Saad Ullah
NVIDIA has become the face of the AI revolution, but not everyone's convinced. Some worry we're in bubble territory. Yet when you dig into the numbers, especially the earnings per share growth, a different picture emerges.
EPS Growth Matches Price Momentum
According to data from TrendSpider, NVIDIA's EPS gains have consistently justified the stock's climb, suggesting this is more about real performance than market frenzy.
The numbers tell a compelling story. NVIDIA's EPS growth over recent quarters shows just how much the company has delivered:
- Q2'23: +851.8%
- Q3'23: +1267.3%
- Q4'23: +768.4%
- Q1'24: +630.8%
- Q2'24: +169.9%
- Q3'24: +110.2%
- Q4'24: +81.0%
- Q1'25: +27.1%
- Q2'25: +60.6%
Each quarter builds on the last, showing that the stock's valuation isn't just hot air—it's backed by actual earnings power.
Technical Picture
The daily chart shows a classic stair-step pattern, where NVDA consolidates before moving higher. Previous support zones around $120–$140 have held firm, while the stock currently trades near $185.87. The upward trend aligns perfectly with the fundamental earnings story, giving technical traders and fundamental investors alike something to feel good about.
The AI infrastructure boom continues to fuel massive demand for NVIDIA's GPUs. The company keeps beating earnings expectations, which builds trust with investors. With few real competitors in the AI chip space, NVIDIA has pricing power that's hard to match. And institutional money keeps flowing in, providing sustained momentum.
Sure, high-growth stocks can be volatile. But NVIDIA's combination of earnings growth and market dominance suggests this rally has legs. The key level to watch is $200—if it breaks through, we could see another strong leg up.
Saad Ullah
