Nvidia has had a hot year, with largely consistent earnings results, they have ridden that tech wave.

There have been a number of analysts calls for the long side for this Wednesday after its retreat in last weeks tech slump, I have been a fan of Nvidia for some time aswell.

They have impressive and consistent quarterly results, and in my view solid fundamentals, they are well positioned to grow with gaming, AI and cloud based computing services, with a number of business collaborators in various industries they are certainly not short of customers.

The risky side is driven from the rotation between pandemic growth shares and value/cyclicals which has been more prevelant in the last few weeks, which may ultimatley see the tech sector drag Nvidia down. It has also had considerable growth from riding the tech wave, which naturally makes the lofty valuation less appealing.

While the stock price has soared this year already, the foundations they have for tomorrow are encouraging and I will certainly be holding on to this one, and keeping tabs on it.

Nvidia

Dec 01 2020