Nvidia's Next Big Thing: The HGX-1 AI Platform

Over the past three months, Nvidia's (NASDAQ:NVDA) stock has been upgraded by several financial services firms including Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), and Bernstein, while some others have downgraded the stock, such as Pacific Crest. In an article published in December, last year, I said Nvidia's stock could scale new highs if the company's revenue continues to grow at a CAGR of 20% plus in the foreseeable future. At that time, the stock created a new high around $120, before correcting almost 20% afterwards. I also cautioned investors that the stock could go through spine-chilling volatility, and that's exactly what is happening now. The commentaries of several sell-side analyst firms fueled the extent of volatility beyond what happens under normal circumstances.