Reported 4 months ago
The Motley Fool article discusses the current status of Nvidia (NASDAQ: NVDA) stock after exceeding Wall Street's expectations in its first-quarter report, attributing the success to the demand for AI systems and generative AI platforms. With a market capitalization of $2.85 trillion, Nvidia's stock reached all-time highs. While the company has various growth catalysts, including strong financial performance, demand for AI chips, and new applications, its high valuation and stock performance suggest caution in buying now. The article suggests holding onto Nvidia shares and waiting for a potential price correction before considering additional investment.
Source: YAHOO