Wallstreetcn
2024.05.23 03:42
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Analysts sigh: In life, besides death, paying taxes, and NVIDIA's financial report exceeding expectations, everything else is uncertain!

NVIDIA's explosive new financial report has sent Wall Street into a collective frenzy: the party has begun

Once again, Master Huang did not disappoint his followers.

NVIDIA's new financial report released last night made Wall Street as happy as a child: Q1 revenue surged by 260%, and profits increased sixfold.

After-hours stock prices also rose by 6%, reaching a historic high. If nothing unexpected happens, NVIDIA's stock price is expected to break through $1000 at the opening on Thursday.

This money-making machine is running again, oh no, it's the feeling that excites investors.

Even the once evergreen Apple, recently saw a decline in revenue due to slow entry into AI and lack of major breakthroughs in products, leaving investors slightly disappointed.

Now, you can count on NVIDIA.

NVIDIA is like the goddess at the center of the AI storm, every move affecting investors' hearts.

As the leader of the US stock market, the hope of the whole village, the chief gold digger of AI, GPU expert, son of AI, Cuda guardian, chief spokesperson of the leather jacket party, if NVIDIA's revenue or profit growth slows down, it could potentially impact the massive investments of US tech giants in data centers, influence venture capitalists' bets on AI startups, and even create a few bumps on the road of the US stock market's bull run of more than a decade.

Moreover, NVIDIA's CEO Huang Renxun mentioned that the Blackwell architecture chips are expected to bring in a large amount of revenue this year. Following Blackwell, NVIDIA will also launch a stronger new generation chip architecture later this year, maintaining a super-fast pace of annual updates.

This has kept Wall Street full of expectations for NVIDIA, knowing that under the leadership of Master Huang, NVIDIA will never stand still and will continue to leap forward vigorously in the future.

Even the world's largest cloud computing platform, Amazon's AWS, announced yesterday that it will pause the purchase of NVIDIA's current Grace Hopper superchip, waiting for the latest model to be launched by NVIDIA later this year.

When it comes to electronic products, it's best to buy new ones rather than old ones.

Gene Munster from Deepwater Asset Management exclaimed, "NVIDIA's followers are getting excited! And this is just the beginning, the NVIDIA craze will last longer than most people imagine."

On social media X, today is NVIDIA's show.

"When Master Huang announced NVIDIA's earnings...."

"My eyes are all on NVIDIA" Renowned analyst Dan Ives from the investment bank Wedbush also shouted out during an interview on Wednesday: "The party is just getting started. We are now discussing a future valuation of NVIDIA of 3 to 4 trillion, and there are no signs of slowing growth."

Ives even compared the current state of artificial intelligence to "1995", implying that the development of AI will eventually achieve the same technological overflow as the Internet did back then, leading to astonishing social changes.

For example, NVIDIA announced a partnership with PC giant Dell on Wednesday, making significant efforts in AI infrastructure and benefiting related AI infrastructure, software, and service companies.

In the past, people used to joke that there are three things Koreans cannot escape in life: death, taxes, and Samsung.

Now, Ryan Detrick, Chief Market Strategist at Carson Group, also jokes about NVIDIA: in life, besides death and taxes, you cannot escape the surprise of NVIDIA's earnings exceeding expectations