z0mb1e1fy@alien.topB to Hardware@hardware.watchEnglish · 10 months agoNvidia Q3 Earnings Explode On Surging Data Center AI And Gaming Demandwww.forbes.comexternal-linkmessage-square41fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkNvidia Q3 Earnings Explode On Surging Data Center AI And Gaming Demandwww.forbes.comz0mb1e1fy@alien.topB to Hardware@hardware.watchEnglish · 10 months agomessage-square41fedilink
minus-squareYearlaren@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoSo why did the stock slip? Sell the news?
minus-squareplanes01@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoStocks are forward looking. The fact that they did well last quarter is nice and all but they were predicting drops in sales in China. So the market reacted by dropping Nvidia price.
minus-squareYearlaren@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoSo stock owners did sell the news
minus-squarejaaval@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoNvidia stock has been priced for about tenfold growth already. Unless they literally grow 1000% there is little reason for the price to move.
minus-squarechapstickbomber@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoThat’s what I said in 2016 😮💨
minus-squareboissez@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoProbably because every large LLM provider is trying to develop their own silicon to run their models.
So why did the stock slip? Sell the news?
Stocks are forward looking. The fact that they did well last quarter is nice and all but they were predicting drops in sales in China. So the market reacted by dropping Nvidia price.
It was priced in already
So stock owners did sell the news
Nvidia stock has been priced for about tenfold growth already. Unless they literally grow 1000% there is little reason for the price to move.
That’s what I said in 2016 😮💨
Probably because every large LLM provider is trying to develop their own silicon to run their models.