Nvidia Beat Expectations in the Third Quarter. History Says the Stock Will Do This Next.

Nvidia (NASDAQ: NVDA) stuck to tradition when it reported third-quarter earnings last week. By this, I mean the tech giant went on to once again beat earnings expectations -- it's done this for at least the previous four quarters. It's easy to understand why Nvidia has been delivering such excellent surprises to investors quarter after quarter. The company is the leader in one of today's hottest markets: artificial intelligence (AI).Nvidia dominates the AI chip market, holding 80% share, but also has built an AI empire, selling a wide variety of products and services. All of this has helped Nvidia generate triple-digit data center revenue growth over the past several quarters. The company also is highly profitable, with margins of more than 70%. Nvidia's shares have followed this momentum, soaring in recent years -- and this year is no exception, with the stock heading for a gain of almost 200%.Now, you may be wondering what's next for this high-flying stock. Will it rise or fall? Is now a good time to invest, or is it too late? Let's use history as a guide.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool