Nvda ER is positive to its own story and AI as a whole

NVDA guided margin expansion for Q3, its GAAP gross margins is guided to expand from 72.4% in Q2 to 73.3 in Q3.

The margin expansion does not include China sale.

The following two points can be drawn from its margin expansion:

a. Price------there is not real price competition yet;---Its leading postion is not chalenged yet.

b. Volumn------The AI capexp is still strong---no sign of weakeness of AI capexp.

 

Not a trade recommendation