[Financial Summary] Will NVIDIA record sales and net profit be the catalyst for a new AI boom
Major US semiconductor company $NVIDIA (NVDA.US)$The 24Q2 financial results were announced after closing on the 23rd. Sales exceeded double the same period last year,A record highIt has been reached. It rose 8% in pre-market trading on the 24th.
![[Financial Summary] Will NVIDIA record sales and net profit be the catalyst for a new AI boom](https://sgsnsimg.moomoo.com/feed_image/181250687/a1b22b6a752c32689215500e8e11ed37.png/bigmoo)
● Sales:135.07100 million dollars (market forecast $11.042 billion), year-over-year101% increase
● EPS after adjustment and dilution:2.70USD (market forecast $2.07), year-over-year429% surge
● Adjusted gross profit margin: from 45.9% in the same period last year71.2%Rapid increase to (market forecast 70.1%)
● Data center division sales:103.23100 million dollars (market forecast 7.981 billion dollars), year-on-year171% rapid growth
● Gaming Division Revenue:24.86100 million dollars (market forecast $2.38 billion), up 22% from the same period last year
●Q3 Sales Forecast:160It is 100 million dollars (± 2%), exceeding market expectations of 13.1 billion dollars.
● EPS after adjustment and dilution:2.70USD (market forecast $2.07), year-over-year429% surge
● Adjusted gross profit margin: from 45.9% in the same period last year71.2%Rapid increase to (market forecast 70.1%)
● Data center division sales:103.23100 million dollars (market forecast 7.981 billion dollars), year-on-year171% rapid growth
● Gaming Division Revenue:24.86100 million dollars (market forecast $2.38 billion), up 22% from the same period last year
●Q3 Sales Forecast:160It is 100 million dollars (± 2%), exceeding market expectations of 13.1 billion dollars.
According to a statement from Chief Executive Officer Jenson Hwang (CEO),”A new era of computing has begun. Companies around the world are shifting from general-purpose computing to accelerated computing and generative AI,” he said. Also, multiple major IT systems and software companies announced partnerships with NVIDIA and are planning to introduce AI to various industries, and it was also pointed out that “application competition for generative AI has begun.”
Wedbush analyst Daniel Ives said,”NVIDIA's financial results will be the best barometer for AI demandHe stated, “NVIDIA achieved results with a “homerun method,” and commented that the current financial results and guidance are the moment to “drop the microphone,” and that they will spread ripples in the high-tech field for the rest of this year.
Regarding the gaming business, NVIDIA's management team pointed out at the financial results briefing that demand for gaming GPUs had begun to increase, and demand for graphics cards for notebook PCs was strong.
Also, driven by demand fueling the AI boom, the company continued to explode in profit growth, and announced a new share repurchase plan with an upper limit of 25 billion dollars.
According to Bloomberg, the NASDAQ 100 Index achieved a year-on-year growth rate of 30% or more this year, and about 7% was supported by NVIDIA.
![[Financial Summary] Will NVIDIA record sales and net profit be the catalyst for a new AI boom](https://sgsnsimg.moomoo.com/feed_image/181250687/d3d3c092378b3baf902495a93484b28e.png/bigmoo)
Thomas Monteiro, a senior analyst at Investing.com, said “NVIDIA's financial results”It shows that betting on AI is paying off. This is important to confirm the scenario that has supported high-tech stocks this year,” he pointed out. Beginning this month, the AI boom began to cool down, and the monthly gain/fall rate of the Nasdaq 100 Index reached its lowest pace this year. NVIDIA's good financial results announced on the 23rd gave investors a reason to be optimistic, and there is also a possibility that they will break out of the August slump.
Source: Benzinga, Bloomberg
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182358851 : I made some profit... (—;)
えいさん : Will tonight be a “festival”? I'm excited.
リッキー豊 : 83 cards are being held\ (^o^)/
イタグレパパ : The financial results for the current fiscal year are also tremendous, but guidance for the next fiscal year is unusual.
There were also investment companies that predicted up to 800 dollars, but it seems rather realistic.
Currently, 90% of individual stocks are NVDA, but of course it's going to get really rough.
AMD H100
The rival horse is in the first quarter of 2024 at the earliest, and will be evaluated beyond that.
I think there is no doubt that NVDA's total market share will be taken over the next few years, unless there is currently a guarantee that it can be countered.
オスギと銀行 : Good financial results have arrived! There is about 1 month left until the Fed policy interest rate on 9/21. I thought that if the financial results were bad with this, I wouldn't be able to sell short, but since the financial results were good, I think US high-tech stocks will develop softly in the future. If this happens, when even a slight weakness is visible, it will be the perfect timing for short sales.
moo_ushi : If tonight is a festival, tomorrow's Tokyo will also be a festival
183049936 : It's still going up!
みやぞーん オスギと銀行 : If policy interest rates remain high, aren't they likely to rise more and more?
This is an image of throwing away the small ones and gathering them on top.