Kudos to $NVDA and CFO Colette Kress for changing company policy on the presentation of its earnings and earnings per share. Going forward NVDA will no longer exclude its Stock-Based Compensation GAAP expense from the adjusted earnings it presents to investors and Wall Street

This will now make earnings look more like GAAP earnings. Not exactly, but much better.

None of this changes the thesis I laid out in my Foundations article The Tragic Algebra of Stock-Based Compensation.