NVDA Stock Prediction for 2019: Nvidia Has Obvious Tailwind From Fast-Growing Robotics Industry
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.
Summary:
- There is still almost-zero demand for graphics accelerator cards from the cryptocurrency mining industry. Ethereum’s crypto currency price is now only $125.42.
- On the other hand, I see the growing robotics industry to gradually become an important catalyst for Nvidia. The new Jetson AGX Xavier module is the best brain for robots.
- Unlike the speculative and very volatile cryptocurrency mining business, the entire global robotics industry can grow to a market size of $498.6 billion by 2025.
- NVDA is clearly oversold due to investors putting too much emphasis on the non-permanent decline of cryptocurrency mining.
- NVDA is attractively priced at the moment. It now trades at only 17.77x P/E and 8.57x P/B.