The right time to make an investment in Nvidia

Nvidia is a powerful name in the development of chips for the sector of cloud gaming technology, self-driving cars in the future, and other artificial intelligence-related advancements. It competes with famous companies in the chip-making industry like Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices Inc. (NASDAQ: AMD).

The company has bright prospects ahead in terms of technical growth. A notable step of the firm is it supplying the chip for the electric vehicles of the firm Nio NYSE:(NIO). The chip would be the brain of the vehicle. The tech sector has a lot of growth lies ahead. The investors have to figure out wisely about the firm they choose for making an investment which would fetch them some fine and attractive gains.

Nvidia Corporation (NASDAQ: NVDA): Earnings

Considering the third-quarter earnings of the firm, there was a 37% increase in the gaming chip revenue and the sales of the Data-center chip rose by as much as 162%. As of the fourth-quarter earnings, they will be out on the 24th of February and the expected revenue as per the analysts would come out to be $4.80 billion. The company has shown very fine growth during the past year and is on the same track. It has a superior 97 EPS rating and an SMR rating of A (the scale ranges from A+ to E).

Nvidia Corporation (NASDAQ: NVDA)

  • 52 Week Range:  $180.68 – $614.90
  • Average Volume:  7,060,667
  • Market Capital:  $369.58B
  • Forward Dividend and Yield:  0.64 (0.11%)

From the above data about the earnings and statistics of Nividia, it is clear that the company has strength and would not let its investors down. The final quarter earnings will make things clearer and then the investors will be able to analyze the firm even better.

Should you purchase the Company’s Stock Right Now?

The company has proved itself and established itself well after going through a period of downfall. Therefore, the stock is worth considering. It is somewhat expensive but it is profit-giving and the investors can trust the company. The best part is that the firm is developing chips for all those sectors which have high hopes of some solid growth shortly.

Investment is most probably going to be worth the money, even if the stock is highly-priced. The fourth-quarter earnings are about to come in a couple of days and then the investors can reassure themselves for a firm decision. The only matter of concern is the coronavirus pandemic which has not yet completely ended and is still a threat to mankind. Hopefully, the vaccines will do their work and this menace will soon come to an end. Other than this factor, there is no other problem associated with the Nvidia stock. a

About Travis Garlick 1812 Articles
Been writing about and trading stocks since 2013. Manage a group of micro-cap investors on Facebook with over 15,000 members. Turned $8,500 into 185k the first year I started trading stocks and haven't looked back.