4 Reasons to Buy Nvidia Stock, and 1 Reason to Sell

Nvidia (NASDAQ: NVDA) posted its latest earnings report on Aug. 23. For the second quarter of fiscal 2024, which ended on July 30, the chipmaker's revenue soared 101% year over year to $13.51 billion and beat analysts' estimates by $2.43 billion. Its adjusted EPS soared 429% to $2.70 and easily cleared the consensus forecast by $0.61.

Those headline numbers were impressive, but does Nvidia's stock still have room to run after rallying more than 220% since the beginning of the year? Let's review four reasons to buy Nvidia -- as well as one reason to sell it -- to decide.

Image source: Nvidia.

Source Fool.com