NVDA 1Q24: Key Takeaways

For bulls, this earnings release validates the stock's investment thesis. But it might also serve as a broader macro catalyst, potentially finally changing sentiment for the better.

“And it's the reason why I call [the introduction of ChatGPT] the iPhone moment. All the technology came together and helped everybody realize what an amazing product it can be and what capabilities it can have.”
Jensen Huang, 1Q24 earnings call

Today, NVDA 0.00%↑ reported their much anticipated 1Q24 earnings (they have a funny financial year ending in January). At …