NVIDIA will be a more profitable company with a more balanced sales mix by market in 10 years' time based on my analysis. As such, I choose to focus on NVIDIA's long-term outlook (as opposed to its medium-term prospects), or more specifically where the company will be in the next decade, in my current article. Given that no one knows how long the current bear market will last and that a recession seems to be the base case scenario for most investors, it is critical to extend one's investment time horizon. In my prior update for NVDA written on March 28, 2022, I touched on NVIDIA's growth prospects in the intermediate-term or the next five years, by making reference to metrics disclosed by NVDA at the March 2022 Investor Day and the sell-side's consensus financial projections for the company. I upgrade my rating for NVIDIA Corporation's ( NASDAQ: NVDA) stock from a Hold to a Buy.
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