1 Green Flag and 1 Red Flag for Nvidia in 2023
Nvidia (NASDAQ: NVDA) has enjoyed a massive bull run this year, with its stock up by about 180% since Jan. 1. That's a stark improvement from the 50% decline the company's shares experienced amid the macroeconomic headwinds of 2022. Nvidia's shift from being a primarily PC-gaming-focused business to AI development has helped strengthen its outlook and make it less reliant on consumer chip sales (alongside its continued success in its data center segment, of course).
As a result, it's not a bad time to consider investing in this tech giant before its stock price flies any higher. However, before you pick up shares, it would be wise to familiarize yourself with the negative and positive aspects of the company. Nvidia's AI potential will need to outweigh its stock's expensive valuation.
Here is one green flag and one red flag for Nvidia in 2023.
Source Fool.com
