Nvidia Review: Sequential Revenue Decline In The U.S. (Rating Downgrade)

Summary

• Nvidia Corporation's Q2 earnings beat expectations, but concerns about Blackwell chip delays and peaking U.S. revenue likely led to the post-earnings share decline.
• The lack of quantitative clarity on Blackwell chip sales numbers and the sequential drop in Hopper sales in the U.S. raises concerns about Nvidia's growth prospects.
• Nvidia's valuation, with a forward P/E of 41.33, appears overextended, suggesting a potential 28.10% downside if adjusted to a more realistic premium.
• Despite the AI revolution, Nvidia's current market cap seems to overprice future growth, prompting my now strong sell opinion.