Is Nvidia’s Growth a Bubble or a Tale for Ages?
The stock has skyrocketed over 160% year-to-date and 238% over the past year. Over the past five years, Nvidia has climbed an astounding 2,900%, recently surpassing the $3 trillion market capitalization mark, and momentarily becoming the world's largest company.
At the same time. the company's gross margin expanded by 13.8% points to 78.4%, while earnings per share surged 461% to $0.61 on a non-GAAP basis. Nvidia's significant 75% gross margin makes it highly profitable. New Street Research's concerns highlight a broader debate within the market: Is Nvidia's growth sustainable, or is it indicative of an overvalued bubble?
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