I agreed. The price of Nvidia is overvalued by too much now.
Can Nvidia Stock Price Reach $500? Yes, It's All About AI
Justin Sullivan/Getty Images News Elevator Pitch My Buy investment rating for Nvidia Corporation shares stays intact. In my prior update for NVDA, written on April 6, 2023, I noted my expectations of "Nvidia's shares rising above $300" taking into account the fact that it "is well-positioned to leverage on generative AI growth opportunities." Nvidia Corporation's stock price has since risen by +46% to close at $394.82 as of June 12, 2023. I determine that there is a very good chance of NVDA's shares going up further to $500 with the current article, which supports my Buy rating for the stock. Nvidia Corporation has yet to fully exploit AI-related growth opportunities, and the implied price/earnings to growth or PEG multiple for NVDA at the $500 price level is still pretty reasonable. Is Nvidia Stock Expected To Go Up Further?
Stocks market trend is always in a wave. Whenever it waves down, it would waves up again in time to come. It won't stay high forever, neither would it stays low forever. Bull market would not be forever. Any speculation would easily bring it down to a bear market. However, this does not necessarily reflect the true value of a company can be doing very well. We do not quit from our jobs just because our company shares has fallen. If you are an employee working in a good company, you would just continue to work there regardless the shares price goes up or down. I believe the S&P 500 would not be sink into the bear market. It might takes a few months before it comes back to be in bull charge due to the fear of raising interest rate now which speculates that the
I don't wish to see the vaccine would be used again as endless booster shots. Instead, I prayed for the ending of this Covid so that all sentient beings would have a peaceful livelihood 🙏🏻