From Nasdaq: 2024-11-18 13:24:19

This week, Nvidia (NASDAQ: NVDA) will release its Q3 earnings, with investors eager for updates on recent supplier issues and Blackwell chip release. Despite potential risks, three reasons indicate Nvidia is a strong buy, including successful chip rollout, tech giants’ increased spending on AI, and Nvidia’s robust free cash flow.

Tech giants like Microsoft, Meta, and Alphabet are investing heavily in data centers to support AI, benefitting Nvidia. Meta plans to boost capital expenditure significantly by 2025, while Alphabet spent $13 billion last quarter on data centers. Nvidia’s strong free cash flow allows for market dominance defense, shareholder rewards, and significant stock buybacks.

Nvidia’s commitment to rewarding shareholders is evident through significant stock buybacks and strong financial health. Don’t miss out on potentially lucrative opportunities by investing in companies our analysts predict are on the verge of significant growth. Past “Double Down” stock recommendations have yielded impressive returns for companies like Amazon, Apple, and Netflix.

The Motley Fool’s board includes executives from Alphabet and Meta, with no position in mentioned stocks. The Motley Fool recommends and has positions in Advanced Micro Devices, Alphabet, Meta Platforms, and Nvidia. Personal views expressed do not reflect those of Nasdaq, Inc.



Read more at Nasdaq: 3 Reasons to Buy Nvidia Stock Before November 20