Should You Buy Nvidia Now -- or Wait Until March 18?

Core Viewpoint - Nvidia has established itself as a strong long-term investment, with a stock increase of 1,800% over the past five years, driven by its leadership in the rapidly growing artificial intelligence (AI) market, projected to exceed $1 trillion by the end of the decade [1][2]. Company Performance - Nvidia has consistently reported impressive earnings growth, achieving record quarterly revenue of $39 billion and annual revenue of $130 billion, with expectations for continued growth due to the ongoing AI infrastructure development [2][4]. - The company is recognized for producing the fastest AI chips, known as graphics processing units (GPUs), and offers a comprehensive range of related products and services, positioning it well to meet the needs of both new and existing AI customers [4]. Innovation and Future Prospects - Innovation is a key factor in Nvidia's competitive advantage, highlighted by the successful launch of its Blackwell architecture, which generated $11 billion in its first full quarter [5]. - Nvidia is committed to annual innovation, with plans for the Blackwell Ultra and Rubin architectures to be launched in the near future, further solidifying its market position [5][6]. Upcoming Events - Nvidia's CEO Jensen Huang is set to deliver a keynote at the GTC AI conference on March 18, which may provide significant insights into the company's future developments in AI [7][8]. - The GTC event will span five days and include various presentations, including a focus on quantum computing, indicating the company's broad engagement with cutting-edge technologies [8]. Investment Timing - Historical trends suggest that Nvidia's stock may not experience significant increases immediately following earnings reports, which could present an opportunity for investors to buy at lower prices ahead of the GTC conference [9]. - Regardless of short-term fluctuations, the long-term outlook for Nvidia remains positive, with the stock currently trading at approximately 29 times forward earnings estimates, suggesting it may be an opportune time for investment [12].