Nvidia Surged Today — Is It Too Late to Buy the Artificial Intelligence (AI) Leader’s Stock?

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Nvidia Surged Today — Is It Too Late to Buy the Artificial Intelligence (AI) Leader’s Stock?

Nvidia (NASDAQ: NVDA) stock posted a big gain in Wednesday’s trading session, up by 12.8% at the close, according to data from

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The chipmaker got a boost from bullish news in the quarterly reports published by Advanced Micro Devices and

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Tuesday. Both high-profile tech players beat expectations for sales and earnings, and each shared additional details that bode well for Nvidia.

Is it too late to buy Nvidia stock?

In its Q2 report, AMD touted a 115% year-over-year revenue increase for its data center segment. That’s likely a positive sign for Nvidia, despite AMD being a competitor in the market.

Nvidia is by far the leader when it comes to making high-powered graphics processing units (

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) for data centers and artificial intelligence (AI) applications, and AMD’s second-quarter results signal that demand in that category ******** robust. AMD stock closed out Wednesday up 4.4%.

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’s stock actually fell 1.1% after its Azure cloud segment missed some analysts’ expectations, but the software giant had good news for Nvidia investors.

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, which is widely believed to be Nvidia’s biggest customer, reported that it was continuing to increase its capital expenditures to strengthen its AI initiatives.

On the heels of Wednesday’s pop, Nvidia is trading at roughly 43 times this year’s expected earnings. That’s a growth-dependent valuation, but it doesn’t look exorbitant when viewed in the context of the company’s recent performance, competitive strengths, and untapped growth opportunities.

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NVDA PE Ratio (Forward) Chart

In its fiscal 2025 first quarter (which ended April 28), Nvidia’s sales surged 262% year over year to $26 billion, and earnings per share increased 629%. For fiscal Q2, management’s guidance was that sales would increase by 107% to $28 billion, and it’s likely that its earnings per share will once again more than double. The company is scheduled to publish its fiscal Q2 results after the market closes on Aug. 28.

Expectations are undoubtedly high for Nvidia, and the stock could remain volatile in the weeks leading up to and following the report. But signs suggest that demand for its hardware has remained strong, and the release of the company’s next-generation Blackwell chip platform looks poised to be a major performance catalyst for it later this year.

Should you invest $1,000 in Nvidia right now?

Before you buy stock in Nvidia, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 

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for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

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Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $635,614!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.

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*Stock Advisor returns as of July 29, 2024

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has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices,

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, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on

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and short January 2026 $405 calls on

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. The Motley Fool has a

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.

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was originally published by The Motley Fool

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