Bullish outlook for Nvidia driven by strong earnings and strategic partnerships

3 months ago

"Their shares have been up more than 3%, so they're on track to become the world's first $5 trillion public company. It announced a number of things, right? New partnerships with companies like Uber, Palantir, CrowdStrike. It said it's taking a $1 billion equity stake in Nokia. And the new earnings view brings the p e down because the denominator goes up down to 44. And if you go on the January 27, so the calendar year 26 estimates a multiple comes down to something in the low thirties. The Bulls say this is a company that's earning its way into its valuation."

Nvidia is highlighted for its robust share performance and a series of strategic announcements including major partnerships and an improved earnings outlook, suggesting that its valuation is supported by underlying earnings growth.

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