Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Last night, Nvidia announced quarterly results that exceeded analysts’ estimates. The stock fell by as much as eight percent in after-hours trading. While investors were expecting perfection, the company’s results provided some complications in its financial forecast and the production of its Blackwell chips.
Nvidia beat estimates but did not over-deliver in its usual fashion. Revenues of $30 billion and profit of .68 per share marginally exceeded analysts’ estimates of $28.9 billion in sales and .64 in earnings per share.
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