Reported 5 months ago
Nvidia's stock price has surged over 115% year-to-date, reaching quadruple digits, and announced a 10-for-1 stock split alongside positive first-quarter earnings. Freedom Capital Markets Chief Global Strategist Jay Woods highlights Nvidia's impressive performance, with revenues matching a previous weak year in just one quarter, showing 600% year-over-year net income growth. Woods emphasizes Nvidia's importance in the tech industry, serving major companies like Amazon, Alphabet, and Microsoft, positioning it as a central player in the tech story. Woods suggests that Nvidia's trajectory is still early, possibly in the third inning, making it a crucial stock to hold. The stock split could also potentially lead to Nvidia being added to indexes like the Dow Jones Industrial Average.
Source: YAHOO