ARK Invest's Cathie Wood: Nvidia is still a high-growth stock

Don't springiness up connected Nvidia (NVDA) amid the post-earnings sell-off. At slightest that's the connection from AI capitalist Cathie Wood.

Nvidia is inactive a high-growth stock, the ARK Invest laminitis told Yahoo Finance astatine the Bitcoin Investor Week league successful New York City connected Friday. Wood thinks the banal could inactive beryllium a 20% compound grower, adjacent if the company's margins compress a small owed to caller AI spot contention from AMD (AMD) and Amazon (AMZN).

"This marketplace won't beryllium Nvidia's alone, but each praise to Nvidia for the unthinkable opportunities it has created," Wood said. "It truly got the AI gyration going, and we deliberation it's inactive going to play a mighty role."

Wood said she continues to clasp Nvidia stock.

In its net merchandise connected Wednesday evening, Nvidia said it expects gross nett margins of 70.6% to 71% successful the archetypal 4th arsenic it contends with the accumulation ramp-up of its caller Blackwell chip.

The borderline outlook of 71% is "a small concerning," Benchmark Company managing manager and elder probe expert Cody Acree said connected Yahoo Finance's Market Domination. "I deliberation that's indicative of much pricing pressure, much contention from AMD (AMD), and much terms sensitivity astatine their customers arsenic they're investing their ain dollars to make their ain ASICs [application-specific integrated circuits]."

After toggling betwixt gains and losses connected Thursday, Nvidia banal closed down 8.48%. The banal rebounded by 1.5% connected Friday.

On the company's net call, Nvidia execs sought to propulsion backmost against the bears, who person enactment distant a communicative that determination volition beryllium a digestion play for AI investments by hyperscalers specified arsenic Amazon (AMZN) and that Nvidia's margins whitethorn person peaked.

"We're going to person to proceed to standard arsenic request is rather high, and customers are anxious and impatient to get their Blackwell systems," Nvidia laminitis and CEO Jensen Huang said. Huang teased respective caller almighty chips acceptable to beryllium unveiled astatine the company's March 17 GTC conference.

Nvidia CFO Colette Kress added: "Once our Blackwell afloat rounds, we tin amended our outgo and our gross margin. So we expect to astir apt beryllium successful the mid-70s aboriginal this year."

Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi connected X @BrianSozzi, Instagram, and LinkedIn. Tips connected stories? Email [email protected].

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