Will Nvidia's Mouthwatering Rally Hit A Wall? Fund Manager Says AI Stalwart Poised To 'Grow Higher For Longer' Ahead Of Q4 Results
Portfolio Pulse from Shanthi Rexaline
Gene Munster of Deepwater Asset Management predicts Nvidia (NVDA) will surpass Wall Street's Q4 expectations and continue to grow due to improving supply and AI advancements, despite challenges from China's chip ban. Munster expects upward revisions to Nvidia's earnings growth estimates post-Q4 results, highlighting the company's potential for sustained growth driven by AI developments across various sectors.
February 16, 2024 | 9:05 am
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Nvidia is expected to exceed Q4 expectations with a 236% growth, driven by improving supply and AI advancements. Despite China's chip ban, the company's diverse AI growth drivers could sustain its long-term growth.
Nvidia's expected outperformance in Q4, driven by improving supply and strong AI advancements, positions it for sustained growth. Despite regulatory challenges from China's chip ban, the company's focus on AI across various sectors supports a positive outlook. Gene Munster's analysis suggests potential for upward revisions to earnings growth estimates, indicating a bullish sentiment for Nvidia's stock in the short term.
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