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Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. On the date of publication, Louis Navellier had a long position in NVDA. With the company’s Q1 fiscal 2023 earnings (and high odds of another EPS beat) expected in a little over a month, the clock is ticking on this opportunity to scoop up NVDA stock on the cheap. NVDA stock is near 2022 lows, but don’t expect it to remain this way for long. Their average price target of $332.20 offers a juicy 55% upside. It’s also a consensus “buy” among the investment analysts polled by the Wall Street Journal. ![]() That’s why Nvidia stock rates an “A” rating in Portfolio Grader. With its business firing on all cylinders and a huge addressable market for growing businesses like automotive, data centers and the metaverse, NVDA stock continues to have long-term growth written all over it. If you take the past few months out of the equation, NVDA’s five-year return is well over 1,200%. Remember, NVDA stock has delivered a return of over 740% over the past five years - despite being caught up in the broad market slump that has hit tech stocks. This is a company that can anchor your long-term growth portfolio. Nvda earnings date and time series#As I wrote several weeks ago, at the company’s GTC 2022 (Graphics Technology Conference), Nvidia unveiled a series of new products, including Hopper chips for AI supercomputers, Grace GPUs for the data center, a new DRIVE Hyperion 9 driving platform and expansion of its Nvidia Omniverse entry into the metaverse market.Īll said, Nvidia is looking at a long-term addressable market for its latest product releases in the range of $1 trillion.įrankly, Nvidia has been a buy all through 2022. It’s not just graphics cards for gamers and creators that has investors excited about Nvidia. This fall, it’s expected the company will announce RTX 40 series GPUs, fueling another several years of upgrades. Even if chip shortages weren’t part of the equation, it seems doubtful Nvidia could have kept up with demand. Constant sellouts of Nvidia cards have become one of the big stories of the past two years. The company’s RTX 2030 series graphics cards have been a runaway success. Nvidia’s business future looks even more impressive than what’s happening now, if that’s possible. Nvidia Has a Huge, Long-Term Addressable Market With the company expected to deliver those results on May 25, time is running out to make a move. However, with markets beginning to recover from the worst of the 2022 slump, the company’s Q1 fiscal 2023 earnings could very well prove to be the catalyst investors have been waiting for. Nvidia’s impressive Q4 earnings didn’t kick off a rally for NVDA stock. The company now has a run of 13 straight quarters of exceeding market expectations for earnings. Nvda earnings date and time plus#Guidance for Q1 2023 revenue was $8.10 billion, plus or minus 2%. Earnings per share of $1.32 were well over analyst expectations and up 69% YoY. ![]() Nvda earnings date and time professional#Nvidia’s Gaming, Data Center, and Professional Visualization divisions all reported record quarterly revenue. ![]() The company reported record quarterly revenue of $7.64 billion, up 53% year-over-year. Looking back to February, when Nvidia reported its Q4 fiscal 2022 earnings, it’s hard to make sense of the poor showing of NVDA stock since then. With the company expected to report earnings before the end of May, the window of opportunity to buy Nvidia shares at such a large discount is closing. The latest hurdle has been the mess of economic issues, including runaway inflation, rising interest rates and fears of recession that have hobbled the stock market in 2022.Īt this point, NVDA stock is trading in the $220 range, near its 2022 low. Then the chip shortage, which crimped availability of Nvidia’s hot GeForce RTX 30 series graphics cards. ![]() Then there was the pandemic that wreaked havoc with supply chains. These include the infamous 2018 crypto market crash that flooded the market with surplus graphics cards when crypto miners shut down their rigs. NVDA stock has richly rewarded long-term investors despite a series of very serious challenges. This is a big, established tech company with a market cap of over $500 billion that has delivered a 740% return over the past five years. Source: Konstantin Savusia / Īmong semiconductor stocks, Nvidia (NASDAQ: NVDA) is an elite performer. ![]()
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