> ## Content Index
> Fetch the complete content index at: https://www.huntingalphas.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Nvidia Q4 Preview: A Post-Earnings Correction Can Be A Buy Opportunity (Archive)
- URL: https://www.huntingalphas.com/nvidia-q4-preview-a-post-earnings-correction-can-be-a-buy-opportunity-archive-copy/
- Published: 2024-02-17T09:43:00.000Z
- Updated: 2026-02-27T08:47:08.000Z
- Description: Backlog strength, mix-driven margin gains and trough-like valuations set up an attractive pullback buy.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, NVDA, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- NVIDIA broadly performed in-line with the S&P 500 since my last update in May 2023 until January 2024, when it made a large alpha run that I missed.
- Backlog growth indicates strong unrealized revenue growth potential ahead as RPO numbers are accelerating strongly, providing growth visibility beyond 2025.
- Due to a favorable top-line mix shift toward the Compute & Networking segment, I expect further gross margin expansion in Q4 FY24 and beyond.
- Despite a record-high market capitalization, NVIDIA's valuations are near 5-yr trough levels, presenting an opportunity to buy.
- Technical analysis is bullish, but I would prefer to wait for a pullback to join in on the buys, especially since I am wary of pre-earning rallies in the stock as it may lead to a sell-off upon earnings release.

Read the full article [here](https://seekingalpha.com/article/4671155-nvidia-q4-preview-post-earnings-correction-buy-opportunity?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*