Should You Buy Nvidia Stock Before Jan. 6?

Nvidia (NASDAQ: NVDA) reported a stellar performance for the third quarter of fiscal 2025 (ended Oct. 27, 2024), with revenue and earnings soaring year over year by 94% and 109%, respectively. The company reported revenue of $35.1 billion, far ahead of its guidance of $32.5 billion -- driven by broad-based strength across businesses. Unsurprisingly, the artificial intelligence (AI)-powered data center segment was the company's major growth catalyst, with revenue rising 112% year over year to $30.8 billion.Despite the amazing earnings performance, Nvidia's share price dropped slightly after the report's release. Investors were disappointed and seemed to have expected a stronger performance. The increased hype around Nvidia over the past two years made it difficult for the company to surpass market expectations.However, the market sentiment may soon change for the better. CEO Jensen Huang will deliver the opening keynote at the 2025 CES (Consumer Electronics Show) on Jan. 6. Here, Nvidia is expected to release next-generation graphics processing units (GPUs) such as the RTX 5080 and RTX 5090. With major announcements anticipated in early January 2025, share prices may see an impressive boost in the coming months.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool