Will nvid be good to invest after the
6/5/2024 11:47am
**NVIDIA's recent performance and upcoming events make it a compelling investment candidate.** Here's why:
1. **Strong Financial Performance**: NVIDIA reported record quarterly revenue of $26.0 billion, up 18% from the previous quarter and up 262% from a year ago. This demonstrates the company's robust financial health and growth potential.
2. **AI Market Dominance**: NVIDIA's position as a key beneficiary in the AI market is underscored by its continued growth potential with upcoming products like the Hopper platform and Blackwell B100/200. The analyst's optimistic outlook, with a price target increase, reinforces the company's leadership in AI accelerators.
3. **Upcoming Stock Split**: The upcoming 10-for-1 stock split on June 7 is expected to make the stock more affordable for a broader range of investors. This could attract new investors and potentially increase liquidity.
4. **Positive Market Reaction**: Following the strong earnings report and stock split announcement, NVIDIA's stock has seen a significant rise. Historical performance around events like the GPU Tech Conference (GTC) shows a positive trend in stock performance post-event.
5. **Strategic Partnerships**: NVIDIA's partnership with Foxconn to build "AI factories" is a strategic move to capitalize on the growing demand for AI infrastructure. This could lead to increased revenue streams and further solidify NVIDIA's market position.
6. **Long-Term Growth Prospects**: The company's focus on AI and its role in various industries suggest a strong growth trajectory, with analysts projecting a >60% CAGR calendar years 2023-2027.
In conclusion, NVIDIA's financial strength, strategic positioning in the AI market, and upcoming events make it a promising investment opportunity. However, investors should consider their risk tolerance and the potential for market fluctuations post-earnings report and stock split.