Nvidia Stock Gathers More Momentum and There's No End in Sight

By Neil Rozenbaum – Aug 17, 2023 at 6:00AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,312B

Today's Change

(-1.99%) -$18.80

Current Price

$924.79

Price as of May 17, 2024, 4:00 p.m. ET

Is Nvidia stock a buy?

In this video, I will talk about Nvidia (NVDA -1.99%), which is up a whopping 200% this year alone. The company will report its quarterly earnings a week from today and some analysts are expecting another beat and raise. I'll explain why.

*Stock prices used were from the trading day of Aug. 16, 2023. The video was published on Aug. 16, 2023.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.