NVDA Down but not dead. Strong bull support is evident.

$NVIDIA (NVDA.US)$ is a leader in AI data development. Data use will only continue to increase. Semiconductor demand will increase as well.

Q4 ER revealed, Cryptomining processor revenue was $24 million in the quarter, down from $105 million sequentially and the estimated $100 million to $300 million in the year prior. Rather surprisingly, NVDA has mainly let cash generated flow to its balance sheet. While it did pay out $100 million in dividends to shareholders, it generated $3 billion of cash and ended the quarter with $10.2 billion in net cash.

For reference, NVDA entered the year with $5.6 billion in net cash. NVDA guided for the next quarter to see revenues of $8.1 billion, representing 43.1% year over year growth and 6.5% sequential growth.

Based on the guidance for expenses, NVDA might generate $2.75 billion in net income, representing 45% YOY growth.

Can Nvidia Stock Reach $300 In 2022? Wall Street analysts seem to think so. The average price target is $340.74 per share, representing 45% upside.

At $300 per share, NVDA would be trading at 54x forward earnings estimates, which appears within reason albeit rich.

The world is going digital - there’s no stopping that. That will lead to increasing demand for semiconductor chips. NVDA is positioned strongly to benefit from these tailwinds. Video gaming should continue growing as the company helps push the limits of video game.

As a long term shareholder, adding on the dip and expanding share count gradually. Market is adjusting to the rate hike of .25%. Russia invaded Ukraine, thus; NATO is united and presence is stronger than ever. Russia is losing its momentum and Ukraine president showing strength and support from around the world, defending its nation. Investors are regaining confidence gradually. $PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$

Where do you see NVDA price target within the next two weeks?