Tesla Investor Says Nvidia Is 'Wildly Undervalued' After Record Earnings: 'Returning Tons Of Capital To Shareholders'
Portfolio Pulse from Benzinga Neuro
Tesla Inc. investor Ross Gerber praised Nvidia Corporation (NASDAQ:NVDA) for its performance and AI expansion, calling it 'wildly undervalued' after a record quarter. Nvidia's Q4 earnings exceeded forecasts with non-GAAP EPS of $5.16 and revenue of $22.10 billion, marking a 265% year-over-year growth. The company's success in AI and gaming has led to a 529% increase in shares, rebounding from a previous 68% decline. Gene Munster highlighted Nvidia's long-term growth potential in the AI sector.
February 22, 2024 | 5:32 am
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Nvidia Corporation praised by Tesla investor Ross Gerber for its record quarter and AI expansion, described as 'wildly undervalued'. Q4 earnings surpassed expectations with significant year-over-year growth.
The positive remarks from a notable investor like Ross Gerber, combined with Nvidia's impressive Q4 earnings report, are likely to generate positive sentiment among investors. The company's significant growth in AI and gaming, along with its ability to exceed earnings forecasts, positions it favorably for short-term stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100