Nvidia: Buy at the High?
Shares of microchip designer Nvidia (NASDAQ: NVDA) are reaching fresh all-time highs daily. The stock has nearly doubled in 2019, gaining 84% since Christmas eve 2018. Will Nvidia's momentum carry over into 2020, or has the stock soared too high for its own good?
Let's find out.
Your average analyst likes Nvidia today. The stock has garnered an average rating of 2.2 out of 5, where a score of 1 means "strong buy" and a score of 5 means "strong sell." Only 1.5% of Nvidia's stock is sold short at the moment, showing that investors on the open market largely agree. By contrast, rival graphics chip designer Advanced Micro Devices (NASDAQ: AMD) carries a slightly more negative analyst rating of 2.5, and 10% of the company's shares are sold short.
Source Fool.com
