My Q2 Earnings Review
Which Q2 earnings are your satisfied or dissatisfied with?
Is now a good chance to own AI-related stocks or other stocks?
I'm most satisfied with Nvdia Q2 earnings which was released on 24 August 2023:
Earnings: $2.70 per share, adjusted, versus $2.09 per share expected by Refinitiv.
Revenue: $13.51 billion versus $11.22 billion expected by Refinitiv.
$NVIDIA (NVDA.US)$ According to CNBC, Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker beat estimates for its fiscal Q2. In fact the share price hit a peak of $502 at one point. But it didn't bring rally to AI related stocks. For example, Tesla is down 4% on that day with a low share price of $228. About one month later Nvidia hit a low of $409 (down 18%) and Tesla hit $278 (up 21.8%).
Tech stocks like AI-related stocks are very volatile. There are more than one factors that can affect the share price other than earnings for example Fed rate hike and global economy slowdown. Having said that earnings are an important indicators for me who take long position. I will continue to invest in companies with strong fundamental and growth potential, not just AI-related stocks. DCA may be a good strategy as it will reduce the emotional trading effect - panic sell and FOMO buy.
If you're a long term investor, be sure to dyodd before buying or holding a stock as there're volatility risk. If you're a swing trader, that'll be a different story.
Is now a good chance to own AI-related stocks or other stocks?
I'm most satisfied with Nvdia Q2 earnings which was released on 24 August 2023:
Earnings: $2.70 per share, adjusted, versus $2.09 per share expected by Refinitiv.
Revenue: $13.51 billion versus $11.22 billion expected by Refinitiv.
$NVIDIA (NVDA.US)$ According to CNBC, Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker beat estimates for its fiscal Q2. In fact the share price hit a peak of $502 at one point. But it didn't bring rally to AI related stocks. For example, Tesla is down 4% on that day with a low share price of $228. About one month later Nvidia hit a low of $409 (down 18%) and Tesla hit $278 (up 21.8%).
Tech stocks like AI-related stocks are very volatile. There are more than one factors that can affect the share price other than earnings for example Fed rate hike and global economy slowdown. Having said that earnings are an important indicators for me who take long position. I will continue to invest in companies with strong fundamental and growth potential, not just AI-related stocks. DCA may be a good strategy as it will reduce the emotional trading effect - panic sell and FOMO buy.
If you're a long term investor, be sure to dyodd before buying or holding a stock as there're volatility risk. If you're a swing trader, that'll be a different story.
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