Investing in Nvidia: Why Now Is the Perfect Time to Buy (NASDAQ: NVDA)

Money | July 12, 2024, 8:44 p.m.

The article discusses the incredible performance of Nvidia Corporation (NVDA) stock, which has surged more than 10 times in less than 2 years. The author, Steven Fiorillo, admits to missing out on the initial run but sees potential for further growth. NVDA's financials show impressive revenue growth, high profit margins, and significant cash reserves, making it an appealing investment despite trading at all-time highs. The article also highlights potential risks related to demand and competition in the A.I. chip market. However, Fiorillo's analysis suggests that NVDA may continue to outperform its peers in the Magnificent Seven group of companies. He believes that NVDA could continue to grow its profitability and market value through strategic buybacks, leading to further upside potential for investors. In conclusion, while acknowledging being late to the party, the author remains optimistic about the future prospects of NVDA stock.