Is Nvidia Stock A Buy Now?
$NVIDIA(NVDA.US$ On a fundamental level, Nvidia earnings and sales are expected to keep growing, though at a less torrid pace than seen in recent years.
The chipmaker is expanding in growth areas, such as data centers, automated cars and cloud gaming. The adoption of metaverses and cryptocurrencies could further stoke demand for Nvidia chips.Meanwhile, new gaming chips underscore Nvidia’s continued dominance in core markets.
NVDA is a top chip stock in a currently mediocre industry group. After prolonged global semiconductor shortages, it could take months for the supply of Nvidia GPUs to catch up with demand.
Bottom line: Nvidia stock is not a buy. As a leading chip stock with exposure to top end markets in data centers and gaming, NVDA is always one to watch.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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