NVDA’s non-GAAP revenue increased 52.8% year-over-year to $7.64 billion in the fiscal fourth quarter ended January 30, 2022. These innovations should help NVDA strengthen its position in the gaming ecosystem. In January 2022, NVDA unveiled more than 160 gaming and Studio GeForce®-based laptop designs, new desktop, and laptop GeForce RTX® GPUs and technologies, and NVIDIA Omniverse™ for creators. With next-generation cars setting in to transform automotive into one of the largest and most advanced technology industries, this partnership should prove strategic for NVDA. Last month, Jaguar Land Rover announced that it had formed a multi-year strategic partnership with NVDA to jointly develop and deliver next-generation automated driving systems plus AI-enabled services and experiences for its customers. The company also has a partnership with Google Cloud to create AI-on-5G Lab. Its products are used in gaming, professional visualization, data center, and automotive markets. NVDA operates as a visual computing company worldwide through two segments: Graphics and Compute & Networking. Wall Street analysts see a more than 45% upside potential in these stocks. ( PYPL ) could be ideal additions to your watchlist now. Given this backdrop, blue-chip tech stocks, NVIDIA Corporation ( NVDA ),, inc. The stock market has been on a wild ride lately due to investors’ concern over the Russian invasion of Ukraine, the worsening inflation situation, and the impending interest rate hike later this month. Moreover, the momentum should sustain as more and more companies embrace the cloud, everything-as-a-service (XaaS), and edge intelligence to improve their business models.

Although these stocks are not immune to market volatility, they are known to rebound quickly.Īdditionally, the tech industry has thrived over the past two years due to the increased adoption of technology-based solutions amid the lockdowns and digital transformation trends across sectors. Investors perceive blue-chip stocks as safe-haven bets during market turbulence because of their dependable financials. Blue-chip stocks are typically large, well-established, and financially sound companies that have operated for many years.

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