NVIDIA's earnings report was as predicted, very strong, but isn't it strange? Why doesn't Wall Street buy it? Actually, before the earnings came out, those people were saying they only cared about Q1 guidance. Although the results beat expectations, they didn't massively exceed expectations by over 80 billion.

The core issue is: how can you guarantee that Meta, Google, Microsoft, and Amazon will continue their massive spending next year to ensure your revenue? And how do you think your partners can make money, thereby ensuring they continue to buy your chips? The answers on the earnings call were disappointing. You can check the detailed responses.

Also, they've started to include stock-based compensation, which will definitely affect next quarter's gross margin calculation.

As for why I'm very disappointed, it's because NVIDIA didn't continue to publicly disclose the backlog like they did last time, nor did they explain the AI equipment procurement plan for the next quarter. I had hoped they would address this on the call (which would have been positive for Micron), but they didn't. Nothing they said had any highlights overall, which is why memory stocks have basically corrected. But it's not a big problem because South Korea has already legislated to keep the stock market rising. Memory stocks are all in the same boat: when one rises, the others rise; when one falls, the others fall. This is also one of the reasons for last night's rise. There should be intense volatility tonight. Make money during the volatile period, and if you lose money, don't panic. Wait for the market to turn. The memory sector's positive outlook remains intact.

$Micron Tech(MU.US)$Western Digital(WDC.US)$Sandisk(SNDK.US)$NVIDIA(NVDA.US)$Alphabet(GOOGL.US)$Amazon(AMZN.US)