Nvidia Stock: Bull vs. Bear
Nvidia's (NASDAQ: NVDA) first-quarter report is one of the most important things to happen in the stock market this year. Not only did the semiconductor specialist deliver Q1 sales and earnings that beat expectations, it also issued forward guidance that crushed even the most optimistic targets.
Following an incredible post-earnings rally, Nvidia stock is now up 165% across 2023's trading. Is the company still a smart investment at today's prices, or has the processing leader's valuation become overheated? Read on for a look at bullish and bearish takes from two Motley Fool contributors.
Keith Noonan: When it comes to high-performance graphics processing units (GPUs) and related variations, Nvidia is the clear-cut category leader. While Advanced Micro Devices has a solid foothold in the consumer GPU market, Nvidia dominates in the business segment that will be pushing artificial intelligence (AI) applications and services forward. The surge in demand powered by this segment is impossible to ignore following the company's recent earnings report and forecasting.
Source Fool.com
