Competition Is Growing, but Is Nvidia Really in Trouble? This Numbers Suggests It Isn't
Nvidia's chips remain the go-to options for big tech companies.
Overview
Tech investors keep seeing and hearing the same headlines about tech companies making their own chips and diversifying away from Nvidia (NASDAQ: NVDA)'s high-priced products. Initially, it's easy to see why such a scenario may appear to be a troubling one, given that tech giants have the resources to invest in their own chipmaking abilities.
However, these aren't exactly new developments. And there are also many other chipmakers out there, including Broadcom and Advanced Micro Devices, that offer alternatives. But the actual numbers don't really back up the worries that Nvidia is in any serious trouble, at least not yet, anyway. Both its growth rate and its market share remain strong.
Details
It also raises the question of whether the stock, which is among the most valuable in the world and has a market cap of around $5 trillion, could still be a bargain buy.
Source
Originally published at www.fool.com.