NVIDIA Corporation designs graphics processing units, or GPUs for the gaming and professional markets.
They also design chip units for the automotive market and mobile computing.
Their graphics chips power everything from the slick graphics of the latest video games, to the market charts and graphs displayed on my home trading station.
These guys are everywhere.
Well, the stock made some moves after yesterday's close.
Their shares took a slight dip, even after having a blowout quarterly report.
Earnings and sales beat the Street's expectations in the first quarter. NVIDIA's revenue has grown 88% compared to last year, and the stock has rallied 20% this year.
That's a power play.
I'm not saying to buy this stock right now.
However, when it does reach the optimal buy zone, my members will be the first to know.
Market Traders Daily Director of Client Services 888-228-2376
Disclaimer: Futures, forex, stock, and options trading are not appropriate for all traders. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or against losses. No representation or implication is being made that using any of these methodologies or systems will generate returns or ensure against losses.
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