NVIDIA, a purveyor of high-performance graphics and video processing chips, occupies a prominent niche in the market. It mainly caters to desktop and gaming personal computers, workstations, sophisticated computing servers, and AI platforms. Notably, NVIDIA emerges as the standout performer among the entities listed herein for the fiscal year 2024
It boasted a remarkable 12-month appreciation of 227.4%, thereby clinching the title of the second-best performer within the S&P 500 index, trailing only Super Micro Computer Inc. (SMCI).
NVIDIA's forward-looking agenda, shown by the introduction of its cutting-edge Blackveil Chip and substantial investments in cloud infrastructure, suggests that the stock's price trajectory still harbors significant upside potential. Investors with a discerning eye on AI technology are well-advised to consider Nvidia a cornerstone investment, albeit dividend investors remain attuned to the performance of its key suppliers in navigating the prevailing market dynamics.
Market Info as of 16/04/2024
Market Cap: 2.15 trillion USD
Current Stock Price: $860.01
52-week range: $974 (high) & $262.25 (low)
Earnings Per Share: $4.91 for the January 2024 fiscal quarter end
Dividend Yield: 0.019%
I believe it's the calm before the storm. the hype around their pipeline is building up, no doubt, but it's hard to predict the leaps new AI tech will make.
I'm fairly skeptical after their exaggerated releases, but it also feels like this time they might actually make a bigger jump technologically with their blackveil chip. if it is as good as they say, their stock will sky rocket
Thanks for the outlook!
Now my question is are we experiencing a healthy dip or is price now stabilized in the 800s (at least till the next earnings)?
The hype doesn’t seem to slow down, volumes are pretty steady but valuation seems to have reach a ceiling (market cap wise).