Wild times guys. To summarize, NVDA reported super bullish guidance for coming quarters, average yearly estimate was $30B in revenue, which may now be somewhere between $40B-$50B. We will be seeing lot of upgrades from analysts in coming days. I am still puzzled as to how this was already not priced on with almost 100% run in last 6 months alone. Now stock is up another 26%.
Amazon will be doing ~$550B in revenue in 2023 alone with low teen growth next year. And their market cap is between $1T-$1.1T.
Can someone help me understand how NVDA has such a low short interest at these level? And literally everyone thinks this all makes sense? (Excluding redditors) i am talking about institutional investors, because at these level, they are the one moving the needle. And they clearly loading this up big time. At least for TSLA when it went on this insane run, there was lot of short interest, then S&P 500 inclusion hype, stock split, EV demand surge and 0% interest rate.
Trying to figure out what these fund managers are seeing for bull case for NVDA.
[link] [comments] https://www.reddit.com/r/stocks/comments/13r5llm/nvda_may_surpass_amzn_within_weeks/
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