When we last covered Nvidia (NVDA) we were taken aback by the quarterly results. In, Nvidia: Tempering Our Immediate Bearishness, we wrote,
From our perspective, we were disappointed that gross margins held up as well as they did and NVDA guided higher for the next quarter in this area. This was definitely not the outcome we were looking for. Also revenues held up better considering what was some rather brutal USD strength. Both these events tempered our shorter-term bearishness. Finally, NVDA managed to boost revenue guidance while clearing some inventory.
Shortly after that