On the date of publication, Louis Navellier had a long position in NVDA. So if NVDA is on your list and you’re not overly concerned about crypto crashes or chip shortages, now is probably a smart time to make a move.
And by the time July 20 rolls around, those newly split shares are probably going to be worth significantly more than $175 each. Shares will be more affordable on July 20, but investors who drop $700-ish on NVDA now will not be punished in any way for doing so. The biggest question for prospective NVDA stock investors is whether to buy now. Another risk we’re becoming all-too aware of in 2021 is a global shortage of semiconductors – Nvidia is not immune. And Nvidia’s other lines of business, including gaming, data centers, and AI are on fire, so that will help to reduce the sting should crypto falter. A loss of revenue should miners hit pause would be painful, but the company is unlikely to end up with a glut of unsold graphics cards as a result, as it did in 2018. That being said, Nvidia is managing the crypto mining aspect of its business more closely this time around. Stock Split Announced and Approvedīesides the record financial performance, Nvidia had other big news for investors in May. NVDA stock is up 10% in the two weeks since those impressive results.
The company also issued Q2 guidance for revenue of $6.3 billion, plus or minus 2%. 10 Best Stocks to Buy That Will Get You Through the Day.Adjusted EPS of $3.66 beat Wall Street estimates of $3.28 and were up 103% compared to the previous year. Data center revenue (which includes AI) set another record at $2.05 billion – up 79% YoY. The cards are still almost impossible to find in stock at retailers. Gaming division revenue was a record $2.76 billion (up 106% YoY) on the strength of RTX 3000 series graphics cards released last fall. Revenue was a record $5.66 billion, up 84% year-over-year. Why is NVDA stock performing so well in 2021 when other high-profile tech stocks have stumbled? Look no further than the company’s Q1 fiscal 2022 results, which were released on May 26.
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