Do not give up NVIDIA (NVDA) during sales after the chief sales. At least it is the word of AI investor Cathie Wood.
NVIDIA is still a high -growth stock, and Ark Invest founder told Yahoo Finance at the Bitcoin Investor Week Conference held in New York City on Friday. Wood believes that even if the company’s margin is slightly compressed due to the new AI chip competition between AMD (AMD) and Amazon (AMZN), stocks can still be 20% complex.
Wood said, “This mayor is not alone in NVIDIA, but NVIDIA is all praise for the amazing opportunity it has made.” Wood said. “In fact, the AI Revolution is in progress, and we still think it will play a powerful role.”
Wood said he continued to hold NVIDIA stocks.
Close: February 28 at 4:02 pm
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NVIDIA announced on Wednesday evening that the new Blackwell Chip fought against the production competition, and the total profit margin was expected from 70.6%to 71%in the first quarter.
The 71%margin outlook is “a little relevant,” and Cody Acee, managing director of the benchmark company and chief research analyst, talks about Yahoo Finance’s market domination. “I show more price sensitivity as it invests in more priced pressure, competition with AMD (AMD), and investing in its owner to create customer ASIC. [application-specific integrated circuits]. “
On Thursday, NVIDIA stocks decreased 8.48%after togling between profits and losses. Stocks rebounded 1.5% on Friday.
In the import phone of the company, NVIDIA EXECS said that HyperScalers and NVIDIA’s margins such as Amazon (Amzn) would have a digestion of AI investment at the peak.
Jensen Huang, founder and CEO of NVIDIA, said, “We will continue to expand because the demand is quite high. The customer is anxious and unstited to secure a black well system. ” Huang unveiled some new chips unveiled at the company’s March 17 GTC conference.
NVIDIA CFO COLETTE KRESS added: “Once the Blackwell is completely round, we can improve costs and gun margins. So we are expected to be in the mid -70s later this year.”
Brian Hill This is the editor -in -chief of Yahoo Finance. Follow sozzi in X @briansozzi,,, Instagramand LinkedIn. Tips for the story? Send email to email brian.sozzi@yahoofinance.com.
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