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When you consider that Nvidia’s free cash flow (FCF) for the nine months ended Oct.

This is the tip of the iceberg of what’s to come. Omniverse brings together NVIDIA’s expertise in AI, simulation, graphics and computing infrastructure. Omniverse will be used from collaborative design, customer service avatars and video conferencing, to digital twins of factories, processing plants, even entire cities. We showed what is possible when we can jump into virtual worlds.

Those two platforms accounted for 87% of the $7.1 billion in overall revenue in the third quarter.Ĭhief Executive Officer Jensen Huang, who I consider to be one of America’s best CEOs, summed up the future as follows: Revenue from data centers, i ts second-largest market platform by revenue, hit $2.94 billion, up 24% sequentially and 55% year over year. The company saw record revenue from its gaming segment of $3.22 billion, 5% higher than the previous quarter and 42% higher than a year ago. Nvidia reported results for its fiscal third quarter on Nov. The wall of worry from a premium valuation has been relieved to some extent, allowing the shares to prepare for their next leg up. In many respects, though, this two-month correction is the best thing that could have happened to NVDA stock. 22, shares have lost a third of their value. Since NVDA stock hit its all-time high of $346.47 on Nov. However, he also pointed out that many of these largest tech stocks are still near all-time highs. MacDonald suggested rising interest rates have investors shuffling their portfolios, worried that higher rates will translate into slower economic growth, which hits tech stocks squarely in the face as money moves to safer havens. InvestorPlace’s Chris MacDonald recently discussed the beatdown major tech stocks received. In other words, they have a long way to fall before the alarm bells go off. If shares were trading at $150, that would be a different story. So it hasn’t been all that long since it last traded at current levels. The last time it was below it was in late October. NVDA stock is approaching the $230 level. And the Invesco QQQ Trust (NASDAQ: QQQ), which is a decent proxy for tech stocks, is 11.6% in the hole. The VanEck Vectors Semiconductor ETF (NASDAQ: SMH) - of which Nvidia is the second-largest position with a 9.5% weighting - is down 12% year to date.