Why Nvidia Corporation (NVDA) Stock Is Heading to $200
NVDA stock presents a solid buying opportunity for long-term investors
By Richard Saintvilus
Forward price-to-earnings ratio at 42
Q2 gross margins did climb 50 basis points YOY to 58.4%, it marked the decline of one full point from the first quarter.
When factoring the company’s continued growth in data center combined with opportunities in the automotive market, where Nvidia chips are at the center of autonomous driving technology, not to mention the impact AI, the company’s addressable market is massive.
As such, I see a scenario where Nvidia can triple its revenue in the next three to five years, while more than doubling its profits.
Source: Investor Place
http://investorplace.com/2017/08/nvidia ... ZTkuFGg-M8