| Earlier this week, Nvidia (NVDA) upped its quarterly revenue guidance by a full 50%. That's revenue — the “top line” — not profits. The catalyst? Artificial intelligence. That's right: AI. And the AI Revolution is unfolding faster than anyone expected. Even Nvidia. “The computer industry is going through two simultaneous transitions—accelerated computing and generative AI,” Nvidia CEO Jensen Huang said in a company statement. “Our entire data center family of products—H100, Grace CPU, Grace Hopper Superchip, NVLink, Quantum 400 InfiniBand and BlueField-3 DPU—is in production. We are significantly increasing our supply to meet surging demand for them.” Despite its already-rich valuation, investors had a field day with Nvidia's earnings beat. The stock price is pushing toward the 400-dollar level as I write this. 
That's a steep climb from where it was trading at 310 on the day before the announcement. Fortunately for you, LikeFolio has been pounding the table on NVDA since it fell under 200 almost a year ago. 
In June of 2022, we issued a special “Buy-of-the-Century” report on Nvidia, saying “We're buying NVDA below 200 per share" because "we believe NVDA will be a 500-dollar stock within five years.” As of market open Thursday, that position was up 143%. In September 2022, we doubled down with a buy alert on NVDA under 130 per share, citing exploding incoming demand in AI, self-driving cars, and data-center use cases. That position has gained 198%. In January 2023, we tripled down on NVDA with a buy alert at 173, calling it an “oversold” stock ready to soar. Another 122% in a matter of months. Heck, since we first brought you NVDA here in Derby City Daily on February 27, it's surged 63%; since our March 2 feature issue, it's up an even bigger 71%. Like I said — we've been clobbering the table on Nvidia. That's because we could see what Wall Street hadn't figured out yet: Nvidia already had a massive claim to the AI boom, well before ChatGPT brought it mainstream. 
The company has been tinkering with artificial intelligence applications for decades. Its chips and graphics cards can be found behind some of the world's most profound AI tech. And now that the world is catching onto the incredible potential of AI, Nvidia is fulfilling its “destiny” as one of the leading moneymakers in the industry. But there are a lot more AI stocks out there for investors. So, as Nvidia barrels toward a trillion-dollar market cap, we're spotlighting a few… “non-traditional” AI stocks. Not the tech giants that everyone already knows about. The smaller players… the “undercover” AI investments… the companies you otherwise wouldn't have guessed were “AI plays.” Some of these names have found unique ways to leverage AI with promising profit potential. While others… we're not so convinced. Yet. Check out these AI successes and failures (so far)… Click here to continue reading | 
No comments:
Post a Comment