Zed Francis speculates that China may be acquiring Nvidia products through indirect channels despite official shipment numbers being zero.

Micron's forward P/E ratio is approximately 12 because the market has low confidence in its earnings beyond a 24-month timeframe.

The options market priced a 5.5% move for Nvidia's stock on its earnings report, but the actual after-hours trading range was well within that expectation.

Nvidia is attempting to follow Apple's business model by transitioning from a cyclical hardware company to one with more predictable, recurring revenue streams based on software and services.

Nvidia's forward valuation is in the mid-20s, which is roughly in line with the S&P 500.