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NASDAQ:NVDA
This summary was created by AI, based on 114 opinions in the last 12 months.
NVIDIA Corporation (NVDA) continues to be a leading player in the AI and semiconductor sectors, benefiting from strong demand for its GPUs, particularly in data centers. The company recently achieved remarkable quarterly earnings, showcasing substantial year-over-year revenue growth driven primarily by its data center business. However, there are concerns about supply chain issues, competition from other tech giants, and the cyclical nature of the semiconductor market. Despite these worries, NVIDIA maintains strong cash reserves, high return on equity, and aggressive share repurchase programs, indicating robust fundamentals. Analysts generally have a favorable outlook, projecting significant upside potential, although some express caution given its high valuation metrics and potential market saturation.
FANGs? None in the FANG space are good value right now. Amazon has a floor at $1650 and ceiling at $2125 -- with PE ratio of 60. Facebook has given a short term buy signal -- technical support around $187-$189 with 20-25% upside. Nvidia has hit close to full value near $180 -- he might be taking profit on this one soon. Apple had a lousy quarter, but it still beat earnings expectations. He would not touch it here. Google hit resistance the other day -- too expensive as well. Netflix has been up against resistance and unless it can break through he would not touch it. He would only consider Facebook and Amazon as holds or weak buys.