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Football fans have Super Bowl watch parties, Swifties get together to watch live streams of Taylor Swift’s Era's Tour and now traders are gathering to experience an earnings call live.
Lauren Balik, author and owner of Upright Analytics, organized a watch party for NVIDIA Corp (NASDAQ:NVDA)’s earnings report and call on Wednesday afternoon in New York City.
Balik first floated a trial balloon, gathering the input of her followers on X about the idea of a watch party for this quarter's highly-anticipated Nvidia report.
"Does anyone want to do a $NVDA earnings watch party in NYC?" Balik asked her social media followers. "I’m thinking rent a bar space in Midtown, play the call, play the CNBC/financial commentary after. It’s basically a sports event anyway. If enough people are interested (15? 20?) this could be fun. Comment or DM."
See Also: Top Nvidia Analyst Sees No Major Impact From Blackwell Delay, But Flags One Caveat He’s Wary About Ahead Of Earnings
Enough people expressed interest in the party, with Balik posting details for the gathering a few hours after the initial tweet. Balik's Nvidia watch party will be held at The Storehouse, an Irish pub in Manhattan's Flatiron district.
Balik posted that the bar will broadcast the earnings call over the restaurant's speaker system, and different financial news outlets will be on the TVs. And while the party itself signifies the hype and excitement around Nvidia and AI, some are skeptical about the evnet.
Gurgavin, an investor with nearly half a million followers on X, posted screenshots of Balik's post, asking his followers "Which part of the cycle is this?". Often, euphoria can be the sign of an overcrowded trade nearing its bull run's end.
But, despite Nvidia's frothy valuation, if the company continues to report strong growth, the multiples may not be as expensive as they seem. Nvidia's forward price-to-earnings ratio is around 48, only slightly higher than fellow Magnificent Seven peers Amazon.com Inc and Netflix Inc at 37 each. Tesla's forward PE, on the other hand, is more than 90, according to Benzinga Pro.
If you’d like to follow along with Nvidia’s earnings call but you’re not near NYC, you can watch on Benzinga’s YouTube page here.
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Photo via Pixabay.
Posted In: NVDA
