📈These Earnings Results are Critical

The market will respond to this.

Nvidia Earnings

Nvidia released earnings after market close today and closed up over 9%.

Here’s the key info you need to know.

Earnings Results

Nvidia’s earnings were stellar. They beat expectations by a significant margin and made positive comments about the business. Here are the key numbers:

• EPS: $5.16

• Revenues: $22.1B

• Gross Margin: 77% (!)

They commented that they are still ramping up production because they are unable to meet demand for their H200 GPU.

This is a sign that the stock is very healthy if you are looking out long term as they have a ton of demand to meet still while delivering great results right now.

They also guided higher for Q1 2024. I would expect target price raises based on these earnings.

I walk through the earnings report and what you need to know in more detail in this 5 minute clip: