The Success of Nvidia's Blackwell Isn't the Only Reason to Buy the Stock

Nvidia's (NASDAQ: NVDA) strong artificial intelligence (AI)-related growth has driven the shares up 179% so far in 2024, at the time of this writing. The stock trades at a high price-to-earnings ratio of 55, so investors understandably have high expectations for growth heading into the new year.However, Nvidia's new Blackwell generative AI architecture platform, which is expected to trigger the next wave of demand for the company's Blackwell graphics processing unit (GPU) chips, may not fully ramp up until the middle of next year. Still, Nvidia's quarter reveals there is enough momentum with existing products to justify its valuation.Nvidia's revenue grew 94% year over year in fiscal 2025's third quarter, driven by the data center business. But it also posted strong double-digit growth from gaming, professional visualization, and automotive, with automotive revenue surging 72% year over year thanks in part to increased demand for Nvidia's self-driving computing platforms.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool