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Nvidia announces financial results for first quarter fiscal 2025

nvidianews.nvidia.com

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Re: Nvidia announces financial results for first quarter fiscal 2025

#171

Post by kortilla »

esprehn wrote: post #106
darth_avocado wrote: post #96

Earlier quoted context omitted.

It CAN be considered insider trading then. If you work for company A and are aware of a large monetary deal between company A & company B that is otherwise not known to the public, if you trade company B’s stock, not only can it be considered insider trading, it may even violate company A’s internal policies which can get you fired.

It's still illegal even if you don't work for company A or B.

Not in the US. “Don’t trade on any information not known by everyone” is a much more strict version used in other countries. That stricter version destroys the incentive to short selling research firms.

Re: Nvidia announces financial results for first quarter fiscal 2025

#172

Post by SkipperCat »

jldugger wrote: post #155
NoboruWataya wrote: post #143

Earlier quoted context omitted.

"My company bought their product" does not sound like material non-public information. It certainly doesn't sound material (and for this reason I also think it was sheer dumb luck that the investment paid off so handsomely, rather than intimate knowledge of the business).

It's absolutely treated as insider info by policy where I work. It might not rise to SEC enforcement action, but if caught you probably won't have a job anymore...

Why would your employer care what you invested in? How would they be impacted if you bought or sold public stock of someone they interact with? Would they care if you traded Google, Apple, Microsoft or Oracle?

I think most employers wouldn't care at all.

Re: Nvidia announces financial results for first quarter fiscal 2025

#173

Post by kortilla »

digging wrote: post #142
zooq_ai wrote: post #97

Earlier quoted context omitted.

No different from a Walmart cashier observing everyone is checking out Playstation 5 at an alarming rate. No different from using satellite images of Costco parking lot.

> No different from a Walmart cashier observing everyone is checking out Playstation 5 at an alarming rate. Arguably insider trader then > No different from using satellite images of Costco parking lot. Not even similar...

You don’t know what insider trading is. Please stop posting.

“A thing I observed at work about another company’s product” is not insider trading.

Re: Nvidia announces financial results for first quarter fiscal 2025

#174

Post by somethoughts »

zooq_ai wrote: post #90
somethoughts wrote: post #65

Earlier quoted context omitted.

The million dollar question (or trillion dollar question I suppose) is for the upcoming quarters - will there be pallets of h100s waiting shipment, 2x pallets of h100s or 10x pallets of h100s... or have all the pallets are shipped for the time being. Has demand saturated while downstream AI engineers tinker on actually profitable use cases or is it going to keep growing exponentially. Probably most stock price models…

The answer is we are in the Pentium II 33 MHz stage of AI chips. So, plan accordingly into what the future demand may look like.

I think the challenge is to determine whether or not AI applications are generalizably useful to all of society as general purpose PCs and smartphones or if they are more narrowly focused like crypto applications.

Re: Nvidia announces financial results for first quarter fiscal 2025

#175

Post by snewman »

deadbabe wrote: post #124
UncleMeat wrote: post #78

Earlier quoted context omitted.

On the other hand, my uncle lost a fortune investing in a wireless networking company in the 00s. He has worked an entire career in networking and has contributed to bleeding edge systems in the area. This company had excellent tech, but ultimately didn't succeed. A lifetime of savings kaput. nvidia's p/e is also insanely high. "Wow they sure sell a shitload of product" isn't necessarily enough to justify the price.…

I don’t get the whole P/E thing. Do people basically say we shouldn’t bother buying anything with a crazy P/E more than 20? Despite the fact that these high P/E companies are now making people lots of money? Wtf?

A company with a high P/E is by definition not making much money for its shareholders, relative to the size of their investment.

Unless you mean that the share price may appreciate. That's absolutely a thing, but it's a dangerous game. Of course plenty of people have made fortunes this way; people have also lost fortunes; I think the advice to steer away from such companies is basically a statement about risk.

Re: Nvidia announces financial results for first quarter fiscal 2025

#176

Post by nabla9 »

mewpmewp2 wrote: post #127
acchow wrote: post #114

Earlier quoted context omitted.

Nvidia can only say no if they have another shop to turn to. Do they?

The way that could play out is that Nvidia wouldn't buy directly from them, but somebody else purchases cheaper from TSMC and then Nvidia buys from them. So TSMC would have to increase prices for everyone, but then for some it would be too expensive and so they would lose those customers.

That's not how it works. You can't resell.

Nvidia engineers work shoulder to shoulder with TSMC to squeeze everything from the architecture even before the fab is build. TSMC makes custom job for their best customers.

For old established process it's possible to send design and get functioning chips without a huge R&D hassle and loss of performance.

Re: Nvidia announces financial results for first quarter fiscal 2025

#177

Post by foobarqux »

kortilla wrote: post #167
elevatedastalt wrote: post #126

Earlier quoted context omitted.

Sounds like insider trading to me. The backorders your company has are material non-public information.

Not insider trading from SEC. You can absolutely use material non-public information your own company collects. The entire short selling industry is based on this. It might be a violation of your company’s policy, but unless your company has been given explicit access to material non-public info of nvidia (e.g. you work for their accounting firm), there is no SEC risk here.

This is false, you are breaking your duty of confidentiality towards your employer. Read the numerous Matt Levine columns about this.

I don't know that the specific information collected in this qualifies as material information but it seems like it might.

Re: Nvidia announces financial results for first quarter fiscal 2025

#178

Post by erickj »

deadbabe wrote: post #36
nabla9 wrote: post #19

Bloomberg consensus data expectations YoY were: 400% earnings growth and 242% revenue growth. The reality was 461% earnings growth (629% GAAP) 262% revenue growth. 78.9% gross margin. Nvidia did it again.

How do they keep doing this

Think of their revenue in an ecosystem.

Google announced 2 weeks ago that its Q1 capex for datacenters and servers was $12B. This was up 100% y/y. Goog also expects for this capex spend to be ongoing... A healthy chunk of that is all going to Nvda

Re: Nvidia announces financial results for first quarter fiscal 2025

#179

Post by mjthrowaway1 »

bradfox2 wrote: post #159
AnotherGoodName wrote: post #46

This stock is a great example of invest in stocks where you have strong knowledge. I saw pallets of h100s shipping that were worth 100s of millions each pallet (each card is $40k and you can fit a lot on a pallet) as someone working for a company buying these and knowing that many other companies were doing the same (we have 12+ months of back orders with nvidia alone). I invested last year at ~$250 when redditors we…

I work at the intersection of power and AI. Buy utility stock. The bottleneck for AI expansion will not be installed GPUs, but the electricity they need to run. We are in an energy crisis and not many realize it yet. Virgina, Texas, Arizona and soon to be Ohio and Georgia are out of generation capacity and the data centers are like locusts.

Been on this thesis for the last few months. Any companies you think are interesting or have potential to grow during the energy crisis? Looking for more prospects to evaluate.

Re: Nvidia announces financial results for first quarter fiscal 2025

#180

Post by foobarqux »

darth_avocado wrote: post #82
georgeburdell wrote: post #72

Earlier quoted context omitted.

Is that not insider trading? I had opportunities to buy stock in companies that I knew my employer was about to do big business with, and could have profited handsomely, but was advised that it was at the very least against corporate guidelines

If you work for NVIDIA, it is insider trading. If you saw the pallets in a truck at a gas station, it’s not. In the wild, it’s no different from Wall Street making trades based on strip club attendance or by flying drones near Tesla factories.

This is false because you have a duty of confidentiality towards your employer.
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