NVIDIA (NVDA) is down 5% today following yet another earnings triple play after the close yesterday. Barring a massive turnaround in the last hour of trading, this will be the seventh straight quarter where NVDA shares fell from the open to the close of trading on the day after it reports earnings.
Below is a snapshot of NVDA quarterly earnings versus estimates since ChatGPT's release at the end of 2022. Out of 13 total quarterly reports, NVDA has reported ten triple plays (beat EPS, beat sales, raised guidance).
In its first six earnings reports following the release of ChatGPT, NVDA shares averaged a one-day gain of 10% on its earnings reaction day. Following its last seven reports, though, shares have averaged a decline of 3% for an overall average of 3.2%.
Now that NVDA has reported and completed its conference call, we can update our chart of "AI" mentions from the mega-cap hyperscalers this earnings season. Across the conference calls of Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META), Microsoft (MSFT), and NVIDIA, "AI" was mentioned 348 times this quarter. As shown below, that's down quite a bit from the 401 "AI" mentions last quarter, and it's 102 fewer than the peak "AI" reached during the Q1 2025 earnings season.
Below is a breakdown of "AI" mentions by stock going back to 2001.
This quarter, Amazon and Apple were the only two that mentioned "AI" more on conference calls, with AMZN mentioning it a record 61 times.
META mentioned AI just 45 times, the lowest since Q4 2023, while NVDA's 82 mentions was the lowest since the last earnings season before ChatGPT's release!
Comments
Log in or sign up to join the conversation.