I'd like to remind you that our call is being webcast live on NVIDIA's Investor Relations website. With me today from NVIDIA are Jensen Huang, President and Chief Executive Officer and Colette Kress, Executive Vice President and Chief Financial Officer. And welcome to NVIDIA's conference call for the second quarter of fiscal 2022. There is ample growth potential and an opportunity to make the most of the thriving automotive industry across the world.Thank you. Nvidia is a company that never fails to impress investors and it is a solid long-term buy. Now is the right time to make an addition to your portfolio. However, I do not think NVDA stock will go as low as $150 anytime soon, and if the company reports strong quarterly results, the stock is going to soar. This situation could lead to a pullback in shares and it could be a perfect opportunity to buy the dip.
The analyst adds that Nvidia might anticipate the situation and reduce the shipments to avoid piling up inventory. This could lead to a dip in the excess shipments and thus affect the inventory. The analyst is of the opinion that because Ethereum (CCC: ETH-USD) is down more than 40% from its peaks, mining volumes will decline in the coming 6 months and the crypto demand for GPUs will drop accordingly. New Street analyst Pierre Farrago has a “neutral” rating on the stock with a target price of $250. NVDA stock is proof that the company is on the right track and will continue to grow in the coming years. Nvidia still has a lot of potential to expand and attract new users. Even if the company only focuses on the top two segments, it will be able to generate significant revenue. It has massive growth potential in the automotive segment and the industry is hot today.ĭo not worry about the Arm deal or the cryptocurrency mining segment. The company also has a presence across several industries and segments. Gaming and data center are the top two revenue-generating segments for Nvidia but it doesn’t stop there. It is one tech stock that can outpace the S&P 500 and could reap strong returns for investors. But this shouldn’t affect the fundamentals of the company or the potential of NVDA stock. However, there is news that Nvidia is planning to abandon the acquisition of Arm. I believe the company will be able to meet its projections and could impress investors with more details about the Omniverse. It expects revenue of $7.40 billion and an EPS of $1.22.
Nvidia has already beaten the analyst expectations for the past six consecutive quarters. 16, there is ample optimism among investors. The 7 Highest Dividend Stocks for Income InvestorsĪs the company gears up to report the fourth-quarter results on Feb.
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