Nvidia (NASDAQ:NVDA) has steadily delivered one thing in particular to investors quarter after quarter: Mind-blowing earnings growth that's reached record levels well into the billions of dollars. This is thanks to the company's dominance in the high-growth market of artificial intelligence (AI) chips and its expansion into related products and services. In fact, Nvidia has built an AI empire, and in the latest three-month period, this translated into $96 billion in revenue and $59 billion in profit.
In the earliest stages of the AI boom, this growth resulted in stock price gains, with the shares climbing 800% over the past five years. But in recent times, Nvidia stock has faltered here and there. For example, in the first quarter of the year, it slipped 6.4%, and its year-to-date gain of 16% isn't huge for such a high-growth company.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So, it's perfectly logical to wonder where Nvidia stock will be after the company's latest explosive earnings report. History offers us some answers.
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