Use Any Weakness To Buy Nvidia’s Stock

Nvidia reminds us a little of the old Apple [View in browser]( [The Juice Logo] BROUGHT TO YOU BY: [Logo]( Proprietary Data Insights Top Stock Searches This Month Rank Ticker Name Searches #1 [NVDA]( Nvidia 944,556 #2 [AAPL]( Apple 321,861 #3 [AMZN]( Amazon.com 309,860 #4 [TSLA]( Tesla 285,747 #5 [MSFT]( Microsoft 222,808 #ad [Dive into Expert Picks - We Spill the Best Daily!]( Brought to you by [Stansberry Research]( [This Could Be the End of Kamala]( [ Stansberry Research - This Could Be the End of Kamala]( On September 9, the “October Surprise” that precedes White House elections could come early… Upend the election… And open a historic investment opportunity. If you know what’s coming, you could double your money 10 times, as we showed during 2020’s election year. [Click here to learn more.]( Use Any Weakness To Buy Nvidia’s Stock It’s Nvidia’s (NVDA) world and everybody else is just living in it. After the company reported earnings on Wednesday, its stock dropped after hours. Sometimes when we don’t want to be influenced by emotion, we try not to look. In fact, sometimes we’ll set a limit order in our brokerage account to buy on weakness. Weakness being whatever price you think is too low to pass up. However, in NVDA’s case, only doing this would mean you’re not buying on strength. And, [as we have been discussing recently](, with tech stocks such as NVDA, history shows that buying on the way up is a solid strategy. Therefore, in our view, you set automatic weekly, bi-weekly or monthly investments into NVDA no matter the price. You set a limit order to buy on weakness. And, if you have extra cash and don’t have anything else pressing on your watchlist, buy more. Just as long as you’re also diversifying in other stocks (think other tech names, dividend payers and broad-market ETFs). Because the only thing Nvidia is guilty of — if anything —is not living up to sort of absurd expectations. Here are the highlights from the company’s quarterly earnings report: - Earnings per share of $0.68 versus a consensus estimate of $0.64. - Revenue of $30.04 billion against $28.7 billion anticipated So, Nvidia actually beat on two of the big headline numbers. In a big way. But here’s where the trouble comes and why investors punished the stock a little bit during after hours trading on Wednesday. Typical market reaction. So typical. Too typical. We have seen it time and time again. - Nvidia guided to about $32.5 billion in revenue for the current quarter, which would represent 80% year-over-year growth. This represents a drop in the growth rate from 122% in the just-reported quarter and a plus-200% growth rate in the three previous quarters. - Nvidia experienced earnings growth of nearly 169%, year-over-year, in the just-reported quarter. As we told you in yesterday’s Juice, the growth rate was 500% over the three previous quarters. So, growth is slowing, but c’mon. As for AI— - The data center accounted for 88% of sales. Revenue in that segment increased 154% annually and also beat analyst expectations. Nvidia also announced an authorization to buy back $50 billion worth of its shares. It ended the quarter with $34.8 billion in cash, up 10.8% from last quarter and up from just under $26 billion last year. This company is a powerhouse. As we said at the outset, buy more. To a small, yet meaningful extent, any weakness in NVDA reminds us of how investors used to treat a company we still have a soft spot for in our hearts — Apple (AAPL). The Juice reviewed old Apple earnings reports and saw that when that company faced a similar situation, its stock took a short-term drop only to fully recover, and then some. Of course, Apple’s revenue and sales growth was never like we have seen from Nvidia recently, which actually makes us even more bullish on Nvidia. What we’re seeing from these guys is just insane. In July, 2021, Apple reported record quarterly revenue of $81.4 billion (more than Nvidia) and annual growth rate of 36% (not nearly as much as Nvidia). At the time, Apple’s stock dropped about 4% in the few days post-earnings. Within a week it rebounded and, since that time, it’s up approximately 52%. We remember several times where similar things happened to Apple and other tech companies facing lofty expectations. Expectations only placed upon them because of their incredible performances. This is why The Juice says, keep buying NVDA no matter what. And if you find a dip, buy more. [Get ready for a DRAMATIC shift now headed for U.S. stocks]( Money managers might tell you it’s impossible to perfectly time a market crash. But one former hedge fund manager CNBC calls “The Prophet” is stepping forward to prove them wrong. Whitney Tilson has accurately predicted nearly every major market crash of the 21st century – often to the exact day. With this eerie track record, you can see why Tilson successfully tripled his clients’ money during his time on Wall Street. And has been featured on 60 Minutes, in the Wall Street Journal, and on the cover of Kiplinger’s magazine. As AI stocks stumble, Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now – especially a tech stock – you need to see what he’s calling for today. [Click here to hear his new crash warning, 100% free.]([Ad] The Bottom Line: It’s a short and sweet bottom line today. Post-earnings moves are often the best opportunities for long-term investors. Wall Street sets expectations. Companies such as Nvidia beat them handily. Then, Wall Street acts as if they did something wrong. Granted, we think most good analysts will come out and say any downside is likely overdone. We’ll see. All we know is that there’s big money out there that’s not satisfied. So much so that they’re taking profits. Never a terrible thing do, but we also think if you abandon NVDA now, you’re going to miss a ton of upside in the months and years to come. [-facebook-share]( [-twitter-share]( [-linkedin-share]( [-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D627233?utm_medium=ic-nl&utm_source=121673 ) News & Insights Freshly Squeezed - [One Of Our Top Stock Picks Doubled And Still Has Room To Run]( - [Beyond Traditional Investments: Embrace Diversity]( - [2 ETFs For Growth And AI Exposure]( - [Check Out The Juice’s Favorite ETF Screener]( [News & Insights-facebook-share]( [News & Insights-twitter-share]( [News & Insights-linkedin-share]( [News & Insights-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D627233?utm_medium=ic-nl&utm_source=121673 ) [We want to hear from you. 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