Has Nvidia's Stock Finally Peaked?
Nvidia (NASDAQ: NVDA) stock has been giving back some gains lately as investors have started to pull away from high-flying tech stocks. It's still at a market cap of around $3 trillion, and Nvidia remains one of the top stocks in the world, but investors are definitely more apprehensive about buying the stock these days. While its growth opportunities are plentiful, determining a fair valuation for the stock can be difficult.
Is this recent pullback in Nvidia's stock price just a temporary setback for the chipmaker, and could now be a good time to invest in the business? Or is this a sign that Nvidia's stock has finally reached a peak and that more of a decline could follow in the near future?
A dip in price just isn't typical for Nvidia, which has been the ultimate growth stock to own over the past year and a half. Its sales have been tripling, demand continues to be strong, and analysts remain bullish on what lies ahead in the realm of artificial intelligence (AI).
Source Fool.com
