which will make chip makers highly coveted.  Too many people are living and thinking in the past.  Technical Analysis is a false art in our fast moving and volatile ecosystem.

The God : Thanks boys and girls