![]() ![]() Huang wouldn’t have made the deal if he thought a solution wasn’t there for the taking. He’s built the company from something focused on PC graphics to a business with multiple revenue streams, the two most prevalent being data centers and gaming.” “Another good CEO is Nvidia’s chief executive and founder, Jensen Huang. That’s the hallmark of a good CEO,” I wrote. “Ultimately, when Su does leave, she will depart with the company in a much better place than when she took the job in October 2014. ![]() I said as much in my August article while discussing rival CEO Lisa Su, of Advanced Micro Devices (NASDAQ: AMD). What I do know is that Jensen Huang, Nvidia’s chief executive officer and co-founder, is very good at his job. I’m not about to profess any insider knowledge that would allow me to handicap the likelihood of approval by all the relevant parties. “‘Regardless of whether the US government stands behind the purchase, its impact on China’s semiconductor industry is not something we want to see in the future.’” “Xiang Ligang, director-general of the Beijing-based Information Consumption Alliance, told the Global Times that the Chinese government is likely to play a role in reviewing the case and the chance of its approval is low,” Global Times contributor Zhang Hongpei reported September 14. It’s hard to know whether Nvidia will get regulatory approval from all the different parties that must give it their blessing: U.K., European Union, U.S., and China. From the December 2018 lows, it is up 285% over the past 21 months. What’s even more impressive is that days after my September 2018 prediction, NVDA stock fell by 50% in three months due to the late 2018 market correction. At the time of my September 2018 guess, and yes, it was nothing but a guess, it had been on a three-year run that saw its stock move from $23 to $280, a more than 10-fold appreciation. I felt confident about Nvidia’s chances given it was dollars away from hitting $500 for the first time, approximately two years after I predicted it would. In my most recent article about the company, I argued that a $1,000 share price could come sooner rather than later, suggesting its free cash flow generation would continue to attract its fair share of investors. More importantly, it regained a $500 share price after briefly hitting this level for the first time in late August before retreating into the $400s come September. ![]()
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