Nvidia Q3: Results Are Up But Stock Isn't, Reiterating Hold
- NVIDIA 3QFY25 and commentary on the call led us to maintain our hold.
- Our point of concern is NVIDIA's near-term gross margin issue, with management reporting a sequential decline and guiding for one in Q4 with GM outlook of 73% to 73.5%.
- NVIDIA's valuation remains priced for perfection, which puts the stock at higher risk with the gross margin issue.
- We'll watch for the market to digest the news and upgrade on a more attractive buying opportunity.
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NVIDIA (NASDAQ:NVDA) (NEOE:NVDA:CA) just reported 3QFY25 earnings and outlook, leaving us not too optimistic about the near term. We downgraded the stock to a hold ahead of their Q2 report, expecting a
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