Nvidia's Earnings Rally Sets Up End-of-Year Move

about 2 months ago

Michael

"Uh Nvidia reported last night one of the best earnings quarters I have ever seen any publicly traded company report. I think the setup was really interesting. The amount of doubt going into it. Not doubt about Nvidia, but doubt about the theme and whether or not it's gone too far. Nvidia went into the report in one of the biggest drawdowns it's ever been in, and then Jensen came out and did what he's been doing for the last 12 quarters straight: surprising to the upside, raising guidance, and calming nerves. This morning, you got a 9 or 10 point bump for the stock, and it feels like it sets up for a nice move for the end of the year."

The guest highlights Nvidia's stellar earnings performance and the subsequent positive market reaction. Jensen's consistent ability to raise guidance and calm investor nerves has contributed to a significant bounce in Nvidia's stock, suggesting that the sentiment correction could pave the way for a robust end-of-year move. The commentary underscores Nvidia's pivotal role in the AI-driven market and its potential to lead broader market trends.

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