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Nvidia announces financial results for second quarter fiscal 2024

nvidianews.nvidia.com

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Re: Nvidia announces financial results for second quarter fiscal 2024

#11

Post by UncleOxidant »

HDThoreaun wrote: post #5

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 valua…

Intel doesn't seem to be able to execute. It's not just pumping out GPUs - for AI you need drivers, and the equivilent of CUDA and all the various libraries built on CUDA like cuDNN. They do have OneAPI but it hasn't caught on like CUDA in that space. It's kind of too bad since OneAPI is open and CUDA is not.

Re: Nvidia announces financial results for second quarter fiscal 2024

#12

Post by pb7 »

reilly3000 wrote: post #7
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.

What makes it a meme stock? It's printing money from an industry that is only starting. This isn't crypto nonsense.

Re: Nvidia announces financial results for second quarter fiscal 2024

#13

Post by HDThoreaun »

UncleOxidant wrote: post #11
HDThoreaun wrote: post #5

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 valua…

Intel doesn't seem to be able to execute. It's not just pumping out GPUs - for AI you need drivers, and the equivilent of CUDA and all the various libraries built on CUDA like cuDNN. They do have OneAPI but it hasn't caught on like CUDA in that space. It's kind of too bad since OneAPI is open and CUDA is not.

Right but the market is saying that a dominant GPU business is worth more than a trillion dollars. Just hard for me to believe that they can't get the business off the ground with that kind money on the table. Can't they just hire all of nvidia's developers and pay them 5x as much?

Re: Nvidia announces financial results for second quarter fiscal 2024

#14

Post by tmn »

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?

Valuation fundamentals don't justify current prices. That said it could easily go higher (much higher). Passive investing has created a constant bid that has significantly distorted price discovery compared to pre passive era.

Re: Nvidia announces financial results for second quarter fiscal 2024

#18

Post by tgma »

HDThoreaun wrote: post #13
UncleOxidant wrote: post #11

Earlier quoted context omitted.

Intel doesn't seem to be able to execute. It's not just pumping out GPUs - for AI you need drivers, and the equivilent of CUDA and all the various libraries built on CUDA like cuDNN. They do have OneAPI but it hasn't caught on like CUDA in that space. It's kind of too bad since OneAPI is open and CUDA is not.

Right but the market is saying that a dominant GPU business is worth more than a trillion dollars. Just hard for me to believe that they can't get the business off the ground with that kind money on the table. Can't they just hire all of nvidia's developers and pay them 5x as much?

- Can't they just hire all of nvidia's developers and pay them 5x as much?

No.

Re: Nvidia announces financial results for second quarter fiscal 2024

#19

Post by beebeepka »

solardev wrote: post #10

I miss the small graphics company that used to care about gamers :(

When was that? Surely it must have been at least a decade before the GTX 970 "4GB" but maybe after all the driver cheating in the late 90s and early 2000s.

I no longer buy nvidia hardware but I do enjoy stock price getting higher. I just wish I had the sense to buy more, a lot more, stock when it was much cheaper. How does a chicken shit like me make big money :(

Re: Nvidia announces financial results for second quarter fiscal 2024

#20

Post by rvz »

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?

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

8% is close to nothing in stocks. Biotech stocks go up and down more than that without earnings announcements.

> 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?

As long as fine-tuning, training or even using these models are inefficient and no other efficient alternatives to that without these GPUs, then Nvidia will remain unchallenged unless that changes.

EDIT: It is true like it or not AI bros. There are too many to list. For example, just yesterday:

Fulcrum Therapeutics, Inc. (FULC) 38% up.

China SXT Pharmaceuticals (CM:SXTC) down 25%.

Regencell Bioscience Holdings (RGC) 28% up.

NanoViricides (NNVC) up 20%.

Armata Pharmaceuticals (ARMP) down 23%.

[0] https://simplywall.st/stocks/us/pharmaceuticals-biotech

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