Nvidia: Surfing Tailwinds Through 2023


  • We continue to be bullish on Nvidia Corporation post earnings results.
  • Nvidia Corporation stock is up nearly 61% since we first upgraded to a buy last October; we expect the stock rally to continue as Nvidia experiences demand tailwinds toward 2H23.
  • We expect Nvidia to see demand recovery this year, driven by new product cycles and the AI boom.
  • We believe the downside of crypto-mining GPU demand has been priced into the stock; we now expect Nvidia’s core businesses of gaming and data centers to experience sequential growth.
  • We believe Nvidia is rebounding amid the global hype on AI, and recommend investors buy the stock at current levels.

Nvidia headquarters in Silicon Valley

Sundry Photography

We remain buy-rated on NVIDIA Corporation (NASDAQ:NVDA) post 4Q23 earnings results. We believe NVDA is rebounding toward 2H23 and expect the company to experience significant demand tailwinds driven by its new product cycle and hype around


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NVDA earnings presentation 4Q23





Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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