Is It Too Late to Buy Nvidia Stock?
Since the start of 2024, Nvidia's (NASDAQ: NVDA) stock has risen around 150%. After a run like that, many investors assume that they've missed the boat and the stock cannot go any higher. The problem is that the same thinking has caused them to not buy the stock after it's risen 50% or 100%.
On a similar note, Nvidia's stock is up nearly 750% since the start of 2023. Despite the stock rising significantly, every day was a fantastic buying opportunity in 2023. There is a natural instinct called price anchoring, where your mind latches on to the price you could have paid in the past.
Investors need to look at the assumptions baked into Nvidia's stock and decide: Could it go higher in the future? If those assumptions are reasonable, then maybe it's not too late to buy Nvidia stock.
Source Fool.com
