1 Massive Reason to Avoid Nvidia Stock Right Now
Nvidia (NASDAQ: NVDA) has turned out to be a top performer on the stock market this year so far. The stock has gained 57%, driven by the company's better-than-expected fiscal 2023 fourth-quarter results (for the three months ended Jan. 29, 2023), which were released on Feb. 22.
Investors have chosen to focus on the semiconductor giant's progress in data centers and the artificial intelligence (AI) opportunity that could supercharge its growth in the long run. However, they seem to be ignoring a potential speedbump that could bring Nvidia's rally to a halt (at least in the short run) -- the gaming business.
Let's see why the gaming business has the potential to wreck this semiconductor stock's terrific momentum.
Source Fool.com