Nvidia Was Briefly the World's Most Valuable Company. Is It Too Late to Buy the Stock?
Earlier this month, Nvidia (NASDAQ: NVDA) briefly surpassed to become the most valuable company in the world. It's one good day of trading away from rejoining Microsoft and Apple as the only three companies to obtain a market cap of $3 trillion or more.
With Nvidia briefly becoming the largest company on the planet, the question is: Has the stock topped out? Let's look at why it may still have plenty of room to climb.
Becoming the world's largest company or reaching a market-cap milestone doesn't mean the gains on a stock are necessarily capped. For example, it was pretty astounding when Apple became the world's first trillion-dollar company back in August 2018. At the time, it certainly seemed that the gains would slow from there. After all, it took the company 42 years to reach a trillion-dollar market cap.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 107 Buy predictions and 1 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 4.22% for Microsoft Corp. compared to the current price of 406.85 €.
