Crazy drop today. Loaded up on NVDA

BlacknBlue said:
I had my assistant do inventory checks across North America and a lot of private computer shops are sold out of a lot of common nvda gpu's and a lot of consumers are forced into buying the super version of the video cards that they want or a similar upgrade. There is a serious backlog on regular cards.

Their cloud/data/wholesale gpu arm should at worst be neutral but the long term default has usually been positive.

I have trailing stops $365-$385 but I'll most likely be out 100% Friday morning regardless of price.
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You're basing a long trade on NVDA based on inventory levels at the consumer level?

Kudos to you on the Lynchian spirit, but you really need to listen to a few past conference calls.
People buying new desktops is not an impetus for moving this stock.
 
What conference calls are you referring to with what specific comments relating to nvda... Not sure how you expect one to respond to a blanket statement.

If stores are backlogged on common gpu's and consumers are forced to buy the upgraded versions of a similar GPU then this should be an indicator that manufacturers still can't keep up with the demand of the product which should result in better than expected earnings........ If selling more products don't move stocks then I don't know what does lol.
 
BlacknBlue said:
What conference calls are you referring to with what specific comments relating to nvda... Not sure how you expect one to respond to a blanket statement.

If stores are backlogged on common gpu's and consumers are forced to buy the upgraded versions of a similar GPU then this should be an indicator that manufacturers still can't keep up with the demand of the product which should result in better than expected earnings........ If selling more products don't move stocks then I don't know what does lol.
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Because consumer products are a very small percentage of their top-line.
From their latest report:

Our Businesses
Our two reportable segments - GPU and Tegra Processor - are based on a single underlying architecture. Our GPU product brands are aimed at specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. Our Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for game consoles and mobile gaming and entertainment devices.

GPU

∙

GeForce NOW for cloud-based gaming


∙

Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications


∙

Tesla for AI utilizing deep learning and accelerated computing, leveraging the parallel computing capabilities of GPUs for general purpose computing


∙

GRID to provide the power of NVIDIA graphics through the cloud and data centers


∙

DGX for AI scientists, researchers and developers


∙

EGX for accelerated AI computing at the edge





Tegra Processor

∙

Tegra processors are primarily designed to enable branded platforms - AGX and SHIELD


∙

SHIELD devices and services designed to harness the power of mobile-cloud to revolutionize home entertainment, AI and gaming


∙

AGX is a power-efficient AI computing platform for intelligent edge devices, including:




- DRIVE AGX for self-driving vehicles




- Clara AGX for medical instruments




- Jetson AGX for robotics and other embedded use

________________________________________________________________

I mean no disrespect, but your observation, while it may be 100% spot on, is synonymous to saying buy Proctor and Gamble because all the stores I go into are sold out of Vicks cough-drops.
 
I don't know what you're talking about. GPU's represent ~76% of their revenue and consumer grade GPU's bring in ~47% of their total revenue. It's literally their largest segment.
 
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Summary: Gaming segment up 25% year over year. Work from home, learn at home, and gaming drove a surge in e-tail demand. Earnings ended up 6.5% higher than estimates.
 
BlacknBlue said:
I assumed Nvidia would hold up as well since their earnings is on Thursday. Didn't mind buying more shares as it fell at these prices. If the market is flat over the next two days I'm expecting a 6-10% gain between tomorrow and Friday morning based on today's closing price.
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are you holding or did you sell, if sold what was your net % profit
 
Holding and expecting a gap up to $360-$362. If the market is weak in the morning I'll just need to get rid of it at whatever. I'll need to close the position into the long weekend regardless.
 
BlacknBlue said:
Holding and expecting a gap up to $360-$362. If the market is weak in the morning I'll just need to get rid of it at whatever. I'll need to close the position into the long weekend regardless.
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Pretty flat after hours. I don't see a gap up happening. What I see happening is all the people like you that bought waiting to go into earnings, rushing to hit the exit(like you plan to tomorrow).
 
Amun Ra said:
Pretty flat after hours. I don't see a gap up happening. What I see happening is all the people like you that bought waiting to go into earnings, rushing to hit the exit(like you plan to tomorrow).
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I believe this could be likely after watching after hours. The stock got too hot too fast past few weeks. Had to try!
 
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