I didn't want to write this article at first because I thought I had already said everything there is to say about Nvidia, and I had made it clear enough, without much more to add. But because so many friends are interested in this stock, I have received numerous inquiries in the past few days, with nearly ten just this morning. To save time in repeatedly answering, I cannot avoid writing this article.
Before the earnings release, I have already mentioned that the main focus of this earnings is not the Q4 performance, because it is bound to be impressive. The key is the Earning Call Guidance, which is the management's outlook for the next quarter.Q4 performance is outstanding, with revenue and profit exceeding market expectations.This is beyond doubt.As for the next quarter, the guidance given by the management is $24 billion, also exceeding market expectations and higher than my expectations ($22.5 billion), indicating that Nvidia's sales in the next quarter are still guaranteed.But as I often say,Nvidia's revenue shows a stronger cyclicality.Therefore, in the past few quarters and even the next one or two quarters, sales cannot represent much. In 2023, Nvidia's Q2 AI revenue will start to surge, mainly because major companies are starting from scratch in AI layout, investing heavily to build their own supercomputers to cope with the AI wave. Tesla's supercomputer Dojo already uses 10,000 Nvidia H100 GPUs, costing hundreds of millions of dollars. But the problem is...