Core Viewpoint - Nvidia has experienced significant stock price fluctuations but presents a new buying opportunity as the AI market is projected to grow into the trillions by the end of the decade, supporting further gains for Nvidia's stock price [1]. Company Performance - Nvidia has consistently reported double- or triple-digit revenue growth, achieving record revenues each quarter, with gross margins consistently above 70% [6]. - The recent launch of the Blackwell architecture generated $11 billion in revenue during its first quarter on the market [10]. Innovation and Product Development - Nvidia plans to release annual updates for its chip and architecture, with the Blackwell Ultra expected in the second half of this year and the Vera Rubin architecture in the second half of next year, maintaining its leadership in the AI market [7]. Strategic Responses to Challenges - To mitigate the impact of potential tariffs, Nvidia announced a significant investment in U.S. manufacturing, aiming to produce AI supercomputers domestically, shifting from its current manufacturing base in Taiwan [8]. - Nvidia is also planning to establish a research and development center in Shanghai to cater to Chinese customers while adhering to U.S. export controls [9]. Market Outlook - Nvidia is currently trading at 30 times forward earnings estimates, which is lower than its peak valuations from the previous year, indicating a reasonable price point for investors [12]. - Despite potential risks from tariffs and export restrictions, Nvidia's long-term prospects remain strong, suggesting that the stock could provide significant returns over time [14][15].

Core Viewpoint - Nvidia has experienced significant demand for its AI products, leading to record earnings, but its stock price has recently faced challenges due to broader market concerns, particularly related to potential tariffs on imports [2][3]. Group 1: Company Performance and Market Position - Nvidia's stock surged last year due to high demand for its AI products from major tech companies [1]. - Despite record earnings, Nvidia's stock price has stumbled amid market-wide concerns about tariffs proposed by President Trump [2]. - The company is well-positioned to handle potential tariffs, with a recent move to increase U.S. production and $43 billion in cash reserves [3]. Group 2: Upcoming Events and Innovations - Nvidia CEO Jensen Huang is set to deliver a keynote at Computex on May 19, focusing on AI and next-generation technology [6]. - Investors are particularly interested in updates on Nvidia's innovations, including the Blackwell Ultra chip and Vera Rubin architecture, which were previously announced [7][8]. - The potential announcement of Arm Holdings-based processors for PCs in collaboration with MediaTek could mark a significant advancement for Nvidia in the Windows operating system market [8]. Group 3: Investment Considerations - The upcoming Computex event could generate excitement about Nvidia's future growth in AI, potentially impacting stock performance [10]. - While it may not be necessary to rush into buying Nvidia shares before the keynote, the stock is considered reasonably priced at 26 times forward earnings estimates [11]. - Overall, it is suggested that buying Nvidia now or after the Computex event could be a sound investment strategy [12].