3 Dangerous Myths About Nvidia Stock
Nvidia (NASDAQ: NVDA) needs little introduction at this point. The GPU maker dominates the artificial intelligence (AI) era. It's become the third-most-valuable company in the world behind only Microsoft and Apple, and its revenue more than tripled in its most recent quarter, driving even faster growth on the bottom line.
Nvidia stock jumped more than 500% since the start of 2023. But with its gains accelerating in the first few months of 2024, a new narrative has emerged around the stock, and with it, some pernicious myths. Some investors now believe the stock is in a bubble that will soon collapse, believing that the stock has run too high, too fast and that its profits aren't sustainable.
However, many of the arguments that form that thesis fall apart upon closer examination. Keep reading to see three such talking points that investors should be skeptical of.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 151 Buy predictions and 4 Sell predictions.
With a target price of 501 € there is a slightly positive potential of 17.07% for Microsoft Corp. compared to the current price of 427.95 €.
