2024-04-25 11:51:00 ET
There's no denying that Nvidia (NASDAQ: NVDA) is on a roll. The chip designer has knocked every earnings report out of the park since OpenAI unveiled the ChatGPT artificial intelligence (AI) tool, powered by the company's AI accelerator chips.
Trailing sales are up by 126% in just five quarters. Free cash flow soared 610% higher over the same period, and Nvidia's stock price more than quadrupled.
Golf claps and finger snaps aplenty, please. Nvidia has made many investors a lot of money in this AI boom, including yours truly.
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