Up 61% This Year, Did You Miss Your Opporuntity to Buy Nvidia's Stock?
Nvidia (NASDAQ: NVDA) had a great start to the year, gaining up to 61% since the calendar flipped to 2023. That kind of movement could have investors questioning whether they have missed the boat on the chipmaker's stock.
So let's look at the company's most recent results and see if the stock has room to run, or if Nvidia has gotten ahead of itself.
Nvidia is known for its best-in-class graphics processing units (GPUs), which can create lifelike graphics, crunch numbers, and process calculations extremely fast, making them ideal for multiple uses. Two in particular that Nvidia has capitalized on are gaming and data centers, but while one business has helped Nvidia recently, the other has been a drag.
Source Fool.com
