Long $NVDA
Updated
You'd think that it's a gamble buying Nvidia shares pre-earnings, but not really.
Their financials look very good, YoY consistent profits, overall a healthy balance sheet. finance.yahoo.com/quote/NVDA/financials?p=NVDA
Nvidia pretty much beats earnings every time, they missed on revenue and guidance last time I heard and lost 13% in a day, but the slowdown in China affects everyone really, Nvidia is just being honest about it.
So far the company lost about 50% of its market cap, which to some presents a good opportunity to go long long-term.
And even if we assume that Nvidia will selloff after earnings, there's an option to hold and recover, since at the end of the day Nvidia is practically a monopoly in the GPU sector, for now.
Again most importantly I'm interested in what Nvidia is planning to do about their decline in cloud computing revenue, and their plans for the future.
Their financials look very good, YoY consistent profits, overall a healthy balance sheet. finance.yahoo.com/quote/NVDA/financials?p=NVDA
Nvidia pretty much beats earnings every time, they missed on revenue and guidance last time I heard and lost 13% in a day, but the slowdown in China affects everyone really, Nvidia is just being honest about it.
So far the company lost about 50% of its market cap, which to some presents a good opportunity to go long long-term.
And even if we assume that Nvidia will selloff after earnings, there's an option to hold and recover, since at the end of the day Nvidia is practically a monopoly in the GPU sector, for now.
Again most importantly I'm interested in what Nvidia is planning to do about their decline in cloud computing revenue, and their plans for the future.
Note
Out at market open.
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