Priced at about $1,750, BKNG could be considered overdue for a stock split. BKNG has established strategic relationships with all sorts of transportation companies and vacation providers that enable the company to accept bookings placed through those partners’ sites. As one of the world’s largest travel businesses, BKNG has plenty of promise, especially in a post-COVID world when everyone will be looking to travel. Though travel is not exactly the hottest industry at the moment due to the spread of the virus, BKNG’s stock is ascending toward its pre-COVID levels. Look for CMG to split after the stock moves even higher once the economy fully reopens and its restaurants become that much more crowded. Out of nearly 50 publicly traded companies in the Restaurants sector, CMG is ranked second.
The POWR Ratings show CMG has A grades in each POWR Component with the lone exception of its Industry Rank grade of B. These consumers will continue to patronize CMG restaurants far into the future, ultimately making CMG a growth stock. As the premiere provider of chips used by gamers, cloud aficionados, and data centers alike, Nvidia is well positioned to ride these trends higher.Though CMG’s forward P/E ratio of 113 is fairly high for a restaurant stock, it is well worth it considering CMG’s offerings are loved by youngsters. All told, management estimates Nvidia's total addressable market will grow to $250 billion by 2023, suggesting the company has just scratched the surface of a large and growing opportunity - particularly in light of its fiscal 2022 revenue of just $26.9 billion. The gaming, cloud computing, and data center markets are all growing by leaps and bounds.
The company also expects to expand its already juicy gross profit margin by roughly 50 basis points. Nvidia is guiding for fiscal 2023 first-quarter revenue of $8.1 billion, up 43% year over year at the midpoint of its guidance and up 6% sequentially. Management expects the company's robust growth to continue. Many other cloud and data center providers rely on Nvidia.īroad adoption by cloud platforms big and small pushed the company's data center revenue up by 58% in fiscal 2022. Amazon Web Services (AWS), Alphabet's Google Cloud, and Microsoft Azure all trust their processing to Nvidia, as do Alibaba Cloud, IBM Cloud, and Oracle Cloud - and that's just the big dogs.
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