Nvidia Stock Outlook: Keep The Faith, Nvidia Is Likely To Breach $175 Soon
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.
NVDA Stock Outlook
Summary:
- I agree that Nvidia’s stock enjoys very high valuation. However, this company has what it takes to fulfill the high expectations of investors.
- Nvidia still has a lead over AMD in graphics processor sales. Nvidia still has a lead over Intel when it comes to Artificial Intelligence processors.
- I expect Nvidia to report better than predicted EPS and revenue when it reports Thursday next week. The second-quarter period did not see AMD release a high-end GPU product.
- NVDA bulls will probably do some profit-taking post-earnings. However, it will not surprise me if NVDA posts another 52-week high within the next few weeks.
- I Know First has positive, near, intermediate and long-term algorithmic forecasts for Nvidia.