Quick Read – Stocks: Nvidia (NVDA) beat Q1 estimates but fell under 2% in after-hours trading, signaling investor skepticism despite spectacular results; Costco (COST) trading at 55+ times P/E offers defensive growth exposure and benefits from higher gas and grocery prices. -…
idia’s disappointing stock reaction to exceptional earnings suggests overheated AI semiconductor stocks may be facing a tougher crowd, making Costco an attractive rotation target for value-conscious investors seeking recession-resilient growth outside tech. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Costco wasn’t one of them. Get them here FREE
Things were getting quite a bit volatile for tech to start the week. And while Wednesday’s session gave relief to tech-heavy investors, it’s hard to tell which direction the tech sector and some of the most overheated names in AI (look no further than those red-hot semi plays) will head next as Nvidia (NASDAQ:NVDA) sets the tone following its quarterly earnings result. The first-quarter Nvidia numbers themselves were incredibly impressive.
They beat estimates handsomely, and the results probably should have fuelled a run in the stock. But, of course, the GPU giant saw its shares slide mildly, by just under 2%, in the after-hours session of trade. I’m not quite sure what the crowd was hoping for, but investors should have been conditioned to see a home run be met with pin-drop silence by now, or even a few boos by some who were looking for a reason to offload their positions.