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Is It Too Late to Buy Nvidia Stock?

TheMotleyFool

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Nvidia (NASDAQ: NVDA) posted its first-quarter earnings report on May 25. The chipmaker's revenue rose 46% year over year to $8.29 billion, which beat analysts' expectations by $190 million. Its adjusted net income increased 49% to $3.44 billion, or $1.36 per share, which also cleared the consensus forecast by seven cents.

Nvidia's stock price advanced slightly after that big earnings beat, but it's still down about 36% for the year. Is it too late to buy Nvidia as a turnaround play in this turbulent market?

Nvidia stock closed at an all-time high of $333.76 last November, which gave the chipmaker a market cap of $834 billion. At the time, many investors thought it would become a trillion-dollar chipmaker.

Source Fool.com

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