Nvidia Is Exceeding My Expectations For The Year

Bold Investor profile picture
Bold Investor
2.35K Followers
(10min)

Summary

  • Based on its Q3 guidance and comments about Q4, Nvidia seems poised to outperform my previous end-of-year projection from the start of the year.
  • In this article, I provide an updated projection for Nvidia exiting the year.
  • Overall, I maintain a strong buy rating for NVDA stock.

Nvidia Corporation building in Taipei, Taiwan.

BING-JHEN HONG

Nvidia Corporation’s (NASDAQ:NVDA) rapid growth continues, and the company seems poised to exceed my expectations for the end of this fiscal year. Therefore, in this article, I am providing an upward revision of my end-of-year financial projection for the company. Below

This article was written by

Bold Investor profile picture
2.35K Followers
I am a political economist. I have a PhD. I am fascinated by bleeding-edge technology and how it transforms society and the economy. I am particularly interested in semiconductors, artificial intelligence, and space. As an investor, I usually look for high growth, asymmetric risk-reward, cutting-edge technology, and paradigm shifts. Long investment horizon: I try to look ahead at least one year, and usually three to five years.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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