Nvidia earnings: There is a reason NVDA stock is soaring in 2023
The business might have bottomed but the stock is still expensive.
In this video, I will talk about Nvidia's (NASDAQ: NVDA) fourth-quarter earnings and explain why we have seen its stock soar close to 50% this year. The markets are forward-looking but even for a great business like Nvidia, valuation matters.
*Stock prices used were from the trading day of Feb. 22, 2023. The video was published on Feb. 23, 2023.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The Motley Fool is a Paste BN content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of Paste BN.
Offer from the Motley Fool: Find out why Nvidia is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. Nvidia is on the list -- but there are nine others you may be overlooking.
Click here to get access to the full list!
*Stock Advisor returns as of February 8, 2023