Nvidia to report earnings this week: Here's what you need to know

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Published 2024-05-20
Paul Meeks, Harvest Portfolio Management co-CIO, joins 'Squawk Box' to discuss what to expect from Nvidia's quarterly earnings results, if there will always be upgrades from Nvidia, and much m

All Comments (21)
  • @kurtKking
    I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
  • @selenajack2036
    AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
  • @darrenphilip247
    Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
  • @BrettaANordsiek
    Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
  • Hey, I want to start investing but don't know where to begin. Any advice or contact?
  • @RossSpencer176
    Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance. Thank you!
  • @beachgal2023
    NVDA runway is long. No one is even close to catching them. The next 3-4 years will be fun
  • @MatthewMS.
    I called all of this years ago, just didn’t think it would be so beautiful and poetic. I was all in on Jensen in all the corrections 💚🖤
  • Stop raising the bar. Revenue of $26B is well above the $24B from Nvidia's own guidance.
  • That's the problem with these wall street analysts. Instead of listening to the company and their guidance, they just make up numbers for the companies instead.
  • 1) You can have a million chip designs, but you cannot exceed the manufacturing limit. Nvidia is TSMC's second largest customer after Apple. Where will all this extra manufacturing for the competition come from? 2) Everybody is trying to compete with Hopper. Nvidia is not only releasing Blackwell this year, but another chip next year. Nvidia is ahead of everyone. In an AI race, do you really want to opt out of the best, and give the edge to competitors? 3) Hyperscalers are developing their own in house chips. Nvidia's products are available to everyone not just one company, and all Nvidia GPUs are fully compatible. Once you start mixing different hardware/software around, you run the risk of compatibility issues. Nvidia is a complete turn key system with CUDA, which has millions of experienced programmers. 4) Hyperscalers can try to cut into Nvidia's business, but the knife cuts both ways. Nvidia can cut into their business by building out their own cloud service. They can also give preference to companies that are the most friendly to them, and arm them with the best products available. 5) Nvidia used to be known as a gaming company. Now, everybody is talking about AI. In reality, it has always been an accelerated computing company, and they'll continue to look for new opportunities to apply that. They already have autonomous driving, robotics, and the omniverse.
  • @user-ll9qk2el4d
    Nvidia isn't standing still. When other companies catch up to the performance of Nvidia's present days chips, Nvidia will be 3 years ahead with their next chips. My main concern with Nvidia is what will drive the company's growth when its data center business matures. That's the challenge.
  • @twyscape
    Love this. I’m also looking beyond the next few years and trying to figure out who will take the Ai mantle when NVDAs growth levels off.
  • @2023gainer
    EV / AI / Crypto and more.. FSRN..30 % increase early today. Fisker. Attractive, affordable, 4 unique features Ocean Suv EVs... NVDA... SoundHound...Lev 3 % gains ..Idex..9 %...Joby Evtol Jets.. Surf Air Mobility and more.
  • @303Lyons303
    Still got to power the LLM.. chips dont work with out it...🤔
  • @vijjreddy
    runway is very long, problem is not with runway (remember Sam Altman's estimate of 7 trillion in investments) only how quickly competition will catch up...and that also will take a long long time unless they find some way to eliminate the need for gpu-s with 100s of cores ...
  • @1daves
    The fact that he thinks Ai = “LLM build out” tells you he does know what he’s talking about.