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Nvidia's All-Time High Sparks Social Media Frenzy: 'Just Waiting For The Incoming Gravy'

Published 23/05/2024, 21:24
© Reuters.  Nvidia\'s All-Time High Sparks Social Media Frenzy: \'Just Waiting For The Incoming Gravy\'
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Benzinga - by Surbhi Jain, .

NVIDIA Corp (NASDAQ:NVDA) recently announced its financial results for Q1 2025, and the response from both investors and analysts has been nothing short of exuberant.

The company reported better-than-expected earnings, prompting a significant surge in its stock price. Let’s take a closer look at the social media reactions to this groundbreaking news.

The Nvidia Stock Surge

NVIDIA’s revenue more than tripled for the third consecutive quarter. This remarkable performance was driven by the unprecedented demand for computing power – particularly in the data center segment – where revenue reached a record $47.5 billion in 2023. This marked a 427% YoY increase.

In addition to the impressive financial results, NVIDIA announced a 10-for-1 forward stock split and increased its quarterly dividend per share on a post-split basis, further bolstering investor confidence in the company’s future prospects.

The results and news helped boost NVIDIA investors’ confidence. The stock closed 9.32% higher at $1,037.99 on Thursday.

Redditors Paid Their Condolences To NVDA Bears

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Redditors were quick to react to NVIDIA’s earnings report, with many expressing excitement and optimism about the company’s future. User DrBix shared their bullish sentiment, stating, “I bought a bunch of $1100 call options a few days ago. Just waiting for the incoming gravy. Thanks Jensen Huang, you’re the best.”

Ricky_Verona applauded the company’s margin profile:

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Meanwhile, Peripatetictyl raised a question about the stock split, asking, “Why unload if you could go from 5 shares to 50 and they are continuing to show big earnings? Would the split draw more people in at a new price and raise the value of all those 10x extra shares?”

Another user highlighted the positive impact of NVIDIA’s success on other companies, saying, “I also love the boosts that this brings ASML, SMCI, TSM, and VRT. Which other companies have ships that rise with high tides from NVDA?”

Also Read: AI Boom: How Nvidia, AMD Growth Spurs Opportunities For Vertiv

The Twitteratis Focused On Nancy Pelosi And How Big Nvidia Can Get

Twitter was abuzz with discussions about NVIDIA’s remarkable performance.

The Nancy Pelosi Stock Tracker account highlighted the massive profits made by the politician on her NVIDIA trade, stating, “Unbelievable. ~$2,500,000 million of $NVDA profits in just 183 days. 14 years worth of salary made on one trade.”

The unusual_whales account highlighted her gain on the trade as 155%.

Related: Nancy Pelosi’s Nvidia Payday: Cashed In Big, But Missed Out By Selling Early

Tier1 Alpha pointed out the significant impact of NVIDIA’s stock on the broader market, tweeting, “$NVDA is accounting for over 40% of the move in $SPX today while the broader index is DOWN. This is one of the largest examples of market cap distortion we’ve seen yet.”

The Kobeissi Letter provided a perspective on NVIDIA’s market cap, comparing it to the GDP of various countries and highlighting its rapid growth. The tweet mentioned, “Nvidia, $NVDA, is now larger than the GDP of every country in the world except 7.”

Meanwhile, Barchart stated:

NVIDIA’s Q1 2025 earnings report has sparked widespread excitement and optimism among investors and analysts. The company’s impressive financial performance, coupled with its strategic initiatives such as the stock split and dividend increase, has solidified its position as a market leader in the semiconductor industry.

As NVIDIA continues to innovate and expand its product offerings, the future looks exceedingly bright for this tech giant.

Read Next: Nvidia’s AI Dominance Leaves Intel, AMD Scrambling For Second Place

Image generated using artificial intelligence via Midjourney.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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