Nvidia's Explosive Q2: AI Demand Soars and Shares Shine!

NVIDIA ($NVDA)'s Q2 results dazzle with soaring demand for AI, plus a new buyback program hinting at undervalued shares (485.67 +14.51).

NVIDIA ($NVDA +3%) delivered a smashing Q2 report, exceeding expectations and affirming the AI craze's strength. As the go-to GPU supplier for AI giants, NVDA proved its worth. Despite concerns about its valuation, trading at 18x FY25 sales, NVDA crushed it, posting a 429% YoY surge in earnings to $2.70 and a 102% jump in revenue to $13.51 billion. Q3 guidance looks equally robust at $15.68-16.32 billion. Plus, they're buying back $25 billion in shares, a clear sign they think their stock is a steal.

The Data Center segment shone, up 171% YoY to $10.32 billion. Cloud titans like AWS, Google Cloud, and Microsoft Azure gobbled up NVDA's HGX AI supercomputers. China played its part, contributing its usual 20-25%. Export restrictions in China won't bite immediately, but long-term, they could.

Gaming rebounded, with sales up 22% YoY to $2.49 billion, thanks to back-to-school laptop sales. Professional Visualization lagged YoY but leaped 28% sequentially. Automotive grew 15% YoY but dipped 15% sequentially, mainly due to China's sluggish demand.

NVDA's Q2 wasn't as jaw-dropping as last time, but it cements AI's demand. Rivals like Intel and maybe Apple won't back down, but NVDA's firmly planted in AI's future. The AI goldmine beckons, and NVDA's leading the way.

Watch video to get the technicals.

Good Trading!

Trading Risk Disclaimer

All the information shared is provided for educational purposes only. Any trades placed upon the reliance of SharperTrades, LLC, are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward in trading stocks, cryptos, commodities, options, forex, and other trading securities, there is also a substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC, is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests, or any other trading securities.

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The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr

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