Nvidia Announces Financial Results for Second Quarter Fiscal 2025

Post by IAmGraydon » Wed, Aug 28, 2024, 10:07 PM UTC

ckastner wrote: post #17

IAmGraydon wrote: post #9

Earlier quoted context omitted.

Because markets are forward-looking. They know this cycle of the AI hype bubble is coming to an end, so to put it simply, this earnings release is as good as it will get for a while. The market believes there's nowhere to go but down from here.

> put it simply, this earnings release is as good as it will get for a while They literally guided more growth for the next quarter and Nvidia is notorious for sandbagging this number.

Post by JumpCrisscross » Wed, Aug 28, 2024, 10:12 PM UTC

usaar333 wrote: post #61

JumpCrisscross wrote: post #52

Earlier quoted context omitted.

> Annualizing this quarter's earnings it has a P/E of 45. And earnings "only" grew at 60% annualized, slower than in the past That's a PEG ratio of 1.5 [1], below the S&P 500's forward 2.63 [2]. (EDIT: It's 1.4x [3].) Wild times. [1] https://www.investopedia.com/terms/p/pegratio.asp [2] https://www.nasdaq.com/market-activity/stocks/spgi/price-ear... [3] https://news.ycombinator.com/item?id=41384923

Isn't spgi the company not the index? I'm seeing 17% projected growth in earnings: https://ycharts.com/indicators/sp_500_earnings_per_share_ttm... P/e is 24. ($493 billion quarterly earnings, $47 trillion market cap). - and yes, nvda is literally alone 6% of sp500 earnings. Peg is 1.4 as a comparable to the way I calculated Nvidia.

Post by tedunangst » Wed, Aug 28, 2024, 10:20 PM UTC

JumpCrisscross wrote: post #60

smy20011 wrote: post #2

Numbers are impressive, not sure why it's down in AH.

> not sure why it's down in AH It could be due to gross margins, though they're pretty much in line with estimates [1]. I'd guess it's noise from options rebalancing [2]. [1] https://www.reuters.com/technology/nvidia-forecasts-third-qu... [2] https://www.reuters.com/technology/nvidia-results-could-spur...

Post by p1esk » Wed, Aug 28, 2024, 10:46 PM UTC

TheAlchemist wrote: post #54

gz5 wrote: post #49

Forget about the market reaction for a minutes, which is always difficult to interpret. More holistically, aren't we underestimating their dev ecosystems (CUDA etc.)? Think of the dev ecosystem effects in all the various permutations, e.g. from Windows or Apple to AWS to more granular like PyTorch. Those advantages aren't easily eliminated just by more competitors or even 'better' competitors.

Reactions to earnings are always a bit random. But holicistally, if you were to buy the entire Nvidia company today, even if those advantages continue untouched for the next 10 years, and competition doesn't catch up, and the AI boom continues ... you're still not getting your money back. That's how high the valuation is.

Post by ckastner » Wed, Aug 28, 2024, 11:14 PM UTC

IAmGraydon wrote: post #62

ckastner wrote: post #17

Earlier quoted context omitted.

> put it simply, this earnings release is as good as it will get for a while They literally guided more growth for the next quarter and Nvidia is notorious for sandbagging this number.

They can say whatever they want, but the market clearly isn’t buying it.