this post was submitted on 22 Nov 2023
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Nvidia Q3 Earnings Explode On Surging Data Center AI And Gaming Demand (www.forbes.com)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 10 months ago (4 children)

So why did the stock slip? Sell the news?

[–] [email protected] 1 points 10 months ago

Stocks are forward looking. The fact that they did well last quarter is nice and all but they were predicting drops in sales in China. So the market reacted by dropping Nvidia price.

[–] [email protected] 1 points 10 months ago (1 children)

It was priced in already

[–] [email protected] 1 points 10 months ago

So stock owners did sell the news

[–] [email protected] 1 points 10 months ago (1 children)

Nvidia stock has been priced for about tenfold growth already. Unless they literally grow 1000% there is little reason for the price to move.

[–] [email protected] 1 points 9 months ago

That's what I said in 2016 😮‍💨

[–] [email protected] 1 points 10 months ago

Probably because every large LLM provider is trying to develop their own silicon to run their models.