Expecting to tap into Nvidia's earnings.
The grand finale of the earnings season is here, with much riding on Nvidia's (NASDAQ: NVDA) third-quarter performance after the bell. Impressive figures are expected due to explosive demand in AI and data centers, but the levels of growth and guidance are likely more crucial for Nvidia's story. The company's Blackwell GPU upgrade and overheated issues related to the coveted processor are being watched closely, regardless of whether the news is real or fake. Keep in mind that options trading could lead to significant price fluctuations regardless of what is said or reported. Therefore, instead of cheering after earnings, it may be necessary to zoom out to see the bigger picture.
Up, up, and away: Nvidia (NVDA) truly took off in the second half of 2022 after the release of ChatGPT that brought the 'Generative AI' revolution. The darling of the market tripled in 2023, with initial concerns about the existence of an AI bubble, but as things continued, the evaluation by Seeking Alpha subscribers proved to be correct. Nvidia (NVDA) once again tripled in price in 2024, demonstrating the sustainability of the AI rally.
In perspective, an investor who purchased $10,000 worth of Nvidia (NVDA) in January 2022 now holds over $0.1 million in shares. Despite all the recent rage enveloping the world of crypto, an equivalent investment in Bitcoin (BTC-USD) at the beginning of 2022 is worth only $20,000 today. While playing with positions and time frames is possible, this movement conveys how strong Nvidia (NVDA) has been for the market, as well as its position as one of the heaviest lifters in the S&P 500.
Commentary: SA analysts express opinions on how Nvidia can realistically grow through articles like Millennial Dividends and technical analysis by Michael James McDonald. There were bullish notes from the Street including the 'Smooth Blackwell's Progress' at Wells Fargo, and target price boosts at Truist and Stifel. Don't forget to explore the latest Nvidia (NVDA) evaluations, estimates, finances, transcripts, filings, candlestick, and virtual analyst reports (new feature) on Seeking Alpha.
Up, up, and away: Nvidia (NVDA) truly took off in the second half of 2022 after the release of ChatGPT that brought the 'Generative AI' revolution. The darling of the market tripled in 2023, with initial concerns about the existence of an AI bubble, but as things continued, the evaluation by Seeking Alpha subscribers proved to be correct. Nvidia (NVDA) once again tripled in price in 2024, demonstrating the sustainability of the AI rally.
In perspective, an investor who purchased $10,000 worth of Nvidia (NVDA) in January 2022 now holds over $0.1 million in shares. Despite all the recent rage enveloping the world of crypto, an equivalent investment in Bitcoin (BTC-USD) at the beginning of 2022 is worth only $20,000 today. While playing with positions and time frames is possible, this movement conveys how strong Nvidia (NVDA) has been for the market, as well as its position as one of the heaviest lifters in the S&P 500.
Commentary: SA analysts express opinions on how Nvidia can realistically grow through articles like Millennial Dividends and technical analysis by Michael James McDonald. There were bullish notes from the Street including the 'Smooth Blackwell's Progress' at Wells Fargo, and target price boosts at Truist and Stifel. Don't forget to explore the latest Nvidia (NVDA) evaluations, estimates, finances, transcripts, filings, candlestick, and virtual analyst reports (new feature) on Seeking Alpha.
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