YOU NEED TO SEE!!! Where does NVDA STOCK PRICE go from here?!!

YOU NEED TO SEE!!! Where does NVDA STOCK PRICE go from here?!!
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Welcome to the latest video on our channel! In today’s discussion, we’re diving deep into Nvidia’s recent earnings report, and trust me, the numbers did not disappoint. I’m your host, Dr. Stock, and I’ve got some fascinating insights to share with you about Nvidia’s performance and its impact on stock prices.

Before we dive in, I want to take a moment to express my heartfelt gratitude. A huge shoutout to my family for their unwavering support and the sacrifices they’ve made. And of course, a special thanks to each one of you who tunes in to watch my videos. Your support means the world to me, along with the incredible patrons and supporters who’ve joined me on this journey. Your clicks on the like and subscribe buttons truly keep the energy flowing, and for that, I’m incredibly thankful.

Now, let’s shift our focus to Nvidia’s earnings report for the second quarter of fiscal 2024. Remember, their fiscal calendar is a bit ahead, so this report covers Q2 2023, essentially ending in late July. Hold on to your seats, because the numbers are mind-blowing. Even for a well-established company, Nvidia managed to achieve an astonishing 88% increase in top-line revenue compared to the previous quarter. It’s innovation at its finest.

Digging deeper, Nvidia’s data center revenue soared, making up a remarkable 25% of their total revenue, a whopping 141% surge from Q1, and almost 50% higher than the prior quarter. This growth trend has even tripled compared to a year ago. And don’t even get me started on the earnings per share. We’re looking at an incredible jump to $7.29 from just $1.09 in the last quarter. That’s over five times the earnings from a year ago.

Now, let’s talk about the outlook. Nvidia’s projected revenue of $16 billion is an 18% increase, indicating strong demand and pricing power. This company is positioned for greatness, and the potential is undeniable. I firmly believe that Nvidia’s AI infrastructure dominance is here to stay, as the demand for their products and services continues to soar.

When it comes to stock price predictions, I’m optimistic. While external factors like market sentiment play a role, trading above $500 for Nvidia seems feasible in the near future. The company’s financials are robust, and its growth trajectory is promising. There might be fluctuations, especially given the current market landscape, but Nvidia’s fundamentals are strong.

As I’ve said before, learning is earning, and I’ve put in the work to analyze these numbers thoroughly. I’m thrilled to have been on point with my previous predictions, and I’m excited to roll out even more comprehensive insights in the future. If you’re interested in accessing my exclusive research and forecasts, check out the link in the description to join my patron community. It’s an opportunity to learn, grow, and make informed decisions together.

That wraps up this discussion on Nvidia’s remarkable earnings report. Thank you for joining me, and I look forward to seeing you in the next video!

Dr. Stocks content is for entertainment only. In no event will Dr. Stock be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of Dr. Stock content on YouTube. Dr. Stock is not a licensed broker/financial planner. All financial decisions made by the viewer should be done after talking with a licensed professional. Dr. Stocks video content may change over time, or become outdated or invalid. Dr. Stock reserves the right to change his opinions and entertainment content at any time. Happy trading! Let’s all strive for financial freedom!

#techEarnings #aistocks #nvidia

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12 thoughts on “YOU NEED TO SEE!!! Where does NVDA STOCK PRICE go from here?!!”

  1. Could not predict it would go down to $400 as you did! Great job! I did buy some shares at ~$400! I only had few percentage in my portfolio at ~$250. Now, I have ~10%. If I did not sell NVDA shares last year when it kept going down to $100, I would have ~20% in my portfolio at ~$250 by now!

    I expected NVDA would crash due to very poor graphics card sales last quarter so I could buy it at very low price. But I was wrong.

    I have the same view as you, Nvidia will do well for years. It is monopoly for now. I also hold AMD and it is the closet competitor to Nvidia in AI field. I hope AMD gets 10 to 20% of AI market share.

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