NVIDIA
- Earnings: $5.15 per share, adjusted, versus $4.64 per share expected.
- Revenue: $22.10 billion, versus $20.62 billion expected.
The circus continues on
Printable View
NVIDIA
- Earnings: $5.15 per share, adjusted, versus $4.64 per share expected.
- Revenue: $22.10 billion, versus $20.62 billion expected.
The circus continues on
Up 6% in extended trading
wow those nvidia results swung the whole market 40 handles up and down in quick time on the sp 500 on the announcement just goes to show how big this company is on sentiment
i was short the index from last night went for walk this morning got home and taht 30 min before bell run -up in sp500 wiped out the gains lol on that insurance position , closed out neutral on the announcement
It has more room to go up, but I believe NVidia’s stock is overvalued. I saw somewhere its long-term fare value estimated at $480. I also expect coming competition in AI. Tomorrow could be flying day for Nvidia because so many traders and speculators are betting on it.
We don’t know when the market cycle will end. As I said, this is the final leg of the current long bull market. I have a fear of investing at the peak. I agree Nasdaq is due for huge sell-off. Although I prefer long term investment (which is limited to cash rich strong balance sheets and buying them before market recognize them), I do re-balancing as well now. I was terrible in selling. Now it has become part of my investment journey. Once I realize I have a value trap or growth trap I will sell them and will park in stocks with mutibagger characteristics. People think only place to park is the tech sector. Opportunities can come at any place. I am looking forward to the next opportunities.
nvidia 15% move up .... monster there result caused world markets to have good days
i asked nvidia ai chip what it thought of the result
In the end, it was not just about creating the biggest company in the world, but about shaping the destiny of humanity itself. And as NVIDIA's AI-aware chips ushered in a new era of enlightenment, the world looked to the horizon with hope and anticipation, knowing that the future had never been brighter
This chart on money market and economist/commentators mind ….and causing concern in some quarters
What is the concern? The OCR above 1%?
Japan has shown the way regarding zero percent interest rates and how to deal with a debt crisis.
Celebration today as the Nikkei has just eclipsed the high set in 1989. I wouldn't have wanted to be buying into a Nikkei index fund in 1989 but now only 34 years later you would have got your money back.
I don't understand the full picture but I think interest rates have been near zero for decades and the JCB just prints and buys govt bonds and etfs although the JCB only owns 4.7% of the Tokyo Stock Exchange and 53.9% of outstanding japanese govt debt.
Is Japan the model we are following, if so zirp and money printing appear to be a total success.
https://www.nzherald.co.nz/business/...N52VHPL6MHGGY/
Interesting comment Adrian Orr sees managing the economy like steering a canal boat.
The bank shouldn’t be hasty: “In practice, this means taking care not to make economic booms and busts worse by jumping at shadows and reacting to the first-round effects of short-term price movements.”
This week, the Reserve Bank’s survey of expectations predicted inflation will drop back below 3 percent by the end of next year.
Orr dropped the OCR from 1.75% to .25% between April 2019 to March 2020 or a drop of 85% in a year, his steady hand kept it there until Sept 2021 (allowing Labour to waste money on covid) He has since then raised the OCR to 5.5%. By my calculations that is a 2,100% increase. (Better check my maths that seems too big) (5.25/.25 = 21)
Steady as she goes skipper.