) has had a bumpy ride over the past month as the tech sector is just beginning to recover from the wide sell-offs seen at the beginning of August. With the chipmaker's next earnings report around the corner — Wednesday, August 28 — could Nvidia be the leader for another tech rally?
But here are under pressure today down about 610 of a percent though video is still up over 40% from its August lows adding over $500 billion to its market cap in just three weeks.We've got Dan now he's the founder and portfolio manager and Niles Investment management, Dan, it's great to have you on here.
I think the revenues will double over the course of the next several years and I think the stock will as well.Then at these levels, I'm not a buyer here at these levels. But as we've seen the market's really volatile and when you've got big companies like Microsoft, Amazon and Google, where the Ford revenue numbers are coming down, not up after they report it and they're the biggest customers for NVIDIA.Dan put this in perspective for our viewers because so many people have talked about the fact that NVIDIA could be the next catalyst here for the markets.
So at some point, you're gonna go through this digestion phase and for the viewers who don't remember, remember these same customers caused NVIDIA to preannounce negatively negatively in the early part of 2022 because these same customers were going through a digestion phase at that time as well.I mean, even with Cisco, that's stock was down 38% intra year in 1997 from peak to trough, it was down 37% in 1998 peak to trough.
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