[HN Gopher] Nvidia Announces Financial Results for Fourth Quarte...
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       Nvidia Announces Financial Results for Fourth Quarter and Fiscal
       2024
        
       Author : apollo1213
       Score  : 21 points
       Date   : 2024-02-21 21:32 UTC (1 hours ago)
        
 (HTM) web link (investor.nvidia.com)
 (TXT) w3m dump (investor.nvidia.com)
        
       | nabla9 wrote:
       | 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)
        
       | paulpauper wrote:
       | 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 wrote:
         | 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.
        
         | TacticalCoder wrote:
         | > a 200% rally
         | 
         | 200% rally or $200 rally? Are you talking about the rally from
         | $500 to $700?
        
       | thats_delicious wrote:
       | So if you are bought in on AI demand over the next ~3 years, what
       | companies are you buying stock in?
        
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       (page generated 2024-02-21 23:01 UTC)