
3-Minute Breakdowns
Should you buy Nvidia stock? (November 2023)

3-Minute Breakdowns
•11-26-2023
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Nvidia stock analysis. Ticker: $NVDA
Nvidia just reported another record quarter. Revenue more than tripled to 18 billion and gross margins increased 20% year over year to 70%. Despite the impressive quarter, Nvidia stock actually fell and is down 4% on the week.
That means Nvidia now has a market cap just under 1.2 trillion dollars. It’s got 18 billion dollars of cash on the balance sheet and 11 billion of long term debt.
Revenue over the last 12 months is now 45 billion dollars, that’s 64% higher than at the same time last year. And net income is running at 19 billion, roughly 200% higher. So why did the stock drop?
#nvidiastock #investing #stockstobuy
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