Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Nvidia announces financial results for second quarter fiscal 2024

nvidianews.nvidia.com

Post reply on HN
Print view View original

1–10 of 444 posts

Re: Nvidia announces financial results for second quarter fiscal 2024

#3

Post by NickC25 »

Absolutely monster numbers. The aftermarket trading is up over 8% as of right now, roughly $41 USD to approximately $513 a share. Insane.

Anyone who is a lot more versed in company valuation methodology see this as being near peak value, or does Nvidia have a lot more room to run?

Re: Nvidia announces financial results for second quarter fiscal 2024

#4

Post by mikestew »

Whelp, I guess those September NVDA call options I sold are going to get exercised. Who woulda guessed after the crypto fallout that "AI" would come along and bump the price back up.

Record revenues, and a dividend of $0.04 on a $450 stock? That's not even worth the paperwork. For example, if you bought 100 shares, that's $45K. From that, around September $4 will show up in your account, which you have to pay taxes on. So $3 or so net on a $45,000 investment. Sure, there were stock buybacks, but why keep the token dividend around?

Re: Nvidia announces financial results for second quarter fiscal 2024

#5

Post by HDThoreaun »

Up more than 10% after hours compared to close yesterday. I really thought NVDA had hit its ceiling at $1+ trillion, apparently not. Really does feel like a huge opportunity for Intel to me. They have the fab capacity to pump out at least reasonably competitive GPUs if they can figure out the software side of things.

P/E still above 50 even after the AI craze 9x'd eps this quarter. Still hard for me to see that valuation ever makes sense but what do i know.

Re: Nvidia announces financial results for second quarter fiscal 2024

#7

Post by reilly3000 »

NickC25 wrote: post #3

Absolutely monster numbers. The aftermarket trading is up over 8% as of right now, roughly $41 USD to approximately $513 a share. Insane. Anyone who is a lot more versed in company valuation methodology see this as being near peak value, or does Nvidia have a lot more room to run?

It’s basically a meme stock now. I don’t think anyone should be surprised by wide swings and irrational pricing going forward into the next few months.

Re: Nvidia announces financial results for second quarter fiscal 2024

#8

Post by mikeweiss »

NickC25 wrote: post #3

Absolutely monster numbers. The aftermarket trading is up over 8% as of right now, roughly $41 USD to approximately $513 a share. Insane. Anyone who is a lot more versed in company valuation methodology see this as being near peak value, or does Nvidia have a lot more room to run?

In my opinion it's likely mostly pull forward demand. Companies are racing to buy as many chips as possible and hoard them.

I already saw a few posts here on HN from companies that threw down insane amounts of $$ on H100s and are now looking to rent out their excess capacity. I'm guessing we'll be seeing a lot more posts like that soon.

Re: Nvidia announces financial results for second quarter fiscal 2024

#9

Post by mholm »

NickC25 wrote: post #3

Absolutely monster numbers. The aftermarket trading is up over 8% as of right now, roughly $41 USD to approximately $513 a share. Insane. Anyone who is a lot more versed in company valuation methodology see this as being near peak value, or does Nvidia have a lot more room to run?

Nvidia is the pickaxe seller in a gold rush. Their valuation is very much tied to how big AI grows in the next several years, and how quickly competitors can arise. I could easily see them continuing to go up from here, especially if AI keeps on expanding utility instead of leveling off as some fear.
Post reply on HN