$NVDA -
I have a question about Nvidia -
I am very confused by people coming out and shouting 'bubble' today after yesterday's report...
Nvidia is currently generating $30 billion in revenue per quarter!
Revenue of $10 billion per month!
And revenue of $2.5 billion per week!
More than half of that ($16.5 billion) is net income (!).
Add to this that in 2024 Nvidia expects to end with net income of $70 billion, and in 2025 net income of over $100 billion!
To say this is a bubble means it's similar to 2001, when a random dot-com company went public and earned $0...
Does this look like a bubble? What kind of bubble generates $30 billion in revenue with $16.5 billion in net income?
Comparing Nvidia to dot-com companies feels a bit flawed, those companies weren't real!
Are you going to call $30 billion in revenue in 90 days a 'fake company' now?
How is this a bubble when they beat estimates, raise guidance, have gross margins of 70%+, and every company doing something with artificial intelligence relies on them?
In any case, let's get back to reality: some investment firms are changing targets for Nvidia:
Morgan Stanley raises its price target to $150 from $144.
Bernstein raises its price target from $130 to $155.
Wells Fargo raises its price target to $165 from $155.
Goldman Sachs raises its price target to $135.
Mizuho raises its price target to $140 from $132.
BofA raises its price target to $165 from $150.
Raymond James raises its price target to $140 from $120.
J.P. Morgan raises its price target to $155 from $115.
Needham raises its price target from $120 to $145.
Does anyone else want to shout bubble?