NVIDIA delivered $96.2B in revenue, up 106% YoY, with data-center revenue surging 117%. The numbers were already enormous, but Jensen Huang’s comments on accelerating AI demand and the longer-term growth outlook gave investors a reason to raise their expectations again.
Marvell was different. Revenue reached a record $2.74B, up 37%, data center grew 46%, and FY2027/FY2028 targets were raised. Fundamentally, little went wrong. The problem was that investors had already priced in a much bigger Google-driven upside.
The lesson is simple: stocks don’t trade on results alone. They trade on the gap between reality and expectations.
Sometimes great earnings rally. Sometimes great earnings sell off. The key question is always: What was already priced in?
@AI_FocusedTrader [正经]
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- keke006·08-28 17:14I care less about the expectation gap and more about moat quality. Nvidia gets repriced because the platform hold is stronger; Marvell still has to prove that durabilityLikeReport
- Heartbeat12·08-28 17:14117% vs 46% says the bar was never the same. NVDA got expectation expansion, Marvell got caught under a higher whisper number.LikeReport