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Nvidia stock pops 4% after earnings beat forecasts, announces stock split and dividend hike
Yahoo Finance ^ | 5/22/24 | Daniel Howley

Posted on 05/22/2024 2:03:46 PM PDT by CFW

Nvidia (NVDA) reported first quarter earnings after the bell on Wednesday that topped expectations while also announcing a 10-for-1 stock split and an increased dividend, following some of its Big Tech peers in doling out heftier quarterly payments to shareholders.

The company reported adjusted earnings per share (EPS) of $6.12 on revenue of $26 billion, a jump of 461% and 262%, respectively, from a year ago.

Analysts were expecting adjusted EPS of $5.65 on revenue of $24.69 billion, according to data from Bloomberg. The company reported adjusted EPS of $1.09 on revenue of $7.19 billion in the same quarter last year.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: earnings; nvidia; stocksplit
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To: TexasGator

Do you understand why stocks split?


21 posted on 05/22/2024 3:04:25 PM PDT by eyedigress
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To: Blue Highway

“On earlier streaming platforms there was areas that showed all the indexes, as well as top leaders and losers but nothing like that on Think or Swim.”

Those basics are shown even on non-trading business sites. I can’t believe they are not there.


22 posted on 05/22/2024 3:05:59 PM PDT by TexasGator
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To: eyedigress

“Do you understand why stocks split?”

Yes.


23 posted on 05/22/2024 3:07:16 PM PDT by TexasGator
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To: CFW

“At $100 I can buy enough shares to watch it and have fun.”

I watch the dollars. That is where the fun is. I care less about the number of shares.


24 posted on 05/22/2024 3:15:02 PM PDT by TexasGator
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To: chrisinoc
Glad I listened to Charles Payne in 2019 and bought Nvidia stock.

šŸ‘šŸ‘šŸ‘ Charles is the man!

25 posted on 05/22/2024 3:23:38 PM PDT by mac_truck (aide toi et dieu t'aidera)
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To: TexasGator
Here's a screen shot of Think or Swim.

Here's a random pic of Scottrade Streamer from like 20+ years ago. Indexes are at the bottom of the screen but later versions had it customizable where you wanted it.


26 posted on 05/22/2024 3:25:58 PM PDT by Blue Highway
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To: CFW

Where can you find the indexes? S&P, Nasdaq, Dow Jones etc? Something that basic should be a standard part of the platform. Also where is the section that shows the day leaders by +/- price change, or be able to sort it by % change? I don’t see an option to do this in Think or Swim.


27 posted on 05/22/2024 3:31:55 PM PDT by Blue Highway
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To: eyedigress
I had more info at my fingertips on my old Samsung S5 with the regular TD Ameritrade app. Here's what I'm talking about.

I got more functionality on the mobile regular TD Ameritrade app, than the current Think or Swim desktop app on my laptop. Weird.

28 posted on 05/22/2024 4:05:49 PM PDT by Blue Highway
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To: TexasGator

Yup!

Nonetheless, this is a really good 10-Q. You just don’t generally get that kind of YoY from a large/mega-cap.

That said - a 10:1 rather than 5:1 does give me a bit of pause.

Don’t get me wrong; as a shareholder, I’ve got nothing but kisses for Jensen Huang... however, I get leery of investments that move out of their comfort zone.

Wish I were a genius, but I’m not - I jumped into NVDA a fair bit back (2019/2020). I’m a fairly classic Buffett-style investor: Buy and hold, find equities in a growing space who are best-in-class, etc. I bought into NVDA because the chip space - and particularly, NVDA’s old bailiwick of GFX - were lapping competitors and the space was growing. I bought in further when they got a bump from alt-use of chips for crypto mining - and liked that they saw it as nothing more than a happy blip, but not part of their longterm strategy. I didn’t expect the AI revolution nor NVDA’s leadership in it.

By splitting 10:1 (rather than a more conservative 5:1 or whatever), they’re looking for liquidity... and that means it’s time to start looking elements *beyond* their pure market space and market space leadership.

It can be done - Apple transitioned from a future visionary to an Operations expert to maximize efficiency to, well, what they are now: price support via a pile of cash (read: buybacks) + a relatively safe, albeit no longer growing or exciting revenue stream.... Call it the IBM track.

Feels like a crossroads to me for NVDA - and to be honest? I’m not entirely sure what I think about it going forward!


29 posted on 05/22/2024 4:26:48 PM PDT by Capn Hayek (Capital is not responsible for Labor's lack of planning)
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To: Capn Hayek

“Feels like a crossroads to me for NVDA - and to be honest? Iā€™m not entirely sure what I think about it going forward!”

I am neutral right now but NVDA has a great future.


30 posted on 05/22/2024 4:30:38 PM PDT by TexasGator
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To: eyedigress

Just watched this video and it seems I am correct. There’s no way to do what I want. This is a basic streaming platform. Worse than the original Ameritrade desktop app I used back in 2000 when I was still using Windows XP


31 posted on 05/22/2024 4:52:31 PM PDT by Blue Highway
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To: Blue Highway
Think or Swim web platform introduction
32 posted on 05/22/2024 4:55:00 PM PDT by Blue Highway
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To: Zathras

Me too!


33 posted on 05/22/2024 5:00:48 PM PDT by JaguarXKE (Liberalism is a cancer on our nation.)
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To: TexasGator

Oh, I think so too - like I said, that kind of growth from megacap is pretty unicorn.

But, in a vacuum - there’s always a price point on an equity where you might be better off with something more slow and boring :-). My comment is less about the wisdom of taking some profits - I’m not planning to do that - and more about the go-forward. Insert standard language about financial advice here!

If I were as good at this stuff as I wished, I’d be writing this from the private island in the Caribbean I owned.

Even if capitalism wasn’t so good to me - and such a good thing for *everyone*, even those who don’t appreciate it... this is another reason I love it. It’s just really fascinating.


34 posted on 05/22/2024 5:10:17 PM PDT by Capn Hayek (Capital is not responsible for Labor's lack of planning)
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To: utax

I bought NVDA at $61 in 2020. Heh.


35 posted on 05/23/2024 6:37:30 PM PDT by goorala (Never accept an idle offer)
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