The Worst Mistake NVIDIA Investors Can Make Right Now
Chipmaker NVIDIA (NASDAQ: NVDA) churned out double-digit sales growth over the past six quarters, fueled by the robust sales of its GPUs and Tegra CPUs. Next-gen games lifted sales of its gaming GPUs, its data center GPUs were frequently used for machine learning purposes, and the evolution of connected cars boosted sales of its Tegra CPUs.
By most accounts, NVIDIA is firing on all cylinders. Even after rallying more than 200% over the past 12 months, analysts expect momentum in its business to continue with 19% sales growth and 21% earnings growth this year.
NVIDIA's Roborace car. Image source: NVIDIA.
Source: Fool.com