Nvidia (NASDAQ:NVDA) stock price has staged a strong comeback, rising from last month’s low of $189.90 to $223.96.
The stock has now climbed to its highest level since June 2, with both technical indicators and strong fundamentals suggesting that the rally could continue ahead of its second-quarter earnings.
Nvidia Valuation Metrics Show it is Bargain Nvidia has become one of the biggest beneficiaries of the ongoing artificial intelligence boom, thanks to its GPUs and networking solutions.
Its revenue and profits have also surged in the past few years, and analysts predict that the trend will continue.
The most recent numbers showed that its revenue jumped by 85% in the first quarter to $81.6 billion, with its data center segment making $75.2 billion.
