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Nvidia is the #1 Artificial Intelligence stock.
That’s why everyone was watching night’s earnings report.
Nvidia shares were down 2% this morning – despite huge growth and beating analyst expectations. Its biggest gains are likely in the past.
That’s why tech insiders are betting on the Oppenheimer Project. And 5 hidden AI stocks could jump 313% – 1,355%.
Let’s dig into Nvidia’s quarterly results…
- Revenues: $30.04 billion vs. $28.7 billion estimate
- Earnings Per Share: $0.68 vs. $0.64 estimate
Revenues grew 122% and EPS grew 168%.
This is mind-blowing growth.
Nvidia is HUGE. It’s the 2nd most valuable company in the world. And this pace of growth is truly remarkable.
The company expects revenues in the current quarter to be $32.5 billion.
That’s nearly $1 billion above analyst estimates. And represents an 80% increase from last year.
Additionally, Nvidia will begin shipping its next generation Blackwell chip Q4. And the company expects billions in revenues from this chip.
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So, it begs the question…
“Why is Nvidia stock falling after earnings?”
While Nvidia beat the official consensus analyst estimates…
The “whisper numbers” from Wall Street were a bit higher.
Nvidia has been beating revenue estimates by $1.5 – $2 billion in recent quarters. And this quarter’s results fell slightly below that unofficial expectation.
Critics also wanted more specifics on Blackwell revenue projects. And felt that the company should have been clearer on revenue expectations.
Frankly, this is just nit-picking.
Nvidia put up an amazing quarter.
Shares were down as much as 8% in after-hours trading on Wednesday. By Thursday morning those losses have been trimmed to just 2%.
Nvidia earning aren’t pulling down the tech sector.
The Nasdaq is up 0.8% this morning. And every major tech stock is posting gains of 1% – 3%.
Here’s the bottom line…
Nvidia put up another very, very solid quarter. The company beat expectations and raised guidance. Plus, we now know that delay issues with Blackwell are in the rear-view mirror.
I’m not reading too much into today’s small drop for NVDA shares.
The AI revolution remains 100% on track. Nvidia is one of the big winners.
I’m expecting that the NVDA will trade at $150 per share within the next 12-months.
It’s not too late to profit from the multi-year AI boom.
Frankly, Nvidia stock could rise +23% from the current share price.
Yet my research has identified 5 hidden AI stocks that could jump anywhere between 313% to 1,355%.
EVERYONE is focused on Nvidia.
And NOBODY is jumping into these next AI winners.
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Ian
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