Will Nvidia Stock Crash Like Tesla? 3 Points To Consider
Nvidia (NASDAQ: NVDA) stock has been on fire amid the massive demand for its AI chips. That has led to worries of overvaluation amid its 249% gain over the last 12 months.
That could also be worrisome, given the recent history of another AI stock, Tesla (NASDAQ: TSLA). Ark Invest's Cathie Wood predicted a $2,000 per share price for Tesla by 2027 on anticipated demand for its self-driving platform. That forecast has occurred as falling demand for EVs and lower gross margins hamper its stock, which is down 30% in 2024.
Although Nvidia is not invincible, it has not shown any signs of slowing so far. Hence, before assuming that Nvidia will follow Tesla's lead, investors should consider these points.
Source Fool.com
Tesla Inc Stock
€164.96
-0.780%
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With a target price of 249 € there is a hugely positive potential of 50.95% for Tesla Inc compared to the current price of 164.96 €.
