NVIDIA Q2 Earnings vs the Fed: Stock Might Continue To Rationalize
@ShenGuang:
Nvidia Inc ( $NVIDIA Corp(NVDA)$) has received a lot of attention in the Year To Date (YTD). As an earlier article indicated, the company's stock was labeled a key member of America's "Magnificent Seven", i.e., one of seven stocks subjected to intense investor crowding relative to, say, the other 493 constituents of the S&P 500. This crowding did have some hand in the stock's meteoric 217% price increase in the YTD. However, as other articles have indicated, high valuations generally divorce the stock's valuation from the company's business performance. While Nvidia isn't exempt from this truism, it must be said that the latest Q2 earnings release at least somewhat justifies why the compan