Is Nvidia Stock Worth Holding on To?

Nvidia reported third quarter earnings that surpassed expectations and provided an optimistic forecast for the current quarter.

Transcript

00:00NVIDIA reported third quarter earnings that surpass expectations and provided an optimistic

00:05forecast for the current quarter. Now, the company projects $37.5 billion in sales.

00:11This is slightly above analyst estimates, with fourth quarter revenue expected to grow

00:1570% year over year, which would be a slowdown from the 265% growth seen a year ago.

00:22Despite the deceleration, NVIDIA's revenue rose 94% annually in the most recent quarter,

00:28reflecting sustained demands for its AI chips. As the leading beneficiary of the AI boom,

00:35NVIDIA stock has nearly tripled in 2024, solidifying

00:39its position as the most valuable publicly traded company.