Nvidia Announces Financial Results for Fourth Quarter and Fiscal 2024

[paulpauper]

I'll repost. Imagine shorting Nvidia in July 2023 last year at $500 because it seemed overvalued or overextended. Now at $700 like nothing. It goes to show how markets are more rational than assumed , in terms of correctly pricing in future earnings.

It's not irrational exuberance, but rational. yes, a 200% rally was rational in terms of pricing in huge earnings, not a bubble. The huge rally this year was in anticipation of the blow-out earnings on Ai demand, which materialized.

The 1997-2000 period in which stock prices wildly departed from fundamentals was more of an anomaly than the norm, yet people assume that it's the norm. The late 90s and tech boom and early 2000s crash was an outlier that made people overly pessimistic in subsequent decades.

[nabla9]

Let's discuss this again in 3 years.

Nvidia is still very expensive and has 5 years of nothing revenue and earnings growth baked in.

[mikestew]

Imagine shorting Nvidia in July 2023 last year at $500 because it seemed overvalued or overextended.

Oh, I don’t have to imagine:

https://news.ycombinator.com/item?id=37241696

(Granted, selling covered calls isn’t exactly shorting, and I still made bank on the whole deal. But plenty of money was left on the table.)

[TacticalCoder]

> a 200% rally

200% rally or $200 rally? Are you talking about the rally from $500 to $700?

[nabla9]

Revenue +8% over expected.

Earnings +12% over expected.

guiding for the Q1 +9.6 over expected.

New P/E about 45 (from trailing 12 months)

[hnburnsy]

77% gross margins <mic drop>

[thats_delicious]

So if you are bought in on AI demand over the next ~3 years, what companies are you buying stock in?

[a_bonobo]

AMD GPUs are being rolled out to HPC, the interface is a far cry from CUDA but open source. It would be a risky bet, like being non-bitcoins after seeing bitcoin's price balloon.

[solardev]

Campbell's and Franz?

The only things left the rest of us can afford to eat.

[stephencoyner]

Meta, Google, Palantir, Microsoft

[ChrisArchitect]

More discussion: https://news.ycombinator.com/item?id=39459762