Nvidia Corporation
BING-JHEN HONG
Summary
- Nvidia Corporation saw double-digit returns due to continued GPU demand from key customers like Meta Platforms and Google.
- Customers are indicating they may be overspending on Nvidia GPUs and could be done purchasing additional units.
- Despite strong financial results, Nvidia’s path to justifying its almost $3 trillion valuation and future profitability is uncertain.
- I am The Value Portfolio, an experienced analyst specializing in stock research and wealth growth. I run the investing group The Retirement Forum where I focus on ideas to prepare you for retirement.
Nvidia Corporation (NASDAQ:NVDA) had an incredible day on the back of Microsoft (MSFT) and AMD (AMD) earnings. The company saw its first double-digit returns in a while as investors celebrated continued demand for GPUs. Despite that, indications are that the company only has a few key customers, and they’re admitting that they’re overspending on GPUs.
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