Why Josh Brown Just Compared Nvidia To Apple, Microsoft

NVIDIA Corporation NVDA is trading higher Thursday after the company announced better-than-expected second-quarter financial results. 

What Happened: Nvidia reported adjusted quarterly earnings of $1.04 per share, which beat the estimate of $1.02 per share. The company reported quarterly revenue of $6.51 billion, which beat the estimate of $6.33 billion.

Nvidia expects third-quarter revenue to be $6.8 billion, plus or minus 2%, versus the estimate of $6.53 billion.

Related Link: NVIDIA: Q2 Earnings Insights

Brown's Take: Nvidia is a must-own stock for growth investors, Ritholtz Wealth Management CEO Josh Brown said Thursday on CNBC's "Fast Money Halftime Report."

Investors who want to own large-cap semiconductor companies should expect volatility, he noted. 

Recently, Nvidia has been less volatile and traded more like Apple Inc AAPL or Microsoft Corporation MSFT, but the stock isn't going to be a safe haven if the market gets ugly, Brown said.

"In reality, if you are a growth investor or a technology investor, it's a must own stock," he said. "It's a platform that, literally, you can't not be invested in if you call yourself a growth investor and that's probably what's helping to hold it up."

Brown told CNBC that investors buying Nvidia around the $200 level expecting the volatility to stay low should be careful. 

NVDA Price Action: Nvidia has traded as high as $208.75 and as low as $115.67 over a 52-week period.

At market close Thursday, the stock was up 3.98% at $197.98.

Photo: Nvidia George RTX, Courtesy of Nvidia.