Nvidia Stock: FOMO Versus Fundamentals. What Should Investors Do?
Sentiment can change on Wall Street as the wind blows; graphics processing unit (GPU) leader Nvidia (NASDAQ: NVDA) declined roughly 59% over the first nine months of 2022. But it has been a different story since October; shares have climbed more than 94% in less than six months. Yet the stock is somehow still down 30% from its highs.
Sounds promising, right? Let's take a breath before rushing to place that buy order; some concerns could keep Nvidia's stock from continuing its skyward trajectory. Don't let the fear of missing out (FOMO) tempt you into making a hasty decision. Here is what the fundamentals say about Nvidia's path forward.
There is a lot to like about Nvidia; it's the world's leading discrete GPU company. Discrete GPUs are separate from a computer's central processing unit (CPU) and have dedicated memory. This means they can handle higher workloads, making them suitable for gaming, blockchain, artificial intelligence, and other computing-intense applications.
Source Fool.com
