NVIDIA -- When 56% Revenue Growth Isn't Enough
NVIDIA Corporation (NASDAQ: NVDA) stock has been an unquenchable fire lately, and with good reason. The company has consistently put up year-over-year growth numbers that would make most companies envious -- over 50% revenue growth on average in each of the last three-quarters, and triple-digit net income growth for five successive quarters.
Those financial results have driven the stock to newer and greater heights, returning over 700% in the last three years. In most instances, investors would be giddy over a company that could grow revenue by 56%, but with the torrid growth NVIDIA has shown lately, investors' appetite for growth became insatiable, and at some point, even a great report wasn't good enough, and the stock initially fell by 7%.
NVIDIA's gaming segment continues to dominate. Image source: NVIDIA.
Source: Fool.com
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