I believe decreasing margins should be expected. Nvidia is no longer the only game in town. Even at their current margins, they are still high. I would expect them to settle in around 58%. I know the peanut gallery disagrees but one can't argue with trends or SP. They can complain all they want but live with it or leave it.
. … less than stellar magnitude of the earnings beat is concerning in the short term
What an amazing insight!
Less than 12% of the SNP 500 companies had total earnings for the quarter the match or exceed just the earnings beat the Nvidia had for the quarter.
Note: I’m not talking about their earnings for the quarter. I’m talking about their earnings beat for the quarter and the vast majority of the S&P 500 companies can’t come anywhere close to just their earnings beat.
With your insight, I suspect you don’t have any problem paying all of your taxes. :-) Good luck
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