Reported 8 months ago
Nvidia's stock has been in decline after hitting record highs, with Harvest Portfolio Management's co-CIO and Nvidia shareholder Paul Meeks anticipating the company's upcoming shareholder meeting to reassure investors about the long-term potential of its AI initiatives. Meeks believes CEO Jensen Huang's presentation will help the stock rebound, as he expects Nvidia to surpass earnings estimates by continuing to emphasize the longevity of the AI chip boom. Meeks remains confident in Nvidia's fundamentals and is considering buying more shares after assessing technical support levels. Despite concerns about valuation, Meeks believes Nvidia's current stock price is not overly expensive.
Source: YAHOO