Is Nvidia Stock a Buy Now?
It would be an understatement to say that Nvidia (NASDAQ: NVDA) crushed Wall Street's expectations with its outstanding guidance when it released its fiscal 2024 first-quarter results for the three months ended April 30 on May 24. The latest surge has brought Nvidia's year-to-date gains to a whopping 166%, which leads to the question of whether it is too late for investors to buy this high-flying semiconductor stock. Nvidia's Q1 2024 revenue came in at $7.2 billion, down 13% over the prior-year period.