Nvidia (NASDAQ: NVDA) stock closed more than 3% in the red on Thursday, November 21, following a strong but ultimately short-lived rally supported by exceptional quarterly results.
NVDA's surging AI-driven growth, dominant data center revenues and strong product momentum make it a better investment option than TSM.
NVIDIA Corporation (NVDA) delivered a record-breaking Q3, posting 62.5% YoY revenue growth and guiding for even stronger Q4 results. NVDA's valuation is compelling, trading below 20x 2027 earnings, making it one of the cheapest stocks in the Magnificent Seven despite exceptional growth. Hyperscalers like MSFT, META, GOOGL, and AMZN are fueling NVDA's growth with massive, profitable CapEx investments, debunking the AI bubble narrative.
The trade war with China was tough on Nvidia Corp. (NASDAQ: NVDA) investors.
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The U.S. has approved exports of advanced Nvidia chips to Gulf tech giants G42 and HUMAIN. CNBC's Dan Murphy speaks to Talal Al Kaissi, Acting Group Chief Global Affairs Officer at G42, who are now authorized to buy up to 35,000 advanced AI chips.
Despite posting blockbuster Q3 results yesterday evening, the post-earnings rally in Nvidia stock faded in Thursday's trading session from a +5% spike to a 3% dip.
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Nvidia CEO Jensen Huang calls for improved U.S.-China trade relations, saying companies need access to China's growing AI chip market to stay competitive.
Four people were charged with illegally smuggling advanced Nvidia AI chips to China in a $3.8 million scheme that allegedly violated U.S. national security export controls.
What happened? Consider it something of a second thought on these positive metrics we'd seen earlier.
Nvidia's most overlooked income-statement line emerged as one of its fastest growers this past quarter. The automotive segment jumped 32% year over year in Q3, signaling that automakers are moving advanced driver-assistance and controlled-route autonomy from pilots to more structured development programs drive by artificial intelligence (AI).