On May 24th, 2023, $750M Nvidia jumped 26% after its earnings release while reporting a 13% year-over-year revenue growth decline. How can a mega-cap stock jump nearly 30% in one day, and how is that possible when revenue growth decelerates?
The answer is the AI boom.
Aside from the recent price rally, Nvidia's stock price is no stranger to big jumps in price thanks to similar technological boom cycles. In five years, the stock went from a low of $35 per share in 2018 to a high of $400, generating more than a 1000% return on the day of recording this episode.
The question is, after a 5-year 1000% gain, is it too late to buy Nvidia?
Let's talk about that!
Other Resources:
🔬 Research Nvidia on Stock Card: https://stockcard.io/NVDA
📺 Get the Generative AI stocks' list: https://stockcard.io/featuredtheme/Generative%20AI
