After its third quarter earnings report, chipmaker NVIDIA Corporation (NASDAQ 🙂 attracted significant retail investor attention. The stock’s promising prospects for long-term growth have been tempered by a slight decline in its price over five days because of market volatility. Is it a good time now to invest in NVDA Find out more. NVIDIA Corporation, Santa Clara (Calif.) is a manufacturer and supplier of semiconductors and visual computing technology. The company is the global ninth largest manufacturer of semiconductors, accounting for a total market value of $752.53 billion.

It has capitalized on the semiconductor shortage for the past year as shown by impressive financials. Year-over-year, its trailing-12 month revenues and EPS grew by 64.3% as well 52.7%. And for its fiscal 2022 third quarter, ended October 31, 2021, NVDA’s revenues increased 50% year-over-year to a record $7.10 billion. Non-GAAP operating income was $3.39B, an increase of 70% over the previous year. NVDA’s net income, which is not GAAP, increased 62% to $2.97B from the preceding-year quarter. Its non-GAAP EPS rose 60% from the year-ago value to $1.17, beating the Street’s estimate by 5.4%.

NVDA is a symbol of reopening trading and has gained momentum in the last year, as the global economic recovery was slowly underway following the removal of social distancing barriers and lockdowns caused by pandemics. Stock prices have risen by 132.8% over the past 12 months and 73.3% the past 6 months. NVDA fell 1.6% during the five-day period, despite market volatility rising and a wider market pullback.

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