Nvidia Surges to $800: Here Is 1 Potential Red Flag Before You Buy Shares
Undoubtedly, artificial intelligence (AI) chip company Nvidia (NASDAQ: NVDA) is the toast of Wall Street right now. The stock is up an eye-popping 234% over the past year. It's not without cause: Nvidia's earnings per share grew a blistering 765% year over year in the fourth quarter of the company's fiscal year 2024, which ended Jan. 28.
Nividia recently soared beyond $800 per share, valuing the company at almost $2 trillion. The company's stranglehold on the AI chip market has investors piling in for what is expected to be years of hypergrowth for artificial intelligence.
But there is one red flag investors should at least consider as they buy shares.
Source Fool.com
