2/12/2023 0 Comments Small cap stocks nvdaJust sitting on your position is profitable in the short run, but traders are also making bank. Nvidia shares are up 51% during 2021 alone, despite three fierce downdrafts in February, April, and July. Shares got yet another boost after Advanced Micro Devices (NASDAQ: AMD) announced blowout earnings, guiding to $4.1 billion in revenue and announcing gross margins of 48%. That’s $1 in every $3 of revenue hitting the net income line. 18, with net income 85 cents per share, about $2.1 billion, expected on revenue of $6.27 billion. Nvidia announces earnings for the July quarter on Aug. The continuing chip shortage means demand is especially intense for Nvidia designs, which is why some analysts still call it a smart bet. 6 A-Rated, Safe Stocks to Buy With Dividends.Its value as a “fab-less” design house led Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL) to design their own chips, too. Its initial focus on graphics, for video game boards, has become the new frontier in software, thanks to Bitcoin (CCC: BTC-USD) and artificial intelligence. Nvidia trades at over 24x expected 2021 revenue because it pioneered the great chipmaking trends of the last decade.
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