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Nvidia Announces Financial Results for Fourth Quarter and Fiscal 2024
- nabla9 3y agoRevenue +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 3y agoI'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 3y agoLet's discuss this again in 3 years. Nvidia is still very expensive and has 5 years of nothing revenue and earnings growth baked in.
- gmerc 3y agoNvidia is a 77% tax on every AI investment collected upstream. the valuation is entirely reasonable because speed matters in the landgrab period and nobody sells horses. By the time others do, the land has been grabbed.
- solumunus 3y agoIt’s really not that expensive though. The PE ratio is frankly quite normal in today’s markets. When TSLA was on its insane run its PE was an order of magnitude higher. NVDA is nowhere near bubble levels of valuation yet.
- TacticalCoder 3y ago> a 200% rally 200% rally or $200 rally? Are you talking about the rally from $500 to $700?
- deleted 3y ago[deleted]
- mikestew 3y agoImagine shorting Nvidia in July 2023 last year at $500 because it seemed overvalued or overextended. Oh, I don’t have to imagine: https://news.ycombinator.com/item?id=37241696 https://news.ycombinator.com/item?id=37241696 (Granted, selling covered calls isn’t exactly shorting, and I still made bank on the whole deal. But plenty of money was left on the table.)
- thats_delicious 3y agoSo if you are bought in on AI demand over the next ~3 years, what companies are you buying stock in?
- stephencoyner 3y agoMeta, Google, Palantir, Microsoft
- jgalt212 3y agoPalantir's PE is 253. https://finance.yahoo.com/quote/PLTR?.tsrc=fin-srch https://finance.yahoo.com/quote/PLTR?.tsrc=fin-srch
- stephencoyner 3y agoThat’s admittedly high, but their growth is also very high (the commercial business grew 36% last year and they expect 40% this year) which makes the stock attractive. The gov business is growing slower, but the wins come in waves and those contacts are incredibly sticky
- jgalt212 3y agoThey sold the world on being a big data company, when the market soured on that, they sold the world on being an AI company. I, for one look forward to what the future brings.
- stephencoyner 3y agoDon’t you think those two things compliment each other? Whether they’re chasing clout or are just executing well based on the latest technology is up for debate, but I think they’re onto something big
- solardev 3y agoCampbell's and Franz? The only things left the rest of us can afford to eat.
- hnburnsy 3y ago77% gross margins <mic drop>
- ChrisArchitect 3y agoMore discussion: https://news.ycombinator.com/item?id=39459762 https://news.ycombinator.com/item?id=39459762