Nvidia is 'central to the growing tech story': Strategist

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Nvidia News

Jay Woods

Nvidia (NVDA) announced a 10-for-1 stock split alongside its positive first-quarter earnings print. The chip-making giant continues its run reaching...

. The chip-making giant continues its run reaching quadruple digits in stock price — up over 115% year-to-date — with little signs of slowing down."This quarter they made $26 billion in revenue. In 2022, It was $27 billion. So in one quarter they matched what was a weak year, a down year, but it's the growth continues to rise. 600% year-over-year net income, 500% year-over-year EPS. Five years ago, it was a $100 billion company. Now it's $2.5 trillion.

Uh If you own it, you're gonna have 10 times more shares the value is the same, but it does feel great when you own a stock that splits.The Dow Jones industrial average is price weighted, not market cap.

Now, Jay, I'm gonna play this clip for our viewers here who maybe weren't able to tune into Morning brief when we were speaking with John Vin, uh about his own outlook and what some of the catalysts are for the stock right now.Let's play this for the viewers real quick.

The their partnership with continued partners are great and then the competition, they may nip at their heels but they're not really making a dent and the Blackwell chip, he already announced that and then the chip that's gonna replace that down the road.So the multiples are justified and that pe ratio, you, you go back to.com people like to compare this to the.com bubble, maybe it's the beginning of a bubble, but they're the leader of the bubble.

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