Chipmaker and AI prodigy Nvidia (NASDAQ:NVDA) continues its unstoppable upward journey, having more than tripled in value in 2023 and up about 78% year-to-date. The recent Q4 beat was spectacular and drove NVDA to its all-time highs. Being at the helm of the AI revolution, my bullish stance on NVDA remains. I am confident in its long-term potential for growth, driven by the artificial intelligence (AI) boom and its relatively favorable valuation. Hence, I will buy the stock at current levels.
NVDA Posts Blowout Q4 Earnings Yet Again
Now the third largest company in the world, Nvidia posted yet another blowout Q4 result on February 21, driven by accelerated computing and generative AI momentum. Adjusted earnings of $5.16 per share handily beat the analysts’ estimates of $4.59 per share. Also, the figure came in much higher (+486%) than the Fiscal Q4-2023 (ended January 2023) figure of $0.88 per share.
Impressively, Q4 revenue jumped…
