与「Earnings」相关的搜索结果

Nvda这次换帅的消息已经落地，老黄被扫地出门，Colette Kress暂时接任Interim CEO。接下来市场交易的就是Management transition，以及CUDA生态和AI产品路线能否保持原来的竞争优势了。虽然长期我对Nvda依然bullish，200是基本的目标。但如果Ian Buck最终接任，我觉得会是不错的选择。他是CUDA核心开发者之一，对GPU架构，AI infrastructure和Hyperscalers需求都有很深的理解。NVDA未来的moat很大程度上就在CUDA和软硬件生态，这方面Buck有优势。Kress的强项在Finance，Capital Allocation和客户关系，做过渡期CEO也有她的价值，但长期还是需要很强的技术战略领导力。如果Cook如果接任CEO，短期市场可能交易供应链管理和运营效率改善，股价反弹240以上也有可能发生，但从长期的角度来看，Cook擅长供应链和硬件，AI对他来说完全就是跛脚的。如果在Cook的领导下的Nvda，应该也会慢慢的淡然失色，这并不是我并不看好Cook，而是AI对他来说本身就是不擅长的领域。Nvda已经不是当年单靠Jensen个人推动的小公司了，CUDA、Networking和Data Center业务都有成熟团队。所以短线换帅会增加Risk premium，但长期能否回到200甚至240，还是要看下周的Earnings，Forward EPS和下一代产品的情况。

Cerebras 三季报调整后多半又超，可前两次超了，第二天都跌了一成以上🤣 8 月 12 号 Cerebras 出二季报那天，股价白天先涨了 11.6%，收在 262.06。盘后数字出来，调整后的主营收入 2.1 亿美元，比它自己给的指引多了 8%。调整后的经营亏损率是 16%，它自己给的是 30% 到 32%。第二天股价跌了 11.85%，第三天又跌了 5.21%。到昨天，它收在 101.08，比那天低了六成多。 6 月那次是上市后的第一份财报。调整后每股亏 4 美分，华尔街估的是亏 1 毛 4，也超了，第二天照样跌了 19.61%。 这两次跌，原因不太一样。6 月那次，市场盯的是毛利率，它把二季度的毛利率指引给到 36% 到 38%，一季度还有 47% 左右。8 月那次，我觉得一半要怪标题。华尔街的一致预期按调整后的主营收入算，新闻稿上并排还有一个 GAAP 营收，要先扣掉认股权证资产的摊销。快讯标题抓的就是 GAAP 那个，写成营收 1.801 亿、预期 1.94 亿，看着就像不及预期。 这季这笔摊销还在，我估有 5,000 万，美东今天盘后的标题多半又是营收不及预期，门槛这次也更高。华尔街一致预期调整后每股亏 1 毛 3，Earnings Whispers 的耳语数只亏 3 分。大家已经在等它大超了。股价也提前动了，从 11 月 5 号的 81.71 到昨天的 101.08，四个交易日涨了 23.7%。 四季度指引才是我最在意的。按三季度落在它自己的指引里算，全年主营收入 8.8 亿到 8.9 亿，倒推四季度得有 2.65 亿到 2.73 亿。这比三季度的指引要多两成以上。按第三方整理的 8 月电话会稿，CFO 说三季度是调整后毛利率的谷底，四季度会明显改善。北京时间明早 5 点前后数字出来。四季度营收指引要是过了 2.73 亿，调整后毛利率指引也到了 45%，前两次那种第二天大跌，这次就不一定了。 期权押的到周五涨跌，ApexVol 给的是 10.5%，拿周五到期的跨式粗算是 13.7%。欧易 CBRS 永续上没什么人，持仓才 260 万美元，多空账户比 1.64，资金费率是 0，两边都不挤。 超预期那个盘子，线是 GAAP 每股亏 1 毛 4。可这个数跟华尔街调整后的一致预期是一档的，几家估的在亏 1 毛 3 到 1 毛 4 之间。公布出来的 GAAP 要把上市以后摊的股权激励算进去，二季度连上市补记一共 3.77 亿，这季我估还有一亿多。这么算下来，GAAP 每股在亏 8 毛上下，离这条线很远。 第二天涨不涨，我没把握。前两次的样子摆在那，可股价比 8 月出数那天已经跌了六成多，锁定期 11 月 9 号也全部到期了。 等看完四季度指引和盘后，到时候详细的在我欧易星球跟进。

“why aren’t u buying the nvda dip, it‘s the bottom” well, because tHeRe iS NO bOttOm… look what happened recently and what’s coming this month: 1. one affair = one black swan 2. two affairs (allegedly) = two black swans 3. jensen JUST resigned, effective immediately = mother swan 4. nov 18: congress wants a closed-door briefing 5. nov 17: first nvda earnings ever without jensen as ceo 6. january: democrats get the gavels conclusion: nvda is now a black swan incubator jokes aside, i’m still not buying yet. jensen‘s gone but nobody knows who actually runs nvda next. the cfo is interim ceo while the board searches, and the market hates not knowing more than it hates bad news i’ll look again once there‘s a permanent ceo and the stock stops dumping on good news. nov 17 earnings is the first test also anthropic probably lists before thanksgiving and a lot of AI funds are about to need cash. not my main reason, but not bullish for nvda this month either

Given NYT article, I think Jensen is gone at $NVDA, potentially by tomorrow morning with my guess the CFO as interim-CEO. But I think the stock bottoms on a RELATIVE basis compared to the semi index post earnings next week at the latest. The new interim CEO will probably want to set a low bar and the stock could trade at a single digit PE vs 11x currently on CY26. There are 40K employees at Nvidia and Jensen was a generational CEO but the pipeline of products I believe will sustain the company for ~2 years. There is a deep bench of direct reports. The analogy I would give is Steve Jobs took his medical leave in Jan-2011 and sadly died in October. $AAPL stock however rose 26%/26% in 2011/12 vs S&P 0/+12% Nasdaq -2/+14% on blistering revenue growth of 66%/45% in FY11/12. It took till year 3 for Apple revenue growth to slow dramatically to <10% in FY13 and then the stock massively underperformed that year. For the AI trade and Nvidia’s stock, the bigger question for me remains the same. Was June 22nd the top in the AI trade overall? I do not think so given Agentic AI just started this year. OpenClaw came out in January for the tech savvy and Muse from Meta for the rest of us in September with others introduced since then. Agentic requires 10-100x more tokens. But time will tell if that was THE TOP. From a technical standpoint, it does not matter if that was THE TOP. There has been forced selling in AI stocks and this Nvidia news is likely to clean out the rest. Why does it not matter? Even if it is March of 2000 and Nasdaq declines 78% from peak to trough over 2 ½ years, there were still 7 rallies that averaged 25% along the way back then. I think another one started on 11/5 but time will tell. Stay nimble and best of luck.

Today we announced our Q3 earnings: 🔹$3.7B revenue, up 168% YoY 🔹$379M adjusted operating income, well above guidance 🔹Double-digit adj. operating margins, a quarter ahead of plan 🔹1.7GW+ of active power, doubling our active footprint YTD 🔹Roughly $9B in customer prepayments and deposits in this quarter Congratulations to our team, who remain focused on executing for our customers. Read the full Q3 2026 results.

New York’s trading and investment-banking firms are poised to deliver record industry earnings with profit on pace to exceed $90 billion and bonuses expected to reach an all-time high. Herman Chan has more

Ken here is upset that these guys feed the homeless, often. What they do is record what they do, post it online, and the earnings from the content help fund feeding the homeless. That's what this guy says is not right. Shouldn't be profiting off the homeless. So, I say, mind your business man. He's helping the homeless. What would that bother anyone...

$TSLA just gave the bulls some ammunition. Better-than-expected deliveries, strong Friday momentum and earnings ahead. If buyers follow through Monday, I could see this move getting legs.