![]() However, that strength indicator rallied for much of the past three years. The relative strength line for NVDA stock shows significant lag. It tumbled in a broad tech-led sell-off that was sparked by fears about rising inflation and interest rates. NVDA has nearly halved from its November 2021 peak. Investors generally should focus on stocks with Comp Ratings of 90 or even 95 and above. In other words, Nvidia stock has outperformed 75% of all other stocks in terms of combined technical and fundamental metrics. Look for the chip stock to get above the late March peak, or to consolidate down the road, to be actionable again. On May 16, NVDA stock eased further as data showed China’s economic activity shrank sharply in April. The chip stock has erased all gains from a successful October breakout and has fallen near a 52-week low. It also sits below a falling 21 day average. ![]() Shares of Nvidia remain mired below the 50-day moving average as well the 200-day average. #IS NVDA A GOOD STOCK TO BUY TODAY PC#There have been several reports suggesting weakness in PC and consumer electronics amid high inflation. The company could face order cancellations as demand for its graphics card weakens due to this fact. The company derives more than half its revenue from mainland China and Taiwan, according to FactSet. News of slowing growth in China hurt Nvidia stock May 16. Along the way, net income soared from $631 million to $4.3 billion. Revenue from fiscal year 2021, which ended in January, topped $16.7 billion, up 52.7% from 2020 and up 263% from 2015. Is Nvidia stock a buy right now?Įxcluding 2020, Nvidia has experienced positive revenue growth every year since 2015. NVDA is a giant in data centers and gaming, but challenges continue to mount. ![]() Nvidia chips power a future of self-driving cars, cryptocurrencies and cloud gaming. Nvidia has a foot in many fast-growing industries, and the need for semiconductors and AI-driven systems will only grow. Overall, shareholders should view any weakness in the stock as a buy opportunity.Nvidia expects a $500 million hit in Q2 because of Chinese lockdowns and the termination of selling to Russia, which represented 2% of the company’s revenue. #IS NVDA A GOOD STOCK TO BUY TODAY SOFTWARE#The company expects higher software sales in the future, which should increase margins. Omniverse and Nvidia AI will drive significant revenue in the future for the company.Nvidia reported revenue of $8.28 billion, up 46% year over year (YOY), and earnings per share (EPS) of $1.36, up 49% YOY. ![]()
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