from Hacker News

Nvidia Announces Financial Results for Fourth Quarter and Fiscal 2024

by apollo1213 on 2/21/24, 9:32 PM with 17 comments

  • by paulpauper on 2/21/24, 9:45 PM

    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.

  • by nabla9 on 2/21/24, 9:36 PM

    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)

  • by hnburnsy on 2/21/24, 11:09 PM

    77% gross margins <mic drop>

  • by thats_delicious on 2/21/24, 10:38 PM

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

  • by ChrisArchitect on 2/22/24, 7:37 AM