Proceed With Caution When Considering These 5 Ultra-Popular Stocks
Investors benefited from a notable relief rally in the first half of 2023. The sell-off in late 2021 and most of 2022 was the worst period for many investors since the 2008-09 financial crisis, so one could argue that a recovery was overdue.
Unfortunately for some stocks, the returns were so high that valuations rose to unsustainable levels. Hence, investors should proceed with caution regarding the following investments.
The rally in Nvidia (NASDAQ: NVDA) is understandable, given the recent popularity of artificial intelligence (AI). Nvidia is currently the dominant chip design company for AI chips, so as more industries turn to AI-driven solutions, Nvidia is a natural and massive beneficiary.
Source Fool.com
