Is Nvidia Stock A Buy?

On a fundamental level, Nvidia is poised for explosive growth. Earnings should more than triple this fiscal year, driven by booming chip sales for data centers and artificial intelligence.

The fabless chipmaker is expanding in other growth areas, such as automated electric cars, cloud gaming and the metaverse as well.

But AI competition is intensifying. Macroeconomic uncertainties linger. Geopolitical risks are also rife, from the U.S.-China trade war to actual war in Ukraine and Israel.

NVDA stock has staged a massive comeback, more than tripling in 2023 so far. It came under pressure after its latest earnings report and has now undercut a buy point.

Bottom line: Nvidia stock is not a buy right now. As a chip company with exposure to top growth markets, NVDA is always one to watch.

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