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  • Stonks: $NVDA goes crazy, $RIVN short, $TSM, and anti-trust

Stonks: $NVDA goes crazy, $RIVN short, $TSM, and anti-trust

Author

Michael Luo
May 23, 2024

Here’s the latest “under the radar” stock news from Reddit in the last 24 hours that you don’t want to miss, as picked by Fluid Bot’s AI. And don’t miss out on the $NVDA deep dive at the end!

  • Nvidia CEO Jensen Huang says demand is strong, but supply cannot keep up

  • Transitioning from Hopper AI platform to Blackwell system

  • Quarterly results exceed expectations with revenue of $26 billion and adjusted EPS of $6.12

  • Expects revenue of $28 billion for current quarter

  • Announced 10-to-1 stock split and increased dividend to $0.10 per share

  • Nvidia stock rose 6% in extended trading

  • Seeing growth in sales to companies outside major cloud providers, including Meta and Tesla

  • Automotive industry is biggest user of Nvidia's data-center chips.

  • NVDA will face increasing competition as more customers design their own silicon

  • Stock won't tank, but growth will slow before settling at a more typical rate

  • TSM is the most advanced semiconductor fab in the world

  • TSM builds silicon for NVDA, Apple, and more

  • TSM is ahead on fab tech and has a huge moat

  • TSM's growth rate may surpass NVDA, AAPL, and other customers relying on them

  • Justice Department is filing an anti-trust lawsuit against Live Nation Ticketmaster

  • Live Nation's stock is down $6.52 in after hours trading

  • Justice Department seeks to break up Live Nation Ticketmaster

  • Rising ticket prices may not be justified, according to the poster.

  • US Justice Department and states suing Live Nation Entertainment Inc. for antitrust violations related to Ticketmaster's control of concert ticket sales

  • Suit expected to be filed in Southern District of New York

I read through $NVDA latest earnings (with the help of AI) so you didn’t have to. Here’s what you need to know:

🤖 Recommendations by AI 🤖:

  • Buy this stock if:

    • You think the AI hype train continues. What more is there to it?

  • Sell/don't buy this stock if:

    • You think NVDA won’t hit their sky high expectations.

🎉 Highlights 🎉

  • Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262% from a year ago 

  • Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and up 427% from a year ago

  • Blew expectations out of the water. Earnings Per Share: $6.12 adjusted vs. $5.59 expected, Revenue: $26 billion vs. $24.65 billion expected

  • Unveiled the NVIDIA Blackwell platform to fuel a new era of AI computing. Huang said that the company’s next-generation AI GPU, called Blackwell, would lead to more growth.

  • Nvidia also said that it’s increasing its quarterly cash dividend from 4 cents per share to 10 cents on a pre-split basis

Unknowns

  • How many customers will buy & replace their current NVIDIA hardware with Blackwell

  • Who knows how long the AI hype train will last!