Posted 2/26/2024, 4:07:00 PM
Nvidia Soars on Blockbuster Earnings and Rosy Outlook for AI Chips
- Nvidia reported incredible Q4 earnings with revenue up 265% and margins at 76%
- The AI chip industry is still in early stages and expected to grow massively in coming years
- Nvidia is diversifying into custom chips and software to maintain growth amid competition
- The stock trades at a reasonable valuation despite huge 63% YTD gains
- While investors may take profits, Nvidia still looks like a compelling long-term investment