Wall Street as Nvidia holds breath ((NVDA) Prepare to report its fourth-quarter results on Wednesday. Despite the high valuation, Patrick Moorhead, chief analyst Moore’s InsightsI believe this AI giant still has “a lot of room for growth”. He joined TheStreet to discuss what investors should pay attention to before NVIDIA’s highly anticipated earnings report.
Related: NVIDIA’s stock response this week will be a huge S&P 500
The following complete video transcript:
Conway Gittens: OK Talk to me about Nvidia. Do you have to hold your breath until the results of Nvidia February 26?
Patrick Morehead: I don’t know, this is one of these stocks, anything breathing or rumoring. I mean, I think there are seven Blackwell delay rumors that end up being inaccurate. And, we have DeepSeek coming in and showing risks. According to Biden’s last day, it’s a bit sold. Some rules about export. But I think using Nvidia, it has a lot of legs. Especially because the construction has to continue until we reach the AGI. Then we have to enable all endpoints, all cars, all robots, all PCs and all PCs and all endpoints, and Nvidia has a lot of room to grow.
I know that this sounds incredible given their valuations, but they aren’t a lot of such markets. Even from their H series to their B series, they not only sell chips, but also sell full sets of shelves, they are selling networks and are selling software. As a result, the amount of content for each of these solutions is rising. People are not only going to replace chips. At least so far, competition from AMD and Intel and others have not been able to take a bite from NVIDIA. As long as Nvidia stays ahead, I don’t think they have a reason to do so, they may lose market share by percentage, but the dollar value will keep rising.
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