Can Nvidia's explosive growth continue?

Nvidia (NVDA) released its first quarter results, surpassing analysts' estimates on both revenue and profitability. However, with Nvidia's rapid growth trajectory, investors are questioning whether the company's performance can be sustained. Synovus Trust Vice President and Senior Portfolio Manager Dan Morgan joins Catalysts to discuss his outlook on Nvidia.
Morgan acknowledges that there were concerns about a potential slowdown in Nvidia customers' orders of the company's existing AI chip offerings as new products were released. However, he notes that the company's earnings report, coupled with upbeat second quarter revenue guidance, "gives me the indication that there is no slowdown in terms of order growth."
Regarding the supply of the new GPU chips, Morgan states that he doesn't anticipate a rollout until the fourth quarter. "I think right now they're preparing and getting that supply chain ready to go so that they can meet that demand in the fourth quarter," he adds.
For more Nvidia, Watch Yahoo Finance's interview with CEO Jensen Huang.
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[@iftak01]

I am still holding bit by bit and ALWAYS BROUGHT MORE BEFORE EARNING and paid off lol. My avg was $203

[@misterbeach8826]

NVDA is a stunning story. I recall buying at $10 and buying more over time until, finally, in 2020, during the gaming GPU bottleneck, I noticed how NVDA is transitioning to data centers and computing. I sold some shares in 2022, but I am glad I have not sold since then

[@Danrchy]

Got in at $42,07 ✌

[@Guavaava]

5 million nvda with a base aroud $100

[@mellarx1277]

Can Nvidia's explosive growth continue? YES! One country alone can buy them all AI chips if it is allowed to, leaving nothing for the big tech companies. There are so many industries, sectors, applications where AI can go into. When Jensen said the demand is "SO STRONG", it is an understatement. It is worth holding on to those NVDA shares since $10K per share is easy.

[@mlee1308]

$10 million in nvidia. 🤞🤞🤞🤞🙏

[@hencytjoe]

Set for life, happy for you!

[@seikoshinohara3084]

$250 in nvidia 🥴

[@annihilationHaven]

Completely useless info. I just wanted to know what the chips are actually being used for and why only the behemoth companies (with large amounts of free public data given to them for free by us), are interested in buying them by the hundreds of thousands.

[@mikebuchanan7610]

Current price is $1037.99
EPS (TTM) is $17.09
$1037.99/$17.09 = 60.74 NOT 80
Even after the increase in share price, the PE dropped by nearly a quarter.

[@droolalot5795]

He beat me..... I bought at $84 a share

[@ronmatthews2164]

Nvidia stock is still underpriced .

[@dennisboyd1712]

BUY MORE NVIDIA Now

[@LaSombraa]

Yes, 2.6T MC, still cheap! 🤡

[@MTXSHO9732vV8SHO]

These People don't know what a Tensor Chip is and this would turn into a documentary if you attempt to fully explain it.... At which point they still wouldn't "know"😂😂😂😂 I feel like Apocalypse from X-Men

[@dennisboyd1712]

BUY NVIDIA STOCK Now

[@XShollaj]

Yes, it can

[@AlohaAloha-f2v]

No

[@AbdulSalam-zt2kz]

Si

[@mlee1308]

She is hot❤❤❤❤

[@davidmueller9342]

Hot money

[@rayghoward]

💎 ✋🏽