Nov. 19 Will Be a Big Day for Nvidia. Should You Buy or Sell the Stock Now? | The Motley Fool

All investors have had their eyes on Nvidia (NVDA 3.06%) in recent quarters — whether they’re invested in the stock or not. That’s because the company plays a key role in what may be the biggest growth industry today: artificial intelligence (AI). Nvidia is the dominant AI chip designer, and thanks to this position and its close relationship with customers and their order books, has been able to offer investors valuable visibility into the AI market and what may be on the horizon.

So, any update from Nvidia has been important for all investors. And of course, these updates have been particularly important for those who own Nvidia stock or consider buying the shares. That’s why, ahead of a big day for Nvidia on Nov. 19, you may be wondering if you should buy or sell the stock. Let’s find out.

AI customers rush to Nvidia

Before answering that question, though, here’s a quick summary of Nvidia’s AI story so far. As mentioned, Nvidia has constructed a leading position in the AI chip market, and that’s helped it generate double- and triple-digit quarterly revenue growth in recent years. Customers aiming to win in AI are looking for the fastest chips around to power their projects, and they’ve flocked to Nvidia. Importantly, Nvidia also is showing strong profitability on sales through gross margin that’s generally surpassed 70%.

The company also has expanded into a…