3 Reasons to Buy Nvidia Stock Before October 7

Motley Fool10-05

Nvidia's 2024 AI Summit will help the company continue to be a leader in the industry. Nvidia's strategic vision and leadership under CEO Jensen Huang have positioned it at the forefront of the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Comicrulz
10-05
Comicrulz
Share your opinion about this news…

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2473918123?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F792893%2Fsemiconductor-chip-hidden-among-large-denomination-dollar-bills.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-10-05 05:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2473918123","market":"us","top_or_hot":-1,"title":"3 Reasons to Buy Nvidia Stock Before October 7","media":"Motley Fool","content":"<div>\n<p>Nvidia's 2024 AI Summit will help the company continue to be a leader in the industry.\n\n\n\n\n\n\n\nNvidia's strategic vision and leadership under CEO Jensen Huang have positioned it at the forefront of the...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/04/3-reasons-to-buy-nvidia-stock-before-october-7/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Buy Nvidia Stock Before October 7</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Buy Nvidia Stock Before October 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-05 05:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/10/04/3-reasons-to-buy-nvidia-stock-before-october-7/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia's 2024 AI Summit will help the company continue to be a leader in the industry.\n\n\n\n\n\n\n\nNvidia's strategic vision and leadership under CEO Jensen Huang have positioned it at the forefront of the...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/04/3-reasons-to-buy-nvidia-stock-before-october-7/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0005OL40V9.USD","symbol_name":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","start_time":0,"source_url":"https://www.fool.com/investing/2024/10/04/3-reasons-to-buy-nvidia-stock-before-october-7/","article_id":"2473918123","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F792893%2Fsemiconductor-chip-hidden-among-large-denomination-dollar-bills.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473918123","pubTimestamp":1728076380,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"October 7 kicks off Nvidia's AI Summit, a big event for the whole industry.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","BK4587":"ChatGPT概念","L":"洛斯公司","3NVD.UK":"LS 3X NVIDIA","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4543":"AI","BK4579":"人工智能","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","BK4141":"半导体产品","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4503":"景林资产持仓","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","BK4581":"高盛持仓","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4549":"软银资本持仓","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4548":"巴美列捷福持仓","2NVD.UK":"2X NVIDIA ETP","LU0056508442.USD":"贝莱德世界科技基金A2","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4529":"IDC概念","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","BK4592":"伊斯兰概念","BK4532":"文艺复兴科技持仓","NVDA":"英伟达","BK4554":"元宇宙及AR概念","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC"},"translate_title":"10月7日之前购买Nvidia股票的3个理由","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1,"L":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Nvidia's 2024 AI Summit will help the company continue to be a leader in the industry.\n\n\n\n\n\n\n\nNvidia's strategic vision and leadership under CEO Jensen Huang have positioned it at the forefront of the AI chip market, controlling about 90% of it.\n\n\n\n\n\n\n\nDespite its massive run, Nvidia's stock is still reasonably priced.\n\nIt's no secret that Artificial Intelligence (AI) stocks have dominated the market for the last few years. With firms like PwC -- one of the \"big four\" accounting firms -- making claims that AI could add $15.7 trillion to the global economy by 2030 -- the hype makes sense.The revolution's poster child, Nvidia (NVDA 1.69%), saw its stock skyrocket nearly 1000% from late 2022 to today, but the last few months have not been as kind. After reaching its highest peak in June, shares of Nvidia are down about 10%. More significant market fears mixed with slower growth have caused some to cool on the once red-hot stock. So, where to go from here?Nvidia's AI Summit is a big day for the company and the industryAs the de facto leader of the entire industry, Nvidia needs to continue to do just that: lead. The 2024 AI Summit, which begins October 7, is a chance for the company to bring together some of the biggest faces and best minds in the industry to help push AI forward, all while keeping itself front and center. It's a chance to communicate Nvidia's vision not just to other industry leaders, but to the public at large.One of the primary questions investors have for the company -- and it's a very legitimate one -- is: Are the real-world applications of AI that impactful? Is the incredible cost of AI hardware worth the investment? The summit will be a chance for Nvidia to showcase the myriad ways AI can be used to return real value. It's a chance to justify the enormous cost of its chips and, ultimately, the price of its shares.The event in and of itself is unlikely to move the needle, but it may help ease some fears and get investors thinking about the possibilities and power of AI. Luckily, the event isn't happening in a vacuum. Here are a few reasons why Nvidia is in a prime position to capitalize on the event.1. Nvidia's Blackwell chips are comingIn Nvidia's only major snafu since the AI boom took off, the company announced its latest line of chips, dubbed Blackwell, was delayed. Issues in its manufacturing meant they wouldn't be shipped on time. Nvidia assured that shipments would only be delayed a quarter. Despite these reassurances, some investors worried the issues were more fundamental and the delay would be longer.It seems those fears were unfounded. According to a recent report by Tom's Hardware, the company is ready to ship the first batch as early as December, only about six weeks behind the original schedule, although these reports have yet to be confirmed by Nvidia. If true, it would do a lot to ease investors' fears and show that the company went above and beyond in fixing its mistake.Still, even if they don't ship until later in the quarter, the rollout will be huge for the company regardless. Their impact will be felt immediately, with billions in sales expected before the end of its Q4. 2. Nvidia's vision is its greatest assetIt's easy to get bogged down in numbers and fixate on balance sheets and income statements, and while these are extremely important when evaluating a business, certain intangibles are often what makes a company great, like vision. Nvidia has it in spades. Under the leadership of CEO Jensen Huang, the company has been at the forefront of several macro movements in tech. Huang saw back in the early 90s that computer graphics would be huge. The company's GPUs -- graphics processing units -- are a big part of what enabled the video game industry to evolve to where it is today.This vision is why the company controls roughly 90% of today's AI chip market. Nvidia saw that its GPUs could do much more than push the bounds of computer graphics; they could power a new technological revolution. It's why the company caught its competition sleeping. Since the current AI boom took off in late 2022, Nvidia's chips have consistently been miles ahead. Other chipmakers have been playing catch-up ever since.There was relative parity between Nvidia and its longtime rival AMD for decades. Not so anymore; last year, Nvidia made more in profit than AMD made in total revenue. The difference right now is stark, but remember, if Nvidia is profiting much more than its rival, it can then afford to spend more on research and marketing to widen its moat and fend off competitors.3. Considering its prospects, Nvidia is reasonably pricedI know I just said not to get bogged down in the numbers, but they are still important. How is the market valuing Nvidia right now? At a price-to-earnings ratio (P/E) of 56, Nvidia isn't cheap, but given its current pace of growth, a trailing P/E isn't really the best metric for us. Its forward P/E -- that is, a P/E that accounts for its expected earnings in the next 12 months rather than the last 12 -- is just above 30. That's not bad in the world of tech. It's just about where Apple and Amazon sit. Another useful valuation is the PEG ratio, which you get by dividing a company's P/E by its expected earnings growth. This is an excellent metric for companies with a lot of growth potential. As a very general rule, a PEG under 1 is what we're looking for. Nvidia's is 0.94.Nvidia has plenty of room to deliver the kind of growth that can justify its current valuation. To be sure, metrics are not the be-all and end-all. They are imperfect instruments, and of course, metrics that rely on expected earnings are especially imperfect -- the future is anything but guaranteed. I believe Nvidia will continue to outperform the market for some time.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release,Important Conferences","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":356701966221672,"gmtCreate":1728087526944,"gmtModify":1728099636480,"author":{"id":"4186060541405012","authorId":"4186060541405012","name":"Comicrulz","avatar":"https://community-static.tradeup.com/news/c5aac04fd05d4d472c194a302523c09c","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"4186060541405012","authorIdStr":"4186060541405012"},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356701966221672","repostId":2473918123,"repostType":2,"repost":{"id":"2473918123","pubTimestamp":1728076380,"share":"https://ttm.financial/m/news/2473918123?lang=&edition=fundamental","pubTime":"2024-10-05 05:13","market":"us","language":"en","title":"3 Reasons to Buy Nvidia Stock Before October 7","url":"https://stock-news.laohu8.com/highlight/detail?id=2473918123","media":"Motley Fool","summary":"October 7 kicks off Nvidia's AI Summit, a big event for the whole industry.","content":"<html><body><ul>\n<li>\n<div>\n<svg fill=\"none\" height=\"15\" viewbox=\"0 0 14 15\" width=\"14\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M14 5.58984C14 2.91016 11.8398 0.75 9.16016 0.75C6.50781 0.777344 4.375 2.91016 4.375 5.5625C4.375 6.10938 4.45703 6.60156 4.59375 7.09375L0.191406 11.4961C0.0546875 11.6328 0 11.7969 0 11.9609V14.0938C0 14.4766 0.273438 14.75 0.65625 14.75H3.71875C4.07422 14.75 4.375 14.4766 4.375 14.0938V13H5.46875C5.82422 13 6.125 12.7266 6.125 12.3438V11.25H7.13672C7.30078 11.25 7.51953 11.168 7.62891 11.0312L8.28516 10.293C8.55859 10.3477 8.85938 10.375 9.1875 10.375C11.8398 10.375 14 8.24219 14 5.58984ZM9.1875 4.25C9.1875 3.53906 9.76172 2.9375 10.5 2.9375C11.2109 2.9375 11.8125 3.53906 11.8125 4.25C11.8125 4.98828 11.2109 5.5625 10.5 5.5625C9.76172 5.5625 9.1875 4.98828 9.1875 4.25Z\" fill=\"#FFB81C\"></path>\n</svg>\n</div>\n<div>Nvidia's 2024 AI Summit will help the company continue to be a leader in the industry.</div>\n</li>\n<li>\n<div>\n<svg fill=\"none\" height=\"15\" viewbox=\"0 0 14 15\" width=\"14\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M14 5.58984C14 2.91016 11.8398 0.75 9.16016 0.75C6.50781 0.777344 4.375 2.91016 4.375 5.5625C4.375 6.10938 4.45703 6.60156 4.59375 7.09375L0.191406 11.4961C0.0546875 11.6328 0 11.7969 0 11.9609V14.0938C0 14.4766 0.273438 14.75 0.65625 14.75H3.71875C4.07422 14.75 4.375 14.4766 4.375 14.0938V13H5.46875C5.82422 13 6.125 12.7266 6.125 12.3438V11.25H7.13672C7.30078 11.25 7.51953 11.168 7.62891 11.0312L8.28516 10.293C8.55859 10.3477 8.85938 10.375 9.1875 10.375C11.8398 10.375 14 8.24219 14 5.58984ZM9.1875 4.25C9.1875 3.53906 9.76172 2.9375 10.5 2.9375C11.2109 2.9375 11.8125 3.53906 11.8125 4.25C11.8125 4.98828 11.2109 5.5625 10.5 5.5625C9.76172 5.5625 9.1875 4.98828 9.1875 4.25Z\" fill=\"#FFB81C\"></path>\n</svg>\n</div>\n<div>Nvidia's strategic vision and leadership under CEO Jensen Huang have positioned it at the forefront of the AI chip market, controlling about 90% of it.</div>\n</li>\n<li>\n<div>\n<svg fill=\"none\" height=\"15\" viewbox=\"0 0 14 15\" width=\"14\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M14 5.58984C14 2.91016 11.8398 0.75 9.16016 0.75C6.50781 0.777344 4.375 2.91016 4.375 5.5625C4.375 6.10938 4.45703 6.60156 4.59375 7.09375L0.191406 11.4961C0.0546875 11.6328 0 11.7969 0 11.9609V14.0938C0 14.4766 0.273438 14.75 0.65625 14.75H3.71875C4.07422 14.75 4.375 14.4766 4.375 14.0938V13H5.46875C5.82422 13 6.125 12.7266 6.125 12.3438V11.25H7.13672C7.30078 11.25 7.51953 11.168 7.62891 11.0312L8.28516 10.293C8.55859 10.3477 8.85938 10.375 9.1875 10.375C11.8398 10.375 14 8.24219 14 5.58984ZM9.1875 4.25C9.1875 3.53906 9.76172 2.9375 10.5 2.9375C11.2109 2.9375 11.8125 3.53906 11.8125 4.25C11.8125 4.98828 11.2109 5.5625 10.5 5.5625C9.76172 5.5625 9.1875 4.98828 9.1875 4.25Z\" fill=\"#FFB81C\"></path>\n</svg>\n</div>\n<div>Despite its massive run, Nvidia's stock is still reasonably priced.</div>\n</li>\n</ul><div><p>It's no secret that Artificial Intelligence (AI) stocks have dominated the market for the last few years. With firms like PwC -- one of the \"big four\" accounting firms -- making claims that AI could add $15.7 trillion to the global economy by 2030 -- the hype makes sense.</p><p>The revolution's poster child, <strong>Nvidia</strong> <span>(NVDA<span> 1.69%</span>)</span>, saw its stock skyrocket nearly 1000% from late 2022 to today, but the last few months have not been as kind. After reaching its highest peak in June, shares of Nvidia are down about 10%. More significant market fears mixed with slower growth have caused some to cool on the once red-hot stock. So, where to go from here?</p><div><app :collapse_on_load=\"false\" :instrument_id=\"204770\" :show_benchmark_compare=\"true\" amount_change=\"2.07\" average_volume=\"326,050,331\" company_name=\"Nvidia\" current_price=\"124.92\" daily_high=\"125.04\" daily_low=\"121.83\" default_period=\"YTD\" dividend_yield=\"0.02%\" exchange=\"NASDAQ\" fifty_two_week_high=\"140.76\" fifty_two_week_low=\"39.23\" gross_margin=\"75.98\" logo=\"https://g.foolcdn.com/art/companylogos/mark/NVDA.png\" market_cap=\"$3,014B\" pe_ratio=\"57.68\" percent_change=\"1.69\" symbol=\"NVDA\" volume=\"243,171,616\"></app></div><h2>Nvidia's AI Summit is a big day for the company and the industry</h2><p>As the de facto leader of the entire industry, Nvidia needs to continue to do just that: lead. The 2024 AI Summit, which begins October 7, is a chance for the company to bring together some of the biggest faces and best minds in the industry to help push AI forward, all while keeping itself front and center. It's a chance to communicate Nvidia's vision not just to other industry leaders, but to the public at large.</p><p>One of the primary questions investors have for the company -- and it's a very legitimate one -- is: Are the real-world applications of AI <em>that</em> impactful? Is the incredible cost of AI hardware worth the investment? The summit will be a chance for Nvidia to showcase the myriad ways AI can be used to return real value. It's a chance to justify the enormous cost of its chips and, ultimately, the price of its shares.</p><p>The event in and of itself is unlikely to move the needle, but it may help ease some fears and get investors thinking about the possibilities and power of AI. Luckily, the event isn't happening in a vacuum. Here are a few reasons why Nvidia is in a prime position to capitalize on the event.</p><div><div><div></div></div></div><h2>1. Nvidia's Blackwell chips are coming</h2><p>In Nvidia's only major snafu since the AI boom took off, the company announced its latest line of chips, dubbed Blackwell, was delayed. Issues in its manufacturing meant they wouldn't be shipped on time. Nvidia assured that shipments would only be delayed a quarter. Despite these reassurances, some investors worried the issues were more fundamental and the delay would be longer.</p><p>It seems those fears were unfounded. According to a recent report by Tom's Hardware, the company is ready to ship the first batch as early as December, only about six weeks behind the original schedule, although these reports have yet to be confirmed by Nvidia. If true, it would do a lot to ease investors' fears and show that the company went above and beyond in fixing its mistake.</p><p>Still, even if they don't ship until later in the quarter, the rollout will be huge for the company regardless. Their impact will be felt immediately, with billions in sales expected before the end of its Q4. </p><h2>2. Nvidia's vision is its greatest asset</h2><p>It's easy to get bogged down in numbers and fixate on balance sheets and income statements, and while these are extremely important when evaluating a business, certain intangibles are often what makes a company great, like vision. Nvidia has it in spades. Under the leadership of CEO Jensen Huang, the company has been at the forefront of several macro movements in tech. Huang saw back in the early 90s that computer graphics would be huge. The company's GPUs -- graphics processing units -- are a big part of what enabled the video game industry to evolve to where it is today.</p><div><div><div></div></div></div><p>This vision is why the company controls roughly 90% of today's AI chip market. Nvidia saw that its GPUs could do much more than push the bounds of computer graphics; they could power a new technological revolution. It's why the company caught its competition sleeping. Since the current AI boom took off in late 2022, Nvidia's chips have consistently been miles ahead. Other chipmakers have been playing catch-up ever since.</p><p>There was relative parity between Nvidia and its longtime rival <strong>AMD</strong> for decades. Not so anymore; last year, Nvidia made more in profit than AMD made in total revenue. The difference right now is stark, but remember, if Nvidia is profiting much more than its rival, it can then afford to spend more on research and marketing to widen its moat and fend off competitors.</p><h2>3. Considering its prospects, Nvidia is reasonably priced</h2><p>I know I just said not to get bogged down in the numbers, but they are still important. How is the market valuing Nvidia right now? At a price-to-earnings ratio (P/E) of 56, Nvidia isn't cheap, but given its current pace of growth, a trailing P/E isn't really the best metric for us. Its forward P/E -- that is, a P/E that accounts for its expected earnings in the next 12 months rather than the last 12 -- is just above 30. That's not bad in the world of tech. It's just about where <strong>Apple</strong> and <strong>Amazon</strong> sit. </p><p>Another useful valuation is the PEG ratio, which you get by dividing a company's P/E by its expected earnings growth. This is an excellent metric for companies with a lot of growth potential. As a very general rule, a PEG under 1 is what we're looking for. Nvidia's is 0.94.</p><div><div><div></div></div></div><p>Nvidia has plenty of room to deliver the kind of growth that can justify its current valuation. To be sure, metrics are not the be-all and end-all. They are imperfect instruments, and of course, metrics that rely on expected earnings are especially imperfect -- the future is anything but guaranteed. I believe Nvidia will continue to outperform the market for some time.</p><div></div></div></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Buy Nvidia Stock Before October 7</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Buy Nvidia Stock Before October 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-05 05:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/10/04/3-reasons-to-buy-nvidia-stock-before-october-7/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia's 2024 AI Summit will help the company continue to be a leader in the industry.\n\n\n\n\n\n\n\nNvidia's strategic vision and leadership under CEO Jensen Huang have positioned it at the forefront of the...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/04/3-reasons-to-buy-nvidia-stock-before-october-7/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F792893%2Fsemiconductor-chip-hidden-among-large-denomination-dollar-bills.jpg&op=resize&w=165&h=104","relate_stocks":{"IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","BK4587":"ChatGPT概念","L":"洛斯公司","3NVD.UK":"LS 3X NVIDIA","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4543":"AI","BK4579":"人工智能","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","BK4141":"半导体产品","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4503":"景林资产持仓","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","BK4581":"高盛持仓","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4549":"软银资本持仓","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4548":"巴美列捷福持仓","2NVD.UK":"2X NVIDIA ETP","LU0056508442.USD":"贝莱德世界科技基金A2","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4529":"IDC概念","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","BK4592":"伊斯兰概念","BK4532":"文艺复兴科技持仓","NVDA":"英伟达","BK4554":"元宇宙及AR概念","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC"},"source_url":"https://www.fool.com/investing/2024/10/04/3-reasons-to-buy-nvidia-stock-before-october-7/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2473918123","content_text":"Nvidia's 2024 AI Summit will help the company continue to be a leader in the industry.\n\n\n\n\n\n\n\nNvidia's strategic vision and leadership under CEO Jensen Huang have positioned it at the forefront of the AI chip market, controlling about 90% of it.\n\n\n\n\n\n\n\nDespite its massive run, Nvidia's stock is still reasonably priced.\n\nIt's no secret that Artificial Intelligence (AI) stocks have dominated the market for the last few years. With firms like PwC -- one of the \"big four\" accounting firms -- making claims that AI could add $15.7 trillion to the global economy by 2030 -- the hype makes sense.The revolution's poster child, Nvidia (NVDA 1.69%), saw its stock skyrocket nearly 1000% from late 2022 to today, but the last few months have not been as kind. After reaching its highest peak in June, shares of Nvidia are down about 10%. More significant market fears mixed with slower growth have caused some to cool on the once red-hot stock. So, where to go from here?Nvidia's AI Summit is a big day for the company and the industryAs the de facto leader of the entire industry, Nvidia needs to continue to do just that: lead. The 2024 AI Summit, which begins October 7, is a chance for the company to bring together some of the biggest faces and best minds in the industry to help push AI forward, all while keeping itself front and center. It's a chance to communicate Nvidia's vision not just to other industry leaders, but to the public at large.One of the primary questions investors have for the company -- and it's a very legitimate one -- is: Are the real-world applications of AI that impactful? Is the incredible cost of AI hardware worth the investment? The summit will be a chance for Nvidia to showcase the myriad ways AI can be used to return real value. It's a chance to justify the enormous cost of its chips and, ultimately, the price of its shares.The event in and of itself is unlikely to move the needle, but it may help ease some fears and get investors thinking about the possibilities and power of AI. Luckily, the event isn't happening in a vacuum. Here are a few reasons why Nvidia is in a prime position to capitalize on the event.1. Nvidia's Blackwell chips are comingIn Nvidia's only major snafu since the AI boom took off, the company announced its latest line of chips, dubbed Blackwell, was delayed. Issues in its manufacturing meant they wouldn't be shipped on time. Nvidia assured that shipments would only be delayed a quarter. Despite these reassurances, some investors worried the issues were more fundamental and the delay would be longer.It seems those fears were unfounded. According to a recent report by Tom's Hardware, the company is ready to ship the first batch as early as December, only about six weeks behind the original schedule, although these reports have yet to be confirmed by Nvidia. If true, it would do a lot to ease investors' fears and show that the company went above and beyond in fixing its mistake.Still, even if they don't ship until later in the quarter, the rollout will be huge for the company regardless. Their impact will be felt immediately, with billions in sales expected before the end of its Q4. 2. Nvidia's vision is its greatest assetIt's easy to get bogged down in numbers and fixate on balance sheets and income statements, and while these are extremely important when evaluating a business, certain intangibles are often what makes a company great, like vision. Nvidia has it in spades. Under the leadership of CEO Jensen Huang, the company has been at the forefront of several macro movements in tech. Huang saw back in the early 90s that computer graphics would be huge. The company's GPUs -- graphics processing units -- are a big part of what enabled the video game industry to evolve to where it is today.This vision is why the company controls roughly 90% of today's AI chip market. Nvidia saw that its GPUs could do much more than push the bounds of computer graphics; they could power a new technological revolution. It's why the company caught its competition sleeping. Since the current AI boom took off in late 2022, Nvidia's chips have consistently been miles ahead. Other chipmakers have been playing catch-up ever since.There was relative parity between Nvidia and its longtime rival AMD for decades. Not so anymore; last year, Nvidia made more in profit than AMD made in total revenue. The difference right now is stark, but remember, if Nvidia is profiting much more than its rival, it can then afford to spend more on research and marketing to widen its moat and fend off competitors.3. Considering its prospects, Nvidia is reasonably pricedI know I just said not to get bogged down in the numbers, but they are still important. How is the market valuing Nvidia right now? At a price-to-earnings ratio (P/E) of 56, Nvidia isn't cheap, but given its current pace of growth, a trailing P/E isn't really the best metric for us. Its forward P/E -- that is, a P/E that accounts for its expected earnings in the next 12 months rather than the last 12 -- is just above 30. That's not bad in the world of tech. It's just about where Apple and Amazon sit. Another useful valuation is the PEG ratio, which you get by dividing a company's P/E by its expected earnings growth. This is an excellent metric for companies with a lot of growth potential. As a very general rule, a PEG under 1 is what we're looking for. Nvidia's is 0.94.Nvidia has plenty of room to deliver the kind of growth that can justify its current valuation. To be sure, metrics are not the be-all and end-all. They are imperfect instruments, and of course, metrics that rely on expected earnings are especially imperfect -- the future is anything but guaranteed. I believe Nvidia will continue to outperform the market for some time.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473918123"}