Nvidia blew away expectations again in Q3 as AI sales to a new breed of data centers continues at a breakneck pace. Additionally, Nvidia seems to be also enjoying the start of a robust recovery for the PC market, as peers AMD and Intel also reported recently.
Chip Stock Investors Nick and Kasey revamp their valuation with assumptions for the rest of this year, and an early look at what 2024 could hold for Nvidia. They then give their thoughts on whether Nvidia stock is a buy, and how most investors may want to approach a stock like this one.
At the end of the episode, a brief recap of Broadcom’s valuation now that the VMware acquisition is being completed is also given. Stay tuned for more on that topic!
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What to watch/read next:
03:06 https://www.fool.com/investing/2023/11/03/overlooked-reason-nvidia-profits-could-soar-nvda/ https://youtu.be/RnuwCrPmyEIhttps://youtu.be/GdD1SJrazhQ
Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.
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Nick and Kasey own shares of Nvidia.
