NVDA - Nvidia Probably Can't Keep This Promise But The Shares Are A Buy Anyway
The month of March has been very good to Nvidia (NVDA) shareholders. Since the announcement that Nvidia would acquire Mellanox (MLNX) in a deal worth $6.9 billion, the market seems to be warming up to this once champion growth stock. There is one storm cloud facing Nvidia and that is surrounding its inventory issues. That being said, the Mellanox deal brings enough positives to offset the short-term concerns.
“We expect channel inventory to normalize in Q1”
One issue that Nvidia shareholders have been watching carefully is the build of the company’s inventory. The company’s CFO