NVDA - Nvidia Stock: The 'Pandemic Zoom' Moment May Be Coming (Rating Downgrade)
2024-06-21 08:00:00 ET
Summary
- Nvidia Corporation has done the seemingly impossible, consistently beating already aggressive consensus estimates.
- The company delivered impressive revenue and EPS growth, with the data center segment surging on generative AI demand.
- I discuss a similar past example in history in Zoom Video Communications, Inc., which saw growth accelerate meaningfully during the pandemic before all but disappearing within several years thereafter.
- Nvidia stock needs more beats to consensus estimates to justify further upside, but there may be more risk to estimates than investors are planning for.
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Nvidia Stock: The 'Pandemic Zoom' Moment May Be Coming (Rating Downgrade)