3 Reasons Besides Q3 Data Center Success to Buy NVIDIA Stock

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NVIDIA Corporation NVDA has delivered better-than-expected sales and earnings in its latest quarterly report as it continues to progress banking on the incessant demand for its artificial intelligence...

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Let’s see in detail –。NVIDIA Stock – Positive Q3 Data Center Result & Outlook. NVIDIA recently reported fiscal third-quarter results, in which its revenues jumped 94% to $35.1 billion from the same period a year ago. Earnings per share  came in at $0.81, up 103% from a year ago.The company’s revenues exceeded Wall Street expectations due to record gains from the data center business. Third-quarter revenues from the data center came in at $30.8 billion, up 112% from a year ago.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVD3.UK":"LS 3X NVIDIA","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","NVDS.UK":"LS -1X NVIDIA","LU1301847155.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A4G\" (USD) INC","LU0894486033.HKD":"SCHRODER ISF GLOBAL MULTI-ASSET INCOME \"A\" (HKD) INC MF","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU2279689827.SGD":"JPMorgan Investment Funds - Global Income Sustainable A (mth) SGD-H","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4535":"淡马锡持仓","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","NVD":"GraniteShares 2x Short NVDA Daily ETF","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","NVDD":"Direxion Daily NVDA Bear 1X Shares","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","DMA":"Destra Multi Alternative Fund","MSFT":"微软","META":"Meta Platforms, Inc.","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","NVDS":"Tradr 1.5X Short NVDA Daily ETF","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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Let’s see in detail – \nNVIDIA Stock – Positive Q3 Data Center Result & Outlook\nNVIDIA recently reported fiscal third-quarter results, in which its revenues jumped 94% to $35.1 billion from the same period a year ago. Earnings per share (EPS) came in at $0.81, up 103% from a year ago.\nThe company’s revenues exceeded Wall Street expectations due to record gains from the data center business. Third-quarter revenues from the data center came in at $30.8 billion, up 112% from a year ago. \nCEO Jensen Huang admitted that demand for its Superchips and related hardware was robust, particularly for its present Hopper chips. Huang expects continued high demand for Hopper chips into next year.\nThe advanced H200 chips will be available in several cloud services, such as Azure, Google Cloud and AWS. Beyond big tech cloud operators, Denmark launched its AI supercomputer driven by H100 Tensor Core graphic processing units (GPUs). The government’s demand for Hopper chips, beyond private companies, fuels NVIDIA’s growing data center business in the information arms race.\nBut it’s not all about Hopper chips, Huang clarified that the demand for the much-awaited next-generation Blackwell chips remains “staggering” for the fourth quarter and next year. \nCompanies like Microsoft Corporation MSFT and Meta Platforms, Inc. META will likely adopt the Blackwell chips for higher AI throughput than the current Hopper chips. The Blackwell platform can enhance AI training performance and train large language models cost-effectively.\nAccording to SoftBank Corp, NVIDIA’s Blackwell platform will build Japan’s most powerful AI supercomputer. Also, NVIDIA’s Blackwell platform may power Taiwan’s fastest AI supercomputer. Therefore, the data center business will drive NVIDIA’s success and increase its share price, making it an enticing buy.\nNVIDIA Stock is Less Pricey Than Its Peers\nNVIDIA’s strong third-quarter performance comes as no surprise since the company has been delivering promising quarterly results for quite some time. NVIDIA is one of the top performers on the S&P 500 and is the most valuable company.\nDespite all the success, buying NVIDIA stock as of now will burn a smaller hole in your pocket than its peers. After all, per the price/earnings, the NVDA stock trades at 51.7X forward earnings, less than the Semiconductor - General industry’s 59.6X forward earnings multiple.\n\nImage Source: Zacks Investment Research\nNVIDIA Stock Has Bullish Chart Patterns\nDespite NVIDIA’s commendable third-quarter performance, its share price dipped initially as the hype surrounding its earnings results was insane. The stock was in overbought territory and a short-term dip after the earnings release was inevitable.\nHowever, the NVIDIA stock is currently trading above the short-term 50-day moving average (DMA) and long-term 200-DMA, a tell-tale bullish trend, making it a sound investment option.\n\nImage Source: Zacks Investment Research\nNVIDIA Stock is Fundamentally Solid\nNVIDIA has been able to manage its costs efficiently and generate profits persistently for a somewhat long time, which anyhow makes it the best stock to invest in.\nNVIDIA’s net profit margin is 55%, higher than the industry’s 47.3%. Any reading greater than 20% indicates a high profit margin.\n\nImage Source: Zacks Investment Research\nSimilarly, NVIDIA’s return on equity (ROE) of 120.4% exceeded the industry average of 78.3%, showcasing that the net income surpassed equity. \n\nImage Source: Zacks Investment Research\nNVIDIA, thus, rightfully has a Zacks Rank #1 (Strong Buy) (read more: This Is Why NVIDIA Joined the Dow; And Why It's Time to Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMicrosoft Corporation (MSFT) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nMeta Platforms, Inc. (META) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","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":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"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/2485108332"}