NVDA shares purchased for first time with strong fundamentals cited, Steve Hou notes

NVDA shares purchased for first time with strong fundamentals cited, Steve Hou notes
NVDA bought with strong metrics noted

Steve Hou stated that he purchased NVDA for the first time, describing it as a good investment at $180 per share. He highlighted 12x next twelve months earnings, a 65% operating margin, and an estimated 140% next twelve months revenue growth, while also noting rising short interest in the stock.

Hou has previously identified technology as the strongest segment of the current market cycle, emphasizing the authenticity of recent technical whitepapers in the sector in a prior analysis. He has also drawn a comparison between AI and crypto development pathways, highlighting parallels in their respective roadmaps in another recent note. These earlier observations provide context for his current view on NVDA.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.