Where Will Nvidia Stock Be 6 Months After the Latest Explosive Earnings Report? Here’s What History Says.
Nvidia’s AI empire helped deliver $96 billion in revenue over three months.
Overview
Nvidia (NASDAQ:NVDA) has steadily delivered one thing in particular to investors quarter after quarter: Mind-blowing earnings growth that's reached record levels well into the billions of dollars. This is thanks to the company's dominance in the high-growth market of artificial intelligence (AI) chips and its expansion into related products and services. In fact, Nvidia has built an AI empire, and in the latest three-month period, this translated into $96 billion in revenue and $59 billion in profit.
In the earliest stages of the AI boom, this growth resulted in stock price gains, with the shares climbing 800% over the past five years. But in recent times, Nvidia stock has faltered here and there. For example, in the first quarter of the year, it slipped 6.4%, and its year-to-date gain of 16% isn't huge for such a high-growth company.
Details
So, it's perfectly logical to wonder where Nvidia stock will be after the company's latest explosive earnings report. History offers us some answers.
Source
Originally published at www.fool.com.