Nvidia Reports Another Blowout Quarter but Are Issues on the Horizon?

By Neil Rozenbaum – Updated Nov 22, 2023 at 10:41AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,359B

Today's Change

(-0.34%) -$3.21

Current Price

$940.38

Price as of May 17, 2024, 10:45 a.m. ET

Nvidia stock is up over 240% this year and the company reported another double beat.

In this video, I will talk about Nvidia's (NVDA -0.34%) third-quarter earnings, explain why we have seen its stock soar close to 240% this year, and talk about the dangers ahead. The markets are forward-looking, but even for a great business like Nvidia, valuation matters. Or does it?

*Stock prices used were from the trading day of Nov. 21, 2023. The video was published on Nov. 21, 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.