NVIDIA
Long

NVDA - November 18, 2020

135
NVDA reported today after the bell and beat with record quarterly revenue of $4.73B (+57% yoy), record gaming revenue of $2.27B (beat consensus by 37%) and record data revenue of $1.90B (beat consensus by 5.6%). They also beat on EPS. Guiding Q4 revenue to be $4.8B. NVIDIA entered into a definitive agreement with to acquire Arm Limited for $40 billion.

"We are positioning NVIDIA for the age of AI, when computing will extend from the cloud to trillions of devices."

Looking for NVIDIA to dip to the 500 level for a long term buy.

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