NVIDIA's Gaming Business Faces a Test on Thursday
After the market closes on Thursday, NVIDIA (NASDAQ: NVDA) will attempt to wow investors yet again with its quarterly results. The graphics-chip company's performance over the past year has been stellar. Revenue has been growing at a 50% clip, per-share earnings have been doubling, and the stock has more than tripled.
While most of the headlines go to NVIDIA's efforts in artificial intelligence and self-driving cars, the gaming business remains the core of the company. Gaming has been responsible for the bulk of NVIDIA's growth over the past year, and it accounted for a bit more than half of its revenue during the second quarter of 2017. There are some headwinds that will make maintaining that growth rate difficult in the third quarter.
Image source: NVIDIA.
Source: Fool.com
NVIDIA Corp. Stock
Currently there is a rather positive sentiment for NVIDIA Corp. with 298 Buy predictions and 27 Sell predictions.
As a result the target price of 125 € shows a slightly positive potential of 15.83% compared to the current price of 107.92 € for NVIDIA Corp..
