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maybe an ann fitting us in here somewhere would be what the Dr. Ordered.............we can only speculate because we have no idea what is happening in the background with regards to custom made chips

Nvidia (NVDA) – Reports after the close, Wednesday

Just 48 hours after securing the No. 4 spot on the tech giant ladder of largesse, the US chipmaker Nvidia (NVDA) eased past Alphabet’s (GOOG) market cap on Wednesday to become the No 3 largest US market capped business.

Hard to believe, that back in October 2022, Nvidia was going for about $109 a pop.

Since then, the Wall Street darling has gone up 6.5x.

The most recent run was fuelled by the news it’ll make custom AI chips for it’s new kin – Microsoft, Amazon, Meta, Google, and OpenAI.

All of these but Amazon are already greedy buyers of Nvidia’s tight supply of chips.

Naturally the stock’s been surging happily ahead of this week’s much-awaited Q4 earnings report.

The AI pin-up play has seen its value more than triple since February 23 last year, when * first presented Nvidia Week.

At circa 50% this year alone, NVDA’s YTD gains have mercilessly crushed all contenders – and that includes the 5% rise in the S&P500, which has made the index a record breaker.

The AI chip darling has soared 222% in one year, 390% over three years and 1,920% since 2019…

Via Morningstar

Expectations are high

Expectations this week are high.

The Street currently expects Nvidia to earn US$4.56 per share (EPS) on revenue of US$20.38bn. That’s against last year’s cracking, although suddenly lacking, 88 US cents from revenue of US$6.05bn.

According to Nasdaq’s Richard Saintvilus, companies are scrambling to identify AI opportunities and/or establish their generative AI capabilities to either improve their market position or operate their businesses more efficiently. However, very few companies, particularly from an enterprise perspective, can realistically say they are where they want to be for widespread use.

“That is where Nvidia comes in. Nvidia’s chips will help these corporations achieve their AI objectives, whether it be via productivity gains or efficiency from AI automation, suggesting there is still an extremely long growth runway ahead. When adding the company’s revenue totals for the first three quarters of the year and factoring its Q4 guidance, Nvidia is projected to deliverer fiscal 2023 revenue of close to $60 billion.”

Thinking of taking the profits, consider this, Saintvilus says – despite the strong stock performance, NVDA shares appear cheap.

“This is because, as the stock has risen, the company continue to raise its profit forecast, demonstrating that the euphoria surrounding artificial intelligence (AI) and generative AI is more than just hype.”

With Nvidia stock trading at a mere 24x current forward estimates, the sky might be the limit for this one, but in this rarified air, NVDA can’t miss a beat on Wednesday, literally.