NVDA Reports An Excellent Quarter But Is It Enough?

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Nvidia (NVDA) just released one of the most anticipated earnings reports I can remember. As expected, the numbers were excellent: Revenue: $22.1 billion; Gross Margin: 76.7%; EPS: $5.16.

All of these numbers beat their own guidance as well as Wall Street estimates – but by no means blew them away. The same thing applies to guidance for 1Q24: Revenue: $24 billion; Gross Margin: 76.65%. The stock is currently +6% in the after-hours but I’m waiting for tomorrow’s cash session to gauge the real reaction.

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