In a rollercoaster ride for investors, Nvidia, a colossal $1.2 trillion company, briefly witnessed a nearly 7% dip in its stock after posting stellar Q3 results exceeding expectations. With revenue at $18.1 billion and EPS at $4.02, the top 10 largest company in the world showcased its ability to move significantly, rallying nearly 30% in just three weeks leading up to the earnings release. The stock, currently trading within a massive 10% range over a mere 5 minutes, highlights the incredible volatility surrounding this tech giant. As the market watches with bated breath, all eyes are on the imminent press conference for insights into the factors driving this remarkable stock performance.
$NVDA rallied nearly 30% in 3 weeks leading up to today's earnings results.
The ability for this stock to move, being one of the top 10 largest in the world, is incredible.
All eyes are on the press conference.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) November 21, 2023
NVIDIA EARNINGS JUST OUT $NVDA
*NVIDIA 3Q REV. $18.12B, EST. $16.09B ( BEAT ✅ )
*NVIDIA 3Q ADJ EPS $4.02, EST. $3.36 ( BEAT ✅ )
*NVIDIA 3Q ADJ GROSS MARGIN 75%, EST. 72.5% ( BEAT ✅ ) pic.twitter.com/GABA04rjU6
— GURGAVIN (@gurgavin) November 21, 2023
— Brett Simba 🦁 (@BrettSimba) November 21, 2023
After hours NVDA beats again.
Last time they beat, semis opened higher, then imploded, rallied five days, then collapsed (blue square). pic.twitter.com/IJdsPSasJR
— Mac10 (@SuburbanDrone) November 21, 2023