Nvidia (NVDA) reports earnings Tuesday February 9th after the bell.
It was one of our favorite stocks last year.
Nvidia went up 226% in 2016
Many wonder if it can keep up the hot streak
The company is growing due to many mega-trends
Nvidia created the 1st GPU in 1999
It’s the leader for Graphic Processing Units
* AI – Artificial Intelligence
* Virtual Reality & Augmented Reality
* Self-driving cars
80 companies, including Tesla (TSLA) and Baidu (BIDU) are using the Nvidia Drive PX 2 AI computing platform
Last month, Nvidia’s CEO gave the keynote address at CES in Vegas
Options are pricing a 9.8% move up or down after earnings
Over the past 7 quarters, the stock has gone up 19% on average after earnings
Earnings are expected to increase by 137%
Revenue is predicted to spike 50%
We are long Nvidia!
Long live Nvidia
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