The stock is up $5.87 (+2.98%) at $203.06
The pattern is called a megaphone, it's usually bad for longs but I think we've already seen that, eh what?
Here's TheStreet, Nov. 14/updated Nov. 15 with some things they will be looking for:
...1. Early Turing Gaming GPU Demand
Nvidia unveiled the first gaming GPUs based on its Turing architecture in late August; the two most powerful GPUs in the lineup, the RTX 2080 Ti and RTX 2080, began shipping in September, while the less powerful RTX 2070 began shipping in October....
...2. Inventories, CPU Shortages and Tariffs
Nvidia said in August that it's "projecting no contributions" going forward from sales of GPUs meant specifically for cryptocurrency miners. However, like rival AMD (AMD) , some of Nvidia's gaming GPUs also wound up being used by crypto miners. And with AMD having stated in October that a drop-off in crypto-related GPU demand has led to elevated graphics card inventories at channel partners, it's possible that Nvidia is seeing a similar dynamic play out...
...3. Datacenter Segment Sales
The October quarter was likely another strong one for Nvidia's Datacenter segment: The consensus is for Datacenter revenue to be up 64% to $820 million, after having grown 83% to $720 million in the July quarter....MUCH MORE
Giant investments by cloud giants in AI training and (to a lesser extent) inference systems containing Nvidia server GPUs have helped out. Enterprises, meanwhile, have been both upping their AI training investments off a relatively small base and continuing to spend more on GPU-powered high-performance computing (HPC) systems in fields such as chemistry, fluid dynamics and medical research. Nvidia announced earlier this week that 127 supercomputers on the latest Top500 list feature its GPUs, up from 86 a year ago....
If interested see also November 13's:
Susquehanna Says Nvidia's Earnings Report Will Disappoint This Week But Gives It An Upgrade Anyway (NVDA)
