Nvidia: Buy The GPU Rumors, Hold The News

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About: NVIDIA Corporation (NVDA)
by: Roman Luzgin
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Roman Luzgin
Long/short equity, special situations, medium-term horizon, portfolio strategy
Summary

The market has been silent about Nvidia over last months despite the stock doubling over the year.

The company can reveal a new generation of GPUs in the near future.

The current consolidation can be a good time to build a position in Nvidia, as the current valuation provides solid risk-reward opportunity.

The lack of news led to a long-lasting consolidation in Nvidia stock

After a solid run last year, Nvidia (NVDA) has taken some time off over the last months, as the stock continues