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Is Nvidia (NVDA) Stock a Buy Ahead of Earnings?
NVDANvidia(NVDA) Investor Place·2024-08-15 19:54

Initially a graphics card company, Nvidia (NASDAQ:NVDA) has become a leader in AI chips under CEO Jensen Huang. Despite recent declines, Nvidia stock surged 116% in 2024 and 130% over the past 12 months.With a 629% increase in earnings per share but correspondingly high valuation multiples, there are questions about where this stock is headed. That said, many growth investors still feel Nvidia stock is trading at a justified valuation, given these sky-high growth rates.Others question whether future growth ...