There are reasons to believe that NVIDIA’s (NASDAQ: NVDA) stock price could pull back in September, but it’s not a possibility worth betting on. Although the approximately 100% stock price advance since April provides ample reason to take profits, the Q2 results and guidance do not.
They affirm the long-term outlook for this company, which is to maintain a leadership position among semiconductors and AI specialists and sustain a robust double-digit revenue and earnings growth pace through the middle of the next decade.
