z0mb1e1fy@alien.topB to Hardware@hardware.watchEnglish · 1 year 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 · 1 year agomessage-square41fedilink
minus-squareYearlaren@alien.topBlinkfedilinkEnglisharrow-up1·1 year agoSo why did the stock slip? Sell the news?
minus-squareplanes01@alien.topBlinkfedilinkEnglisharrow-up1·1 year 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-up1·1 year agoSo stock owners did sell the news
minus-squarejaaval@alien.topBlinkfedilinkEnglisharrow-up1·1 year 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-up1·1 year agoThat’s what I said in 2016 😮💨
minus-squareboissez@alien.topBlinkfedilinkEnglisharrow-up1·1 year 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.