Nvidia Stock Nears Its All-Time High. Is It a Buy Now?
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Nvidia's stock surged 6.4% after reporting a record $44.1 billion in revenue, nearing its all-time high. The company experienced a 73% year-over-year growth in data center revenue, exceeding expectations. Despite potential revenue losses from China, Nvidia guided for $45 billion in fiscal second-quarter sales. The gaming segment also contributed significantly, with $3.8 billion in sales. With cash reserves at $53.7 billion, Nvidia's strong business prospects in AI infrastructure and other sectors make it an attractive investment opportunity.
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