Should You Buy Nvidia Stock Before May 22?
Nvidia (NASDAQ: NVDA) stock has been unstoppable over the past few years, thanks to the company's key role in the world of artificial intelligence (AI). The tech giant makes graphics processing units (GPUs) that power crucial AI tasks, such as the training and inferencing of large language models. Then these models go on to do their job of completing complex tasks. Nvidia holds 80% of the AI chip market because its GPUs are the fastest around, and that's translated into explosive earnings performance.
The company's quarterly earnings have surpassed analysts' estimates in at least the past four quarters. And revenue and net income have climbed in the triple and even quadruple digits in recent quarters -- well into the billions of dollars. So it's no surprise the stock has soared more than 200% over the past year.
Considering all of this, should you rush out to buy Nvidia stock before its May 22 earnings report?
Source Fool.com
