NVDA stock is proof that the company is on the right track and will continue to grow in the coming years. Nvidia still has a lot of potential to expand and attract new users. Even if the company only focuses on the top two segments, it will be able to generate significant revenue. It has massive growth potential in the automotive segment and the industry is hot today.ĭo not worry about the Arm deal or the cryptocurrency mining segment. The company also has a presence across several industries and segments. Gaming and data center are the top two revenue-generating segments for Nvidia but it doesn’t stop there. It is one tech stock that can outpace the S&P 500 and could reap strong returns for investors. But this shouldn’t affect the fundamentals of the company or the potential of NVDA stock.

However, there is news that Nvidia is planning to abandon the acquisition of Arm. I believe the company will be able to meet its projections and could impress investors with more details about the Omniverse. It expects revenue of $7.40 billion and an EPS of $1.22. Nvidia has already beaten the analyst expectations for the past six consecutive quarters. 16, there is ample optimism among investors. It also saw a massive rise in revenue from data centers, which was up 55% year over year.Īs the company gears up to report the fourth-quarter results on Feb. In the third quarter, the company reported record revenue of $3.22 billion from the gaming business, which was a 5% increase from the previous quarter and 42% higher than the same period a year ago. However, I believe the stock has massive growth potential and it is a good addition to your portfolio. The stock went as high as $333 in November and has shown volatility since then.

NVDA stock was trading close to $150 last year and is trading at $243 today. Call it data center gains or the massive growth in the gaming segment, there is no stopping the momentum of the company.

Nvda earnings call today