Nvidia looks like a bulletproof stock

Brian Sozzi · Executive Editor

Fri, Dec 6, 2024, 5:00 AM

Nvidia’s stock is off to a strong start in December. Shares have outperformed the S&P 500 by almost two times! But that’s only one reason why Yahoo Finance Executive Editor Brian Sozzi has Nvidia (NVDA) on his stock of the day list. The second is that the company may have just signaled a key future earnings catalyst: acquisitions. Considering Nvidia has more than $40 billion in cash on the books, buying other companies is certainly possible. Another area of intrigue is that Nvidia’s stock is doing well despite new chip advances out of Amazon (AMZN).

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