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Nvidia At All Time High As AI Conference Looms; Is Nvidia A Buy?
Nvidia delivered yet another beat-and-raise quarter in February. Earnings of $5.16 per share on sales of $22.1 billion beat views of $4.59 earnings per share and $20.4 billion in sales.
Earlier, the company observed that limited supply of AI chips as the biggest challenge to growth. Customers may also wait for the next generation B100 chip that is expected in the coming quarters. Baird analysts saw this as a good thing. B100 chips will have better performance and will likely have a higher average selling price.
The AI-chip maker also disclosed its recent stakes in several smaller AI plays in a filing with the Securities and Exchange Commission.
Also in February, Chief Executive Jensen Huang gave a rosy outlook for data center spending — a key segment for Nvidia. Does that mean Nvidia stock is a buy now? $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$
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