Is It Too Late to Buy Nvidia Stock?
Nvidia's stock (NASDAQ: NVDA) hit an all-time high after the chipmaker posted its third-quarter earnings report on Nov. 17. Its revenue rose 50% year-over-year to $7.1 billion, beating estimates by $290 million. Its adjusted net income increased 62% to $2.97 billion, or $1.17 per share, which also exceeded expectations by six cents.
Those numbers are impressive, but many investors are likely wondering if it's too late to buy Nvidia's stock, which already rallied about 150% this year and soared more than 520% over the past two years. Let's see why Nvidia's stock caught on fire, and if it's finally getting a bit too hot to handle.
Image source: Nvidia.
Source Fool.com
