by winston » Tue May 07, 2024 9:50 am
not vested
Nvidia earnings.
They report on May 22nd.
But don't worry, it's still going to be a triple-digit growth quarter.
If they hit guidance (which has been very conservatively set over the past four quarters) they will do $24 billion in the quarter, versus $7.2 billion from a year ago.
But we already know, based on the earnings reports from the tech giants of the past two weeks, that Microsoft, Google and Meta (alone) spent north of $32 billion last quarter on investment in computing capacity. And they are buying as many Nvidia GPUs as they can supply.
That expectation from Wall Street already has Nvidia trading at a forward P/E (according to Reuters) of just 32 -- for a company growing revenue at a triple-digit pace.
At a $2.3 trillion market cap, and after tripling over the past year, it's cheap.
SOurce: Barron's
It's all about "how much you made when you were right" & "how little you lost when you were wrong"