NVIDIA Chips Away At The Competition To Earn Top Buy Rating

NVIDIA Chips Away At The Competition To Earn Top Buy Rating

NVIDI



NVDA

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NVDA

Corp (NVDA) closed up 3.5% to $590.57 on Wednesday on the back of 12 million trades, trending significantly higher than the 22-day price average of $541.38. The stock is already up over 12.5% in 2021, continuing a year of gains on the back of stay-at-home orders, eLearning, and work-from-home arrangements.

In fact, NVIDIA has had a stellar year overall. Their revenue grew by over 35% in the last fiscal year, making up a substantial chunk of their 52% growth in the last three to over $10.9 billion. Their operating income has increased too - by a whopping 47.7% to nearly $2.85 billion. 

And, as their profits and production have increased, so have shareholders' fortunes, as EPS has risen over 35% in the last fiscal year to $4.52. Currently, the company is projected to grow by 17% over the next year, and they're trading with a forward 12-month P/E of 54.38. 

Now that we've taken stock of NVIDIA's year by the numbers, let's peek behind the curtain and see what's powering their good fortunes.

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