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Why You Should Keep Buying Nvidia Shares

Summary

Gaming is the main income/revenue generator of Nvidia.

AMD’s recently released Vega flagship GPU products still can’t match the flagship GTX 1080 Ti product of Nvidia.

Nvidia therefore will continue to dominate high-end/enthusiasts discrete video card sales.

The post-earnings dip of NVDA was due to profit-taking and geopolitical tensions between the U.S. and North Korea.

The long-term bull case for Nvidia remains valid. I Know First has positive near, intermediate and long-term algorithmic forecasts for Nvidia.

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Nvidia (NVDA) failed to hit $175 last week. However, it did post a new 52-week high of $174.56 before it did its earnings report last Thursday. In spite of the big beat on EPS and revenue estimates, geopolitical tensions (between the U.S. and North Korea) and profit-taking are likely the reasons why NVDA dipped post-earnings. NVDA is trading below $170 again after it went down as low as $155 last Friday. It only means investors are again buying NVDA. They believe Nvidia’s growth momentum is still intact for the long run.

Another catalyst for Nvidia’s trend going back above $170 price level is that...

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Nvidia Stock Forecast: Why You Should Keep Buying Nvidia Shares